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Wealth Strategies: Even the uber-wealthy feeling the pain

Tuesday, June 19, 2012 - 01:40

June 19 - CapGemini & RBC Wealth Management's latest World Wealth Report finds that volatile markets and the euro zone crisis has even put a dent in the wallets of the world's most affluent population.

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-- -- had any doubt about how the eurozone crisis it's impacting world financial markets consider -- Wealthier feeling the pitch. The latest world wealth report reveals that prop in the eurozone. Proved to be the single most unsettling force for the global economy. And resulted in the first drop in wealth or rich investors since 2008. Global investor wealth contracted to 42 trillion dollars last year that's a drop of one point 7%. As financial markets were more volatile and the economy weakened worldwide. And every region of the globe was hit on the rich investors in the Middle East saw an increase in -- festival well. But that's all doom and gloom in the report the number of people considered to be high net worth with assets more than a million dollars. Increase to around the globe last year. From much of this super rich -- Asia Pacific region has more millionaires than anywhere else on the globe for the first time in history. The top spot used to be held by North America. It bridges remain concentrated in just a few countries the US Japan and Germany still account for more than 50%. Of the world's well. But growing wealth this year could prove to be even more difficult than last year. The world wealth report says global GDP will be slower in 2012. And the eurozone will continue to provide volatility. Shaking investor confidence. I'm Rhonda -- this is Reuters.

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Wealth Strategies: Even the uber-wealthy feeling the pain

Tuesday, June 19, 2012 - 01:40