MILLIONAIRES

Money makes the world go around

 

 

Katherine Hudson marketing director

 

Katherine Hudson - Sussex business woman of the year 2011

 

 

A millionaire  is an individual who resides in a household whose net worth or wealth exceeds one million units of any currency. It can also be a person who owns 1 million units of currency in one bank account or savings account. A multimillionaire has a net worth of more than two million units of currency and a hectomillionaire has a net worth of more than 100 million units of currency, but the technically incorrect centimillionaire (net worth of 10 thousand units, strictly speaking) is more often used to mean the same thing. While statistics regarding financial assets and net worth are presented by household, the term is also often used to describe only the individual who has amassed the assets as millionaire. That is, even though the term statistically refers only to households, common usage is often in reference only to an individual.

 

Depending on the currency, a certain level of prestige is associated with being a millionaire, which makes that amount of wealth a goal for many. The status of millionaire, however, is no longer as exclusive as it once was. The increasing number of millionaires is partially due to inflation: a million United States Dollars, for example, provides far less purchasing power today than it did in the 19th century. Nevertheless, it still ensures a priveleged lifestyle for those becoming millionaires. American sociologist Leonard Beeghley classifies all households with net worths exceeding $1 million as "the rich."

 

 

Net worth vs. financial assets

 

Recently there has been some controversy over how to correctly determine a person's status as a millionaire. One of the two most commonly used measurements is net worth, which counts the total value of all property owned by a household minus the household's debts. According to this definition, a household owning an $800k home, $50k furnishing, two cars worth $60k, a $60k IRA, $45k in mutual funds, and a $325k vacation home with a $250k mortgage, $40k in car loans, and $25k in credit card debt would be worth $1,025,000 and every individual in this household would thus be a millionaire. However, according to the financial assets measurement, equity in one's principal residence is excluded. So are all other fixed assets, such as the car and furniture.

 

While millionaires constitute only a small percentage of the population, they hold vast control over economic resources with the most powerful and prominent individuals usually ranking among them. Forbes and Fortune magazines maintain lists of people based on their net worth and are generally considered authorities on the subject. According to Forbes' latest annual list of the richest people published in 2007 there are 946 US-dollar billionaires in the world. The number of millionaires is much higher.

 

 

Multimillionaire

 

Another commonly used term is multimillionaire. As the term implies, multimillionaire applies to those individuals residing in households with a net worth or wealth of two million or more. Only a small minority of millionaire households are indeed multimillionaire households, yet many of the stereotypical millionaires shown in televisions programs such as "The OC" are actually multimillionaires. The term also has a more prestigious connotation than millionaire.

 

Roughly 1.0% of high net worth individuals (HNWIs) can also correctly be identified as ultra-high-net-worth individuals (ultra-HNWIs), those who reside in households with a net worth or wealth of 30 million or more. There are approximately 95,000 ultra-HNWIs in the world with 61,600 or 64.8% residing in the United States and Europe.

 

 

Number of millionaires in the world

 

The "World Wealth Report" is a report on individuals with a net worth of at least $1 million in all assets except their "primary residence". The report is compiled annually by Capgemini for Merrill Lynch.

 

World Wealth Report 2007 - "The 11th annual World Wealth Report from Merrill Lynch/Capgemini finds the World’s High Net Worth (HNW) population growing to 9.5 million with their assets rising to $37.2 trillion."

 

Some growth in international wealth and the number of high net worth individuals can be attributed to the weakness of the US dollar, as stated in the report.

 

 

HNWIs (more than $1 million, in 2006)

Region

Number

Percentage of regional population

Global

9,500,000

0.15%

North America

3,200,000

0.62%

Europe

2,900,000

0.41%

Asia-Pacific

2,600,000

0.06%

Latin America

400,000

0.07%

Middle East

300,000

N/A

Africa

100,000

0.01%

 

 

  • Ultra-HNWIs (Ultra-HNWIs Account for 1.0% of All HNWIs) (more than $30 million, in 2006)

 

UHNWIs (more than $30 million, in 2006)

Region

Number

Percentage of regional population

Global

95,000

0.001%

North America

38,400

0.007%

Europe

23,200

0.003%

Asia-Pacific

18,200

0.0004%

Latin America

9,600

0.002%

Middle East

3,300

N/A

Africa

2,000

0.00002%

 

 

Scotland has more female millionaires than male. 

