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Wealth on the rise

Staff Reporter 1 minute read

The annual World Wealth Report released by Merrill Lynch yesterday has revealed the number of wealthy Australians grew by 11,000 in 2007.

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Australia currently has 172,000 individuals who own at least $1 million in net assets – excluding their primary residence. Combined their wealth totals over $578 billion.

On a global scale Australia’s 7.1 per cent growth in wealthy individuals was dwarfed by India, which grew by 22.7 per cent, and China’s 20.3 per cent.

Published: 26-06-08

Wealth on the rise
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