Rising Tide of Millionaires Worldwide...

Carl,

Maybe it's true. I found an article mentioning "88,000 millionaires in Russia":
http://www.cdi.org/russia/johnson/9174-9.cfm

Add to this the 27 billionaires listed in Forbes Magazine's website:
http://www.forbes.com/static/bill2005/citizen_226.html?passListId=10&passYear=2005&passListType=Person&searchParameter1=unset&searchParameter2=unset&resultsHowMany=25&resultsSortProperties=%252Bstringfield11%252C-numberfield3&resultsSortCategoryName=Country&fromColumnClick=&bktDisplayField=&bktDisplayFieldLength=&category1=category&category2=category&passKeyword=&resultsStart=226

This Luxury Leisure Show will be very interesting indeed.
Arnie

I would like to see a breakdown of what industries these rich folks are in...mostly oil, gas, marine and manufacturing I would think.

Slow down there guys:

Are these 88,000 folks millionaires in Rubles, or Dollars?

There is a wee bit off difference there:
We could all be millionaires, or billionaires in Peso's or Rupe's or goat-dung, or whatever the local soft currency may be.

If these 88,000 Ruskies are indeed millionaires in US $ or Euro's, my hat off to the local economy in the former SR: Most of them probably need a yacht and a membership on this here board!

Bånski...(Russian for drink up my friends and let us celebrate the new yacht)

Norseman,
The first weblink mentioned above (www.cdi.org) quotes a study done by Merrill Lynch w/Capgemini, as part of an analysis of other countries. So we can assume the figures are in US$.
It was indeed surprising to most of us. I'm willing to give the article's publisher the benefit of the doubt on this.
You're right. This 88,000 should be members of this Forum.
Who knows ... some of them probably are. And a lot more are probably lurking around now.
BTW, the article also states there are almost 2.5 million "Millionaires" living in the U.S. alone.
Arnie

88000 roubles millionaires (1 $ = 28 rub)
27 $ billionaires

Jimy,
Thanks for the clarification.
That certainly explains the large number.
Arnie

Looks like the market for luxury yachts is getting bigger!

For 2006, total US$ Billionaires in Russia now total 33.
http://www.forbes.com/lists/2006/10/Citizenship_12.html

Worldwide, the list of billionaires totals -793-.
http://www.forbes.com/home/lists/2006/03/07/06billionaires_worlds-richest-people_land.html

There is also a slideshow on these billionaires' yachts.

(Update to this 1-year old thread)

Millionaires Now Exceed 9 Million Households in US. 80% Report a Net Worth of $1 Million or More in New Survey of Wealthiest 10% of US Households…

http://sev.prnewswire.com/banking-financial-services/20070424/CLTU00324042007-1.html

In addition, the 2007 issue of Forbes Magazine's "The World's Richest People" now lists -946- billionaires.
This is surely a good sign for the yachting industry.

Are they really millionaires, or just deeply in debt? This 45 minute, animated & narrated video exposes money as debt. It also raises some troubling questions...

Money as Debt

So more "old news": LINK