 

 

United States

 

There is a wide disparity in the estimates of the number of millionaires residing currently in the United States. According to TNS Financial Services, as reported by CNN Money, 8.9 million households in the US alone had a net worth of at least $1 million excluding primary residences in 2005. Millionaire households thus constituted roughly seven percent of all American households. The study also found that half of all millionaire households in the US were headed by retirees. Another finding was a record "33 percent increase over the 6.2 million households that met that criteria in 2003," fueled largely by the country's real estate boom.

 

A report by Capgemini for Merrill Lynch on the other hand stated that there are approximately 1,900,000 households in North America whose net worth exceeds 1 million US dollars (which include "private equity holdings stated at book value, ...publicly quoted equities, bonds, funds and cash deposits.. offshore investments are theoretically accounted for, but only insofar as countries are able to make accurate estimates.." as well as real estate not used for primary residences) (p. 30)).

 

These two very different numbers come from very different methodologies. TNS Financial Services uses household surveys and extrapolates the data from their sample across the entire US population. Merrill Lynch/Capgemini use macroeconomic analysis, estimating the total wealth of a country and its distribution among the population, and deriving from these estimates the number of high net worth individuals.

 

 

Entertainment

 

Great wealth and its consequences is a popular theme in fiction. The Millionaire was the title of a 1955 TV series about an unseen man of wealth who gave away $1,000,000 to a different person each episode, and a 1931 motion picture about a retired millionaire who buys a gas station to ease his boredom. Millionaire is also a common nickname of the international quiz show Who Wants to Be a Millionaire?, first hosted in the UK by Chris Tarrant, and later in the US by Regis Philbin and Meredith Vieira. Who Wants to Be a Super Millionaire also aired in the US, where contestants could win a total of $10,000,000. Many reality TV shows offer one million dollars as first prize.

 

Millionaire characters are also heavily used throughout entertainment programs. The heavy use of millionaire characters in televisions shows has led to the creation of stereotypes for persons whose net worth or wealth exceeds the amount of one million. Perhaps the most famous characterisations of millionaires on television shows and in movies are the evil businessman, the starlet, the ruthless lawyer and banker as well as the corrupt politician and their materialistic off-spring.. These shows often portray their millionaire characters in a lifestyle of complete excess, that is far out of reach for most net worth based millionaires in the US. It should also be noted that, as with most stereotypes, the millionaire stereotypes created by entertainment broadcasts and productions are not representative of the diverse population that reside in millionaire households.

 

 

 

 

 

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LINKS and REFERENCE

 

 

 

Top Billionaires reported by Forbes

 

 

