2014-10-23

It may well be that the economic crisis races in Spain, but in Spain the rich have become richer and has been joined by several wealthy.

We live in the topsy-turvy world. While a record number of Spaniards have to go out of house and property, and one in four is unemployed, the number of Spanish-millionaires in the last year has increased by a quarter.

Ten percent of the richest in Spain today sits today on more than half – 55 percent – of Spain’s wealth.

A report from the international bank Credit Suisse shows that there are 465,000 millionaires in Spain, and there is an increase of 89,000 since 2007, the calculation is calculated in USD (U.S. dollars). This means that a millionaire according to the calculation is a person who has a fortune of at least 740,000 Euros.

The calculations also include those people with assets of at least 50 million dollar, or around 39 million euros – in this group, we find 1,766 people in Spain.

Total net assets in the upper strata of society in Spain by 15 percent last year – it while growth in Europe averaged 10.6 percent. Average adult Spaniard owns a 106,000 Euros including homes, cars and other property, and indstående funds. It is little more than the European average of 114,935 Euros, while the figure at the global level, the world is 44,000 Euros.

The uneven distribution of wealth in Spain is under the Bank Credit Suisse measurements close to the same situation in the UK, Australia, Canada, France, Greece, Portugal, Italy and Finland.

But the number has increased as I said during the 2007-2014 economic crisis, which means that economic inequality is marginally larger than when this crisis began seven years ago.

Bank Credit Suisse predicts that household wealth in the world over the next five years will increase by 40 percent. This is not progress in EU countries the increase is to be expected, but in emerging economies such as Brazil, Russia, India and China.

In 2019, ten percent of the world’s wealth in the hands of the rich Chinese people, compared with eight per cent today. The nyarika people together will own 21 percent of the world’s wealth.

Credit Suisse estimates that the number of millionaires in the world over the next five years will increase by 53 percent to 53.2 million people.

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