Wealth Recovery Nearly Compensates for 2008 Losses-HNWI population up 17.1 percent while HNWI wealth reaches $39 trillion
MUMBAI, June 23, 2010 - The world’s high net worth individuals (HNWIs) regained ground despite weakness in the world economy, according to the 14th annual World Wealth Report, released today by Merrill Lynch Global Wealth Management and Capgemini. The world’s population of HNWIs returned to 10 million in 2009 and HNWI financial wealth increased, posting a gain of 18.9 percent to $39 trillion. Ultra-HNWIs2 increased their wealth by 21.5 percent in 2009. These figures indicate that emerging wealth recovery has nearly recouped 2008 losses, returning to levels last seen in 2007.