#

Name

Net Worth

Citizenship

Source

1

William H. Gates III

US$56.0 billion 

 United States

Microsoft

2

Carlos Slim Helú

US$53.1 billion 

 Mexico

Telmex, América Móvil, Grupo Carso

3

Warren Buffett

US$52.4 billion 

 United States

Berkshire Hathaway, Investments

4

Ingvar Kamprad

US$33.0 billion 

 Sweden

IKEA, Real Estate

5

Lakshmi Mittal

US$32.0 billion 

 India

Arcelor Mittal

6

Sheldon Adelson

US$26.5 billion 

 United States

Las Vegas Sands

7

Bernard Arnault

US$26.0 billion 

 France

Louis Vuitton

8

Amancio Ortega

US$24.0 billion 

 Spain

Inditex Group

9

Li Ka-shing

US$23.0 billion 

 Hong Kong

Cheung Kong Holdings, Hutchison Whampoa

10

David Thomson and family

US$22.0 billion 

 Canada

Thomson Corporation

11

Lawrence Ellison

US$21.5 billion 

 United States

Oracle Corporation

12

Liliane Bettencourt

US$20.7 billion 

 France

L'Oréal

13

Prince Alwaleed Bin Talal Alsaud

US$20.3 billion 

 Saudi Arabia

Kingdom Holding Company

14

Mukesh Ambani

US$20.1 billion 

 India

Reliance Industries Ltd

15

Karl Albrecht

US$20.0 billion 

 Germany

ALDI

16

Roman Abramovich

US$18.7 billion 

 Russia

Millhouse Capital

17

Stefan Persson

US$18.4 billion 

 Sweden

Hennes & Mauritz

18

Anil Ambani

US$18.2 billion 

 India

Anil Dhirubhai Ambani Group

19

Paul Allen

US$18.0 billion 

 United States

Microsoft

20

Theo Albrecht

US$17.5 billion 

 Germany

ALDI

21

Azim Premji

US$17.1 billion 

 India

Wipro Technologies

22

Lee Shau Kee

US$17.0 billion 

 Hong Kong

Henderson Land Development

23

Jim Walton

US$16.8 billion 

 United States

Wal-Mart

24

Christy Walton and family

US$16.7 billion 

 United States

Wal-Mart

24

S. Robson Walton

US$16.7 billion 

 United States

Wal-Mart

26

Sergey Brin

US$16.6 billion 

 United States

Google

26

Larry Page

US$16.6 billion 

 United States

Google

26

Alice Walton

US$16.6 billion 

 United States

Wal-Mart

29

Helen Walton

US$16.4 billion 

 United States

Wal-Mart

30

Michael Dell

US$15.8 billion 

 United States

Dell

31

Steven Ballmer

US$15.0 billion 

 United States

Microsoft

31

Kirk Kerkorian

US$15.0 billion 

 United States

Tracinda Corporation

31

Raymond, Thomas and Walter Kwok

US$15.0 billion 

 Hong Kong

Sun Hung Kai & Company

34

François Pinault

US$14.5 billion 

 France

PPR

35

Suleiman Kerimov

US$14.4 billion 

 Russia

Gazprom, Sberbank

36

Vladimir Lisin

US$14.3 billion 

 Russia

Novolipetsk Steel

37

Jack C. Taylor and family

US$13.9 billion 

 United States

Enterprise Rent-A-Car

38

Vladimir Potanin

US$13.5 billion 

 Russia

Interros

38

Mikhail Prokhorov

US$13.5 billion 

 Russia

Interros

40

Oleg Deripaska

US$13.3 billion 

 Russia

Rusal

40

Michael Otto and family

US$13.3 billion 

 Germany

Otto GmbH

42

Carl Icahn

US$13.0 billion 

 United States

TWA

42

Abigail Johnson

US$13.0 billion 

 United States

Fidelity Investments

44

Adolf Merckle

US$12.8 billion 

 Germany

Phoenix Pharmahandel

45

Barbara Cox Anthony

US$12.6 billion 

 United States

Cox Enterprises

45

Anne Cox Chambers

US$12.6 billion 

 United States

Cox Enterprises

45

Mikhail Fridman

US$12.6 billion 

 Russia

Alfa Group

48

Vagit Alekperov

US$12.4 billion 

 Russia

LUKoil

49

Charles Koch

US$12.0 billion 

 United States

Koch Industries

49

David Koch

US$12.0 billion 

 United States

Koch Industries

51

Silvio Berlusconi and family

US$11.8 billion 

 Italy

Fininvest

52

Nasser Al-Kharafi and family

US$11.5 billion 

 Kuwait

M. A. Kharafi & Sons

52

Leonardo Del Vecchio

US$11.5 billion 

 Italy

Luxottica

54

Alexei Mordashov

US$11.2 billion 

 Russia

Severstal

55

Duke of Westminster and family

US$11.0 billion 

 United Kingdom

Grosvenor Group

55

Spiro Latsis and family

US$11.0 billion 

 Greece

EFG Bank Group

55

Birgit Rausing and family

US$11.0 billion 

 Switzerland

Tetra Laval

58

Forrest Edward Mars, Jr.

US$10.5 billion 

 United States

Mars, Incorporated

58

Jacqueline Mars

US$10.5 billion 

 United States

Mars, Incorporated

58

John Mars

US$10.5 billion 

 United States

Mars, Incorporated

61

Viktor Vekselberg

US$10.4 billion 

 Russia

Renova Group

62

Serge Dassault and family

US$10.0 billion 

 France

Dassault Group

62

Charles Ergen

US$10.0 billion 

 United States

EchoStar Communications Corporation

62

Michele Ferrero and family

US$10.0 billion 

 Italy

Ferrero SpA

62

Naguib Sawiris

US$10.0 billion 

 Egypt

Orascom Telecom Holding

62

Kushal Pal Singh

US$10.0 billion

 India

DLF Group

62

Alain and Gerard Wertheimer

US$10.0 billion

 France

Chanel

68

Susanne Klatten

US$9.6 billion 

 Germany

Altana

69

Philip Knight

US$9.5 billion 

 United States

Nike Inc.

