How rich is the world?

[yllus]

How Rich Is The World?

It's worth US$97.9-trillion, according to The Boston Consulting Group.

According to a report by BCG, the world's worth rose 7.5% during 2006.

The group studied wealth in 62 countries which represent 96% of global gross domestic product. It also surveyed 111 wealth managers who oversee US$10-trillion in assets.

Europe and North American are the richest parts of the world, accounting for 71% of wealth. Canada and the United States together hold about US$36-trillion, with Europe at about US$33-trillion.

The BCG study also revealed rapid growth in the number of rich people around the world. The number of millionaire households grew by 14% to 9.6 million in 2006. "These were the richest 0.7% of households, and they owned $33.2 trillion -- or about one-third -- of global wealth," said Bruce Holley, one of the report's authors.

The United States had the highest number of millionaire households, followed by Japan, the United Kingdom, and Germany.

China had the fifth-highest number of millionaires, a sign of its rising economic power.

Some interesting statistics for ya. I find it pretty amazing that Canada and the U.S. hold down ~36% of the world's wealth. Even crazier is that 0.7% of households hold a third of the world's wealth.

 

[michaelsslave]

perfect time to sell us to the aliens, we would be rich

 

[rivan]

Originally posted by: yllus
How Rich Is The World?

It's worth US$97.9-trillion, according to The Boston Consulting Group.

It also surveyed 111 wealth managers who oversee US$10-trillion in assets.

I find it more amazing that 111 people oversee 10% of the world's wealth.

 

[CPA]

It feels nice to be in the wealthy part of the world.

 

[Kenazo]

Oh Canada!
I wonder what % of that $36 trillion is ours...

 

[ElFenix]

take that euros! USA! USA! USA!

(you canucks all know you just want to be us, that's why we're helping you out by making your dollar worth the same as ours)

 

[Epic Fail]

And the US has a national debt of 5.6 trillion.

 

[K1052]

Originally posted by: yamadakun
And the US has a national debt of 5.6 trillion.

on a percentage of GDP basis we come out better than a lot of 1st world nations, including most of the EU

 

[GTaudiophile]

Ah, but how does one define weath? Purely in financial terms?

What about "wealth" in terms of enjoyment? Work/life balance? Vacation? Cultural history? Environmental protection and planning?

When it comes to living happily, the EU tends to score way head of the USA.

 

[destrekor]

Originally posted by: michaelsslave
perfect time to sell us to the aliens, we would be rich

if I get a fare cut of the sale, then all hail our new alien overlords.

 

[thirdeye]

So unless my math is off, we're all worth ~ $150.

NICE!

 

[intogamer]

Originally posted by: yamadakun
And the US has a national debt of 5.6 trillion.

Americans run on debt. I don't see why the government can't do it too!

We run in a credit(borrowing) society. Where as 3rd world countries can only run on what money they can have.

 

[Born2bwire]

Originally posted by: thirdeye
So unless my math is off, we're all worth ~ $150.

NICE!

I think you mean $15,000.

 

[chuckywang]

If split evenly, everyone will have $14,800. Makes you really appreciate just how poor the poor really are.

 

[destrekor]

Originally posted by: thirdeye
So unless my math is off, we're all worth ~ $150.

NICE!

um... yea bad math. everyone on this planet is worth about $15k.

 

[Jeff7]

*pinky in side of mouth*

"One. Hundred. TRILLION DOLLARS!"

Originally posted by: rivan
I find it more amazing that 111 people oversee 10% of the world's wealth.

A bit scary, too.

 

[ElFenix]

Originally posted by: yamadakun
And the US has a national debt of 5.6 trillion.

find any company not named microsoft that doesn't have any long term debt. long term debt is not something to be avoided like the plague. if it were, jefferson wouldn't have bought louisiana.

Originally posted by: GTaudiophile
Ah, but how does one define weath? Purely in financial terms?

What about "wealth" in terms of enjoyment? Work/life balance? Vacation? Cultural history? Environmental protection and planning?

When it comes to living happily, the EU tends to score way head of the USA.

so when are you renouncing your citizenship?

 

[ultimatebob]

That's nothing... My ThotMarket account is worth more than that

 

[TruePaige]

Well then....why won't the world buy me a beer?

We could buy beer for everyone on the globe, and not dent our cash.

What a messed up world we live in ...

 

[SSSnail]

Originally posted by: ElFenix

Originally posted by: yamadakun
And the US has a national debt of 5.6 trillion.

find any company not named microsoft that doesn't have any long term debt. long term debt is not something to be avoided like the plague. if it were, jefferson wouldn't have bought louisiana.

Originally posted by: GTaudiophile
Ah, but how does one define weath? Purely in financial terms?

What about "wealth" in terms of enjoyment? Work/life balance? Vacation? Cultural history? Environmental protection and planning?

When it comes to living happily, the EU tends to score way head of the USA.

so when are you renouncing your citizenship?

G O O G L E.

And I believe you have my stapler.

 

[Spook]

Interesting... marked until later.

 

[ed21x]

most asian countries hold bonds in other countries and wealthy people in asia often put their cash in foreign banks.

 

[ViviTheMage]

Originally posted by: michaelsslave
perfect time to sell us to the aliens, we would be rich

depending on what they think rich is...in USD of course.

 

[ElFenix]

Originally posted by: SSSnail

Originally posted by: ElFenix

Originally posted by: yamadakun
And the US has a national debt of 5.6 trillion.

find any company not named microsoft that doesn't have any long term debt. long term debt is not something to be avoided like the plague. if it were, jefferson wouldn't have bought louisiana.

G O O G L E.

And I believe you have my stapler.

damnit!


is this it?

 

[Inspector Jihad]

is that enough to buy the moon?