Millionaires are back. The number of individuals worldwide with $1 million or more in assets aside from their residence grew by 8.3% to 10.9 million in 2010, topping pre-crisis 2007 levels, according to the World Wealth Report released Wednesday.

The United States remained home to most of what the financial services industry calls high-net-worth individuals. The ranks of U.S. millionaires grew from 2.9 million in 2009 to 3.1 million in 2010 -- about 1% of the population.

The study, conducted by Merrill Lynch Global Wealth Management (BAC) and Capgemini, found that women and investors 45 and younger helped propel the surge. Female millionaires increased from 24% to 27% of the count since 2008. The percentage of younger market players increased from 13% to 17%.

Investors in general began moving away from cash holdings and deposits into riskier equities, and that paid off, said John Thiel, head of U.S. Wealth Management for Merrill Lynch Global Wealth Management. The redistribution, he added, was further indication that market confidence has picked up since most of the world landed in the economic dumpster in 2008.

The 23 brokerages worldwide that participated in the survey predicted that interest in equities would continue to rise while reliance on real estate to build wealth would fall. (We suspect that a Century 21 survey might produce a different forecast.)

Overall, 53% of the world's millions and its millionaires are concentrated in the United States, Japan and Germany, according to the study.

Regional traumas such as the Japanese earthquake, tsunami and nuclear meltdown replaced collective global turbulence in 2010 -- another reason for the steady growth of the affluent, the study said. The pockets of disturbance allowed for more stability overall.

Thiel said the findings were "not surprising." "It's quite refreshing that we're plodding along."

The news was even better for the filthy rich. The number of ultra-high-net-worth individuals -- those with $30 million or more in assets -- grew by 10.2%.

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dwight

Two Trillion spent on Tarp and QE1 and 2.. The devaluation of the dollar coupled with low interest rates have wiped out the savings and investment portfolios of millions of americans. These are the ones that worked and saved, paid their taxes and put their childred thru college in an effort to give them a better life experience than they had..
What did they get for it? Their Children got social indocrination by the schools. They dumbed them down on the fundamental life skills, Reading, writing, Math and basic economics.. The country itself is run by a bunch of narsistic idiots both republican and democratic...both are to blame..
There is a simple solution no one talks about.. It requires basic math and common sense..Get out your calculators and pencil and paper..It you were lucky enough to learn to use them..
Using the principal of basic intregrity and accountability let's assume that instead of the government giving all this money to the same crimminal felons that created this problem they simply did one thing..
They apologised to the american people the laborer and the professional and carried out this action.. The refunded to each activitily working tax paying american a portion of that $2 Trillion equivalent to their contribution ratio.. Consider the consequences of this action.. Those that orginally cause this problem would have been allowed to fail..Those millions of intellgent people out there who trusted the system would get to chose how to re invest that money ..Jobs would be created.. the housing market would be saved..Banks would have to compete honestly for deposits and pay interest rates that retired americans depend on and un employment would be equal to the percentage of illegal aliens in this country.. Just IMAGINE letting the individual working tax paying american solve the problem.. Then of course then why would we need government if they made common sense decisions like that???

June 26 2011 at 9:27 AM Report abuse +1 rate up rate down Reply
rdins4

Anytime the stock market rallies like it did in 2010 (and rallied BIG), of course the number of millionaires SHOULD go up. They would have to make really bad investments for that not too, it doesn't take a rocket scientist to figure that statistic out.

June 23 2011 at 10:41 PM Report abuse rate up rate down Reply
savemycountry911

Watch out millionaires, the lib/Socialists will take all your money they can get.

June 23 2011 at 10:11 PM Report abuse +1 rate up rate down Reply
zollette

UH HUH If inflation continues, I will have to give my nephew a million dollars just to buy a tank of gas. By then all the greedy CEO's will be Zillionaires, and a regular job will still pay eight bucks an hour. Eighteen regular people will then have to all cram into a regular dwelling just to avoid homelessness. And if you think about it, as population increases, we still have the same amount of resources shared by more and more people, which will mean perpetually worse poverty and hardship. What ever happened to Family Planning?

June 23 2011 at 7:01 PM Report abuse +1 rate up rate down Reply
imamom2c

Shame on those who HAVE and DO NOT GIVE ..........................
Who the crap even worries about those HUMANS who are handicapped
PLEASE Answer that!

June 23 2011 at 6:04 PM Report abuse +1 rate up rate down Reply
madddddddddddddd

AHHHHHHHHHHHHHHHHHHHHH FINALLYYYYYYYYYYYYYYYYY SOME GOOD NEWS...................

LETS HOPE IT GROWS BY 20% NEXT YR....................

June 23 2011 at 3:50 PM Report abuse -1 rate up rate down Reply
mottum1486

Isn't these the guys the dem's want to increase taxes on? Looks like a no-brainer to everyone EXCEPT the repus

June 23 2011 at 2:27 PM Report abuse +1 rate up rate down Reply
1 reply to mottum1486's comment
bggdg

Stealing the fruits of other citizens labor is a "no-brainer"? What other types of assaults are just too enticing for you to resist?

June 24 2011 at 7:54 AM Report abuse -1 rate up rate down Reply
Robert & Lisa

When Obama and thugs said they were going to redistribute the weath who knew they meant they were going to double the poverty rate and increase the millionaires. Hmmm. Maybe these Socialists know exactly what they are doing.

June 23 2011 at 12:08 PM Report abuse rate up rate down Reply
Jetncat

I am not impressed..........Today's Billionaire was yesterday's Millionaire. A million dollars doesn't buy what it used to. Inflation took care of that. Soon it will take a million dollars a year for the middle class to buy fuel,food and housing & education. If you make under 100K you are considered lower income in NY.

June 23 2011 at 11:22 AM Report abuse +3 rate up rate down Reply
scottee

most of them are in government. is this okay with everyone?

June 23 2011 at 10:10 AM Report abuse +2 rate up rate down Reply