69

Sunil Mittal and family

US$9.5 billion 

 India

Bharti Telecom

71

John Kluge

US$9.1 billion 

 United States

Metromedia

71

Vladimir Yevtushenkov

US$9.1 billion 

 Russia

Sistema

73

Rupert Murdoch

US$9.0 billion 

 United States

News Corporation

73

Hans Rausing

US$9.0 billion 

 Sweden

Tetra Laval

73

Reinhold Würth

US$9.0 billion 

 Germany

Würth

76

Ernesto Bertarelli

US$8.8 billion 

 Switzerland

Serono

76

Pierre Omidyar

US$8.8 billion 

 United States

eBay

78

Maria-Elisabeth and Georg Schaeffler

US$8.7 billion 

 Germany

Schaeffler Group

79

Rafael del Pino and family

US$8.6 billion 

 Spain

Ferrovial

80

Donald Bren

US$8.5 billion 

 United States

Irvine Company

80

George Kaiser

US$8.5 billion 

 United States

BOK Financial Corporation

80

George Soros

US$8.5 billion 

 United States

Soros Fund Management

83

Nikolai Tsvetkov

US$8.4 billion 

 Russia

Nikoil Financial

83

August von Finck

US$8.4 billion 

 Germany

Allianz

85

Dan Duncan

US$8.2 billion 

 United States

Enterprise Products

86

Mohammed Al Amoudi

US$8.0 billion 

 Saudi Arabia
 Ethiopia

Corral Petroleum Holdings

86

Abdul Aziz Al Ghurair and family

US$8.0 billion 

 United Arab Emirates

MashreqBank

86

Kumar Birla

US$8.0 billion 

 India

Aditya Birla Group

86

German Khan

US$8.0 billion 

 Russia

Alfa-Eco

86

Iskander Makhmudov

US$8.0 billion 

 Russia

Uralskaya Gorno-Metallurgicheskaya Kompaniya

86

Sumner Redstone

US$8.0 billion 

 United States

National Amusements

86

Shashi and Ravi Ruia

US$8.0 billion 

 India

Essar

93

Philip Anschutz

US$7.9 billion 

 United States

The Anschutz Corporation

93

Galen Weston and family

US$7.9 billion 

 Canada

Associated British Foods

95

Enrique Bañuelos

US$7.7 billion 

 Spain

Astroc

96

Stefan Quandt

US$7.6 billion 

 Germany

BMW

97

Maan Al-Sanea

US$7.5 billion 

 Saudi Arabia

Saad Group

97

Edward Johnson III

US$7.5 billion 

 United States

Fidelity Investments

99

Sulaiman Al Rajhi

US$7.4 billion 

 Saudi Arabia

Al-Rajhi Bank

100

Donald Newhouse

US$7.3 billion 

 United States

Condé Nast Publications

100

Samuel Newhouse Jr

US$7.3 billion 

 United States

Condé Nast Publications

 

 

 

Forbes The Top 20

  1. William Gates III

  2. Warren Buffett

  3. Carlos Slim Helú

  4. Ingvar Kamprad

  5. Lakshmi Mittal

  6. Sheldon Adelson

  7. Bernard Arnault

  8. Amancio Ortega

  9. Li Ka-shing

  10. David Thomson

  11. Larry Ellison

  12. Liliane Bettencourt

  13. Prince Alwaleed

  14. Mukesh Ambani

  15. Karl Albrecht

  16. Roman Abramovich

  17. Stefan Persson

  18. Anil Ambani

  19. Paul Allen

  20. Theo Albrecht

 

 

Unless you live on a desert island, you could not survive in the modern world without it.

 

 

International Accumulation of Foreign Reserve currencies

 

Currency

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

US dollar

65.2%

69.3%

70.9%

70.5%

70.7%

66.5%

65.8%

65.9%

66.4%

65.7%

 

Euro

-

-

17.9%

18.8%

19.8%

24.2%

25.3%

24.9%

24.3%

25.2%

 

German Mark

14.5%

13.8%

-

-

-

-

-

-

-

-

 

Pound sterling

2.6%

2.7%

2.9%

2.8%

2.7%

2.9%

2.6%

3.3%

3.6%

4.2%

 

Japanese yen

5.8%

6.2%

6.4%

6.3%

5.2%

4.5%

4.1%

3.9%

3.7%

3.2%

 

French franc

1.4%

1.6%

-

-

-

-

-

-

-

-

 

Swiss franc

0.4%

0.3%

0.2%

0.3%

0.3%

0.4%

0.2%

0.2%

0.1%

0.2%

 

Other

10.2%

6.1%

1.6%

1.4%

1.2%

1.4%

1.9%

1.8%

1.9%

1.5%

 

Russian Rouble

 

 

 

 

 

 

 

 

 

 

 

Dinar

 

 

 

 

 

 

 

 

 

 

 

Indian Rupee

 

 

 

 

 

 

 

 

 

 

 

S. African Rand

 

 

 

 

 

 

 

 

 

 

 

Chinese Yuan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MONEY FINDER

 

 

 

