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Boston consulting group

June 11, 2014

A huge surge in private wealth has created more than a million new millionaires, according to new research released by Boston Consulting Group (BCG).

A huge surge in private wealth has created more than a million new millionaires, according to new research released by Boston Consulting Group (BCG).

According to their report Global Wealth 2014, the amount of private wealth held by households across the globe rose by 14.6% in 2013 to reach a total of $152 trillion (€112 trillion) by the end of the financial year. 

November 28, 2011

Ancient Mesopotamia knew how to deal with bankers. Every time a new monarch ascended to the throne, he would order all outstanding debts to be forgiven: the slates on which loans were recorded were literally swept clean.

Ancient Mesopotamia knew how to deal with bankers. Every time a new monarch ascended to the throne, he would order all outstanding debts to be forgiven: the slates on which loans were recorded were literally swept clean.

This was bad news for the people who advanced loans, but a relief to the common people, happy to pledge loyalty to their new monarch by way of return. The tradition began in Lagash, now in southern Iraq, in 2400 BC and lasted for generations.

September 5, 2008

Private wealth around the globe increased 5% to $109.5 trillion last year, according to a new report on global wealth by Boston Consulting Group.

Private wealth around the globe increased 5% to $109.5 trillion last year, according to a new report on global wealth by Boston Consulting Group.

Most of the growth was centred in developing markets such as the Middle East and China, however, North America remained the wealthiest region with $39.2 trillion assets under management. Wealth in Asia totalled about $25.5 trillion in 2007, with Japan accounting for nearly half of this.

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