Monday, the G-8, a group of leaders from eight of the world's 11 largest economies, convened in Northern Ireland to discuss global finances. Their conclusion: Though downside risks have been reduced, "world economic prospects remain weak."
Not everyone is struggling, though. While growth in the employment rate remains sluggish and many countries are still struggling to regain a sure footing after 2008, growth in equity and real estate markets in some regions has thickened the ranks of the world's wealthiest.
In 2012, another million individuals joined the elite group of earthlings who have $1 million or more in investable assets, according to the yearly World Wealth Report from Capgemini and RBC Wealth Management. The world now has nearly 10 percent more High Net Worth Individuals (HNWI — they get their own acronym) than it did in 2011.
Here, a numerical look at the elite group:
The current world population of HNWIs
The net worth of all HNWIs combined in 2012: That's greater than the combined GDP of the E.U., the U.S., China, and Japan.
The United States' GDP
Percent increase in the world's HNWIs from 2011 to 2012
Percent increase of the world's HNWIs from 2010 to 2011
Percent by which global wealth grew in 2012
Millionaires in North America, the region with the most HNWIs
HNWIs' total wealth in North America
Millionaires in Africa, the region with the least HNWIs
HNWIs' total wealth in Africa
Percent of wealth HNWIs held in cash and deposits in 2012
Percent of wealth HNWIs invested in equities (most popular for North American HNWIs)
Percent of wealth HNWIs put in real estate
Total value of world equities at the end of 2012
Global real estate value
Percent of HNWIs more focused on preserving than growing their wealth
Percent of HNWIs more focused on growing than preserving their wealth
Percent of HNWIs who feel confident about continuing to generate wealth in the future
Projected global wealth of HNWIs in 2015
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- What would a U.S.-Russia war look like?
- The mystery behind China's aggressive push into space
- The best places to find love — and lust — according to science
- Here's the schedule very successful people follow every day
- Sex can't explain the culture war
- Why GOP reformers are bound to fail
- How the battle for religious freedom became a nonsensical free-for-all
- The 6 best low-cost smartphones
- The 5 best and worst states for a well-lived life
- How to buy an engagement ring — a man's guide
Subscribe to the Week