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Mexico City - There are currently 145,000 Mexican millionaires, according to WealthInsight, a think tank dedicated to monitoring the wealthy. Out of this group, 2,540 are multimillionaires.
In a report released today, WealthInsight said that Mexican millionaires collectively have $736 billion, which means that 1.2% of Mexicans own 43% of the country's individual wealth.
According to the report, by the end of 2012, the 2,540 multimillionaires in Mexico had about $364 billion in combined wealth. Of those multimillionaires:
WealthInsight explained that the statistics come from extensive research into wealth management in Mexico over five years. The report focuses on the performance of High Net Worth Individuals (HNWI) between the end of 2007 (the economic peak before the global financial crisis) and the end of 2012. A person is considered to be a HNWI if financial assets, excluding primary residence, are worth more than $1 million.
The report noted that Mexican millionaires outperformed the average HNWI worldwide during the period analyzed. Mexican HNWIs increased by 32% in the last five years, while the number of people in the world possessing major assets declined by 0.3%.
By the end of 2012, Mexican millionaires kept 21.9% of their wealth (U.S. $161 billion) outside the country. In 2007, it was 23.2%. Spanish original
Businessman Carlos Slim (Photo: Eduardo Miranda)
Mexico City - There are currently 145,000 Mexican millionaires, according to WealthInsight, a think tank dedicated to monitoring the wealthy. Out of this group, 2,540 are multimillionaires.
In a report released today, WealthInsight said that Mexican millionaires collectively have $736 billion, which means that 1.2% of Mexicans own 43% of the country's individual wealth.
According to the report, by the end of 2012, the 2,540 multimillionaires in Mexico had about $364 billion in combined wealth. Of those multimillionaires:
- 16 have more than $1 billion;
- 252 have more than $100 million; and
- 2,272 are "rich millionaires", with more than $2 million.
WealthInsight explained that the statistics come from extensive research into wealth management in Mexico over five years. The report focuses on the performance of High Net Worth Individuals (HNWI) between the end of 2007 (the economic peak before the global financial crisis) and the end of 2012. A person is considered to be a HNWI if financial assets, excluding primary residence, are worth more than $1 million.
The report noted that Mexican millionaires outperformed the average HNWI worldwide during the period analyzed. Mexican HNWIs increased by 32% in the last five years, while the number of people in the world possessing major assets declined by 0.3%.
By the end of 2012, Mexican millionaires kept 21.9% of their wealth (U.S. $161 billion) outside the country. In 2007, it was 23.2%. Spanish original