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More female millionaires in Portugal

yachtPortugal has the highest percentage of women millionaires in the world.

Only 10% of all the multimillionaires in the world are women, and Portugal heads the list of countries by having 23.8% of the Portuguese multimillionaire population.

The information comes from a survey by conducted by Spear’s and a wealth consultancy, WealthInsight.

Portugal was followed by the Philippines which has 21% of its millionaires being female.

At the other end of the league table is Japan where women form just 3.7% of the whole. Saudi Arabia squeaked just ahead with 3.8%.

Countries making up the top ten include Peru (18.3%), Turkey (17.4%), Israel (17%), Spain (13.8%) and Italy (12.5%). Emerging Asian nations such as the Philippines (21%), Hong Kong (18%) and Thailand (15%) also feature.

Women make up 11.4% of UK multimillionaires, which places it 10th in Europe and 15th in the world. This is ahead of Germany which has 9.6%, the USA with 9.4%, Canada 9.2%, Australia 8.8%, while France has 8.5% and the Netherlands with 5.9%.

These all fall below the global average of 10%.

According to WealthInsight, it is a “startling realisation that most of the top 10 countries are emerging markets when it is Western countries leading the way in promoting gender equality.

The editor of Spear’s magazine says the results were unpredicted.

'It is worth remembering, of course, that women make up over half the global population, so we can't really say any country is gender-equal until its wealth is divided much more along those lines. What is shocking is that no country is anywhere near that yet.'

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Comments  

+1 #3 An Observer 2013-12-06 09:04
Good point .... but somehow one suspects that this routine of putting your 'off the radar' earnings into a relatives account was not an issue for Financas until the Troika arrived and told our leaders to go after this kind the money - their money.
Now we await the rehabilitation of Socrates the party leader - apparently many Socialists see him as preferable to this current Seguro chap who seems mainly noteworthy for staying out of Government as its a poison chalice come the elections. But is this 'stay away' policy not just playing into the hands of the ex-PM or the more charismatic Costa the Lisbon Mayor ?
+1 #2 charlie 2013-12-05 10:52
The 300 miilion in offshore bank accounts is nothing at all to do with Mr 'whiter than white' Socrates, this is miraculous 'family' money and I am sure his uncle pays all taxes due on interest and gains. After all, there is a sweep going on for offshore accounts owned by Portuguese taxpayers and I am sure the name 'Socrates' will crop up at some point -maybe not in my lifetime though...
+2 #1 An Observer 2013-12-05 10:25
Not that remarkable for Portugal. Surely we are witnessing all the many examples of the ex-PM Socrates Mother Syndrome? Has she not just been fined 4m by Financas - presumably paying off some of her son's off-shore savings from his years as a politician ?

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