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More people join the super rich

yachtThe amount of private wealth in households around the world jumped more than 14% last year, hitting $152 trillion (£90tn).

The UK sported the world's second largest number of super rich households for a second year in a row, but the rate of growth is faster in other wealthy countries.

There were 1,044 households with private financial means of $100m (£60m) or more last year, according to the Boston Consulting Group's latest Global Wealth report. This is up from 1,001 in 2012.

The study considers cash, deposits, shares and other assets but excludes businesses, real estate and luxury goods.

The increase in wealth was boosted particularly by stocks, with the report noting “all major markets performed strongly”.

"This performance was spurred by relative economic stability in Europe and the US and signs of recovery in some European countries, such as Ireland, Spain and Portugal."

In Western Europe countries in the eurozone did not fare as well as those outside it, such as Switzerland and Sweden. Growth in the eurozone remained hindered by the lingering downturn.

Nevertheless, private wealth in Western Europe rose by 5.2% to $37.9 trillion in 2013.

The number of super rich in the UK is much smaller than the United States, where there are 4,754 such households, but is ahead of China (983), Germany (881), Russia (536) and France (472). These countries are the leading six.

Non-European countries in the top 15 are Canada (465), Hong Kong (417), Turkey (288), India (284), Australia (236) and Brazil (227).

The greatest proportion of ultra high net worth households to the rest of the population was in Hong Kong, followed by Switzerland, Austria, Norway and Singapore. The UK held 11th position.

The wealthiest regions were North America ($50.3 trillion), Western Europe ($37.9 trillion) and Asia-Pacific (excluding Japan) at $37 trillion. In Asia-Pacific, private wealth in China soared more than 49% last year.

High saving rates in countries such as China and India has also been a key contributing factor to this surge.

If that rate continues, China is expected to overtake Western Europe this year. Its number of millionaire households reached 2.4 million last year, up from 1.5 million in 2012.

Overall, the total number of millionaire households in the world rose to 16.3 million in 2013, from 13.7 million in 2012.The amount of private wealth in households around the world jumped more than 14% last year, hitting $152 trillion (£90tn).

The UK sported the world's second largest number of super rich households for a second year in a row, but the rate of growth is faster in other wealthy countries.

There were 1,044 households with private financial means of $100m (£60m) or more last year, according to the Boston Consulting Group's latest Global Wealth report. This is up from 1,001 in 2012.

The study considers cash, deposits, shares and other assets but excludes businesses, real estate and luxury goods.

The increase in wealth was boosted particularly by stocks, with the report noting “all major markets performed strongly”.

"This performance was spurred by relative economic stability in Europe and the US and signs of recovery in some European countries, such as Ireland, Spain and Portugal."

In Western Europe countries in the eurozone did not fare as well as those outside it, such as Switzerland and Sweden. Growth in the eurozone remained hindered by the lingering downturn.

Nevertheless, private wealth in Western Europe rose by 5.2% to $37.9 trillion in 2013.

The number of super rich in the UK is much smaller than the United States, where there are 4,754 such households, but is ahead of China (983), Germany (881), Russia (536) and France (472). These countries are the leading six.

Non-European countries in the top 15 are Canada (465), Hong Kong (417), Turkey (288), India (284), Australia (236) and Brazil (227).

The greatest proportion of ultra high net worth households to the rest of the population was in Hong Kong, followed by Switzerland, Austria, Norway and Singapore. The UK held 11th position.

The wealthiest regions were North America ($50.3 trillion), Western Europe ($37.9 trillion) and Asia-Pacific (excluding Japan) at $37 trillion. In Asia-Pacific, private wealth in China soared more than 49% last year.

High saving rates in countries such as China and India has also been a key contributing factor to this surge.

If that rate continues, China is expected to overtake Western Europe this year. Its number of millionaire households reached 2.4 million last year, up from 1.5 million in 2012.

Overall, the total number of millionaire households in the world rose to 16.3 million in 2013, from 13.7 million in 2012.

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