The number of millionaires in Latin America grew 9.7% last year, above the world average rate of 6.5%, according to the 10th annual World Wealth Report, just published by Merrill Lynch and consultancy firm Cap Gemini. The increase of millionaires – defined as people with more than $1 million in assets – in the region is attributed to the high price of crude oil and other commodities. The 350,000 millionaires in the region control around $4.2 billion of assets.
Technorati Tags: Latin America, Millionaires, Eduardo Bravo Losada, Bravo & Bravo Losada, IGAF, IGAFLA, Accountants, CPAs, Accounting Firms
Thursday, June 22, 2006
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