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THE number of millionaires in the world rose by nearly 8 percent last year to an all-time high of around 16.5 million Authentic Tyler Kroft Jersey , with a record total wealth of US$63.5 trillion, according to a report by global consultancy firm Capgemini.
The wealth of high net worth individuals — which Capgemini defines as those with investable assets of US$1 million or more, excluding the primary residence, collectibles and consumables — rose 8.2 percent on the year in 2016 and is on track to surpass US$100 trillion by 2025.
Some 1.15 million people became millionaires last year, the report said.
China, the United States, Japan and Germany boast the highest numbers and together make up for almost two-thirds of the total.
In the US, their ranks rose to 4.8 million from 4.46 million, while the number of millionaires in China rose to 1.13 million from just over 1 million.
The Asia-Pacific region Authentic Jake Fisher Jersey , Europe and North America contributed equally to the rise in wealth, with Russia, Brazil and Canada reversing course from declines a year ago, the report showed.
Russia, helped by a rebound in its stock market, saw the number of millionaires and their wealth grow by about 20 percent.
France overtook Britain in the top five in terms of the number of millionaires, helped by a recovery in real estate, while Sweden knocked Singapore — which saw a decline in its equity markets — out of top 25.
Surveys on millionaires’ financial asset holdings show they held 31.1 percent in equities in the second quarter of 2017, compared with 24.8 percent in 2016.
Fixed income held steady at 18 percent Authentic Cedric Ogbuehi Jersey , while cash grew to 27.3 percent from 23.5 percent.
Alternative investments, such as hedge funds, derivatives, foreign currency, commodities and private equity, fell to 9.7 percent from 15.7 percent.
The report did not go into the reasons for the reallocation, but stronger global growth, coupled with hefty liquidity after years of unprecedented stimulus by global central banks, have pushed stock markets around the world to record highs.
On the other hand Authentic Josh Malone Jersey , investors are wary of geopolitical risks, with tensions growing between the US and North Korea, and are uncertain about the effect the US Federal Reserve’s exit from unconventional stimulus might have on economies and markets.
Millionaires saw a 24.3 percent return on average on investment portfolios overseen by wealth managers.
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PARIS, July 18 (Xinhua) -- Following are the team classifications from Tour de France 14th stage, a 178.5km ride from Rodez to Mende on Saturday:
Stage
1. AG2R, 13:18:45
2. FDJ, at 57 seconds
3. Movistar, 1:31
4. Tinkoff, 4:48
5. BMC Racing Authentic Carl Lawson Jersey , 4:53
Overall
1. Movistar, 169:24:33
2. Team Sky, at 13:54
3. Tinkoff-Saxo, 30:28
4. Astana, 36:07
5. BMC Racing, 37:42
6. AG2R la Mondiale, 46:36
7. LottoNL, 50:25
8. MTN, 52:32
9. Europcar Authentic Jordan Willis Jersey , 1:02:25
10. IAM Cycling, 1:13:48
11. Trek, 1:32:16
12. Cannondale, 1:35:47
13. Katusha, 1:48:03
14. Lotto, 1:50:31
15. Giant, 1:50:31
16. FDJ, 1:56:05
17. Bora, 2:02:46
18. Bretagne Authentic Nick Vigil Jersey , 2:29:52
19. Cofidis, 2:37:45
20. Etixx-Quick Step, 2:55:20
21. Lampre-Merida, 3:03:36
22. Orica, 4:35:28
UNITED NATIONS, Oct. 12 (Xinhua) -- United Nations Secretary-General Antonio Guterres on Thursday expressed his "deep regret" over the U.S. decision to withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO).
"The Secretary-General regrets this development deeply, considering the major U.S. role in UNESCO since its founding," Guterres' deputy spokesman Farhan Haq said in a statement.
The U.S. government announced on Thursday that it would withdraw from UNESCO Authentic Joe Mixon Jersey , after years of America distancing itself from the UN organization because of what it called the group's "anti-Israel bias."
BEIJING, Oct. 18 (Xinhua) -- Socialism with Chinese characteristics has crossed the threshold into a new era, Xi Jinping said Wednesday at the opening of the 19th National Congress of the Communist Party of China (CPC).
It will be an era of securing a decisive victory in building a moderately prosperous society in all respects, and of moving on to all-out efforts to build a great modern socialist country, he said while delivering a report.
It will also be an era that sees China moving closer to center stage and making greater contributions to mankind, he said.
The Chinese nation, which since modern times began had endured so much for so long, has achieved a tremendous transformation -- it has stood up, grown rich Authentic John Ross Jersey , and become strong, he said.
Socialism with Chinese characteristics entering a new era means that scientific socialism is full of vitality in 21st century China, and that the banner of socialism with Chinese characteristics is now flying high and proud for all to see, he said.
It means that the path, the theory, the system, and the culture of socialism with Chinese characteristics have kept developing, blazing a new trail for other developing countries to achieve modernization. It offers a new option for other countries and nations who want to speed up their development while preserving their independence; and it offers Chinese wisdom and a Chinese approach to solving the problems facing mankind, he said.
Xi said the principal contradiction facing Chinese society has evolved into one "between unbalanced and inadequate development and the people's ever-growing needs for a better life."
The needs to be met for the people to live a better life are increasingly broad. Not only have their material and cultural needs grown; their demands for democracy Authentic Dre Kirkpatrick Jersey , rule of law, fairness and justice, security, and a better environment are increasing, he said.
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