ABBEY NATIONAL

ALLIANCE & LEICESTER

ALLIED IRISH

ALTERNATIVE INVESTMENTS

ANGELS

ANZ BANK AUSTRALIA

BANK OF AMERICA

BANK OF TOKYO JAPAN

BANK ONE USA

BANKS

BARCLAYS - UK

BAYERISCHE LANDESBANK - Germany

BNP PARIBAS GROUP - France

BILLIONAIRES

BRISTOL & WEST

BRITISH NATIONAL BUSINESS ANGELS

BRITISH VENTURE CAPITAL FIRMS

BUILDING SOCIETIES A - Z

BUSINESS PLAN

CAHOOT

CANADIAN IMPERIAL BANK - Canada

CHASE MANHATTAN - US

CITIBANK - US

COMEICA BANK - US

CREDIT CARDS

CREDIT LYONNIAS - France

DEUTSCHE BANK - Germany

DOW JONES

DRAGONS DEN

DRESDNER BANK - Germany

ECONOMICS

ELECTRONIC MONEY TRANSFERS

ENTREPRENEUR

EQUITY HOUSES

FINANCIER

FIRST DIRECT

FLEET - US 

FORBES 100 RICHEST

FORBES 500

FOREX INVESTMENTS

FORTUNE 500

FOUNDATIONS - GATES

FTSE

FUJI BANK - JAPAN

HALIFAX

HOLDING COMPANY

HONG KONG STOCK EXCHANGE

HSBC

HSBC BANK USA - UK

HSBC - HK

IMPERIAL BANK - US

INSURANCE

 

 

INVESTORS INDEX

IMF

J PIERPOINT MORGAN

JOHANNESBURG STOCK EXCHANGE

LA SALLE BANK - US

LOANS

LONDON STOCK EXCHANGE - MARKET

LLOYDS

MADRID STOCK EXCHANGE

MARKET CAPITALISATION

MAYBANK - Malaysia

MONEY

MONEY LAUNDERING

MORTGAGES

NASDAQ

NATIONAL AUSTRALIA BANK GROUP

NATIONAL LOTTERY

NATIONAL WESTMINSTER BANK

NATIONAL BUSINESS ANGEL NETWORK

NATIONAL CITY BANK - US

NEW YORK STOCK EXCHANGE

OFFSHORE BANKING

PENSIONS

PLCs

RBS ROYAL BANK OF SCOTLAND

SANWA BANK - Japan

SAVINGS

SHAREHOLDERS

SHARES, STOCKS, DIVIDENDS

SHELL COMPANIES

SIAM COMMERCIAL BANK - Thailand

SOCIETE GENERALE - France

SOUTHERN BANK BERHAD - Malyasia

STANDARD CHARTERED BANK - UK

STATE STREET BANK - US

STOCKS AND SHARES

SUMITOMO MITSUI BANK - Japan

SWISS BANK ACCOUNTS

TAX HAVENS

THAI FARMERS BANK - Thailand

THE AMERICAN DOLLAR

THE POUND STERLING

TORONTO DOMINION BANK - Canada

TRUSTS

UBS AG - Switzerland

UNION BANK OF CALIFORNIA

VENTURE CAPITAL

WALL STREET

WELLS FARGO - US

WEST DEUTSCHE LANDESBANK - Germany

WORLD BANK

WOOLWICH

 

 

 

 

 

 

SECTASAUR - the movie:  INVESTOR EQUITY SHARE OPPORTUNITY

 

  Blueplanet Productions  2014 - 2016

The Adventures of John Storm:  SECTASAUR™ © BH Ltd MMXIII

 

Title:

Sectasaur

.

Format:

HD 3D digital*

to HD DVD Blu-Ray

Ratio:

20 to 1*

.

Runtime:

90 minutes

.

Pre-production:

20 weeks

.

Shooting:

9 weeks

.

Post-production

16 weeks

.

Budget

£10 million

.

Est Gross

£70 million

.

 

  Blueplanet Universal Productions     SECTASAUR™ © BH Ltd MMXIII

 

 

A low budget British sci-fi adventure to be shot in HD 3D digital format. A discovery in the ice scientists would die for leads our hero to the Antarctic, but the archaeological expedition soon turns into a fight for survival of the human race.

 

 

  

This website is copyright © 1991- 2013 Electrick Publications. All rights reserved. The bird logo and names Solar Navigator and Blueplanet Ecostar are trademarks ™.  The Blueplanet vehicle configuration is registered ®.  All other trademarks hereby acknowledged and please note that this project should not be confused with the Australian: 'World Solar Challenge'™which is a superb road vehicle endurance race from Darwin to Adelaide.  Max Energy Limited is an educational charity working hard to promote world peace.

 

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