US millionaires now total 10.2 million, which is greater than the entire population of SWEDEN

Mail Online | 3/14/2019 | Nick Enoch for MailOnline
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If you're a budding Bill Gates or Jeff Bezos, take note.

The number of households in the United States worth more than $1million now stands at 10.2million - which is greater than the entire population of Sweden.

Figures - Relate - Worth - Value - Residence

The figures for 2018 relate to those with a net worth of $1million to $5million and does not include the value of their primary residence.

But those in that wealth bracket still have a very long way to go until they reach the dizzying heights of Bezos, the world's richest man: according to Forbes, the owner of Amazon is said to have a net worth of $112billion.

Record - Man - Sweden - Stefan - Persson

(For the record, the richest man is Sweden is Stefan Persson, chairman of fashion company H&M, who's worth $15.8billion.)

While the number of millionaires in the US has increased, the rate of increase has slowed, due to 'weakening global economic growth' and a 'contentious US political environment'.

Year - Number - US - Households - Spectrem

It marks the 10th consecutive year in which the number of wealthy US households has reached a new high, Spectrem Group reported today.

The number of millionaires in this $1m-$5m bracket climbed to 10.23 million - an increase of 250,000 compared with 2017.

Ultra - High - Net - Worth - Market

Meanwhile, the Ultra High Net Worth market - those worth $5million to $25million - grew to 1,397,000 households, an increase of 47,000 from 2017.

(Even that's still peanuts when measured against the world's richest woman Francoise Bettencourt Meyers, with an estimated $44.3bn fortune; she owns a huge stake in L'Oreal.)

Increase - Number - US - Households - Result

'In 2018, the increase in the number of U.S. wealthy households slowed as a result of weakening global economic growth and a contentious U.S. political environment,' said Spectrem Group President George H. Walper, Jr.

'While net household wealth among affluent investors continued to increase last year, it did not match the pace it had experienced in prior years.

'Despite this,...
(Excerpt) Read more at: Mail Online
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