According to the latest report of the Bank Merrill Lynch and the consulting firm Capgemini published in June, are already 10 million, the 8.3% in 2010 and 26% more than in 2008.       

        Investments in Times of Crisis
               World's Billionaires






 Major assets of the world, also known as high net worth individuals, are individuals with an outstanding personal heritage, top one billion of dollars. There are many millionaires that conform to this this category is if we talk about us, the common standard for the determine if one is in the list of large estates, have a minimum of more than one million dollars equity. However, it should be noted that in order to judge who has the profile of this category, should determine not only the financial assets. Other types of assets, such as the pleads of lands and other properties, are not counted in the calculation for the classification. For this reason, there is a large number of people that can seem very rich because of the scope of his property but is not yet considered as the large estates.





According to the latest report of the Bank Merrill Lynch and the consulting firm Capgemini published in June, are already 10 million, the 8.3% in 2010 and 26% more than in 2008. And, above, the richness of the 103,000 highrich (i.e. whose heritage more than $ 30 million) had risen by 11.5% in 2010 and 21.5 per cent in 2009.  traffic news




Four years ago, when the crisis, experts predicted that would decrease the accounts of the highrich. More taxes, perhaps. Or, in any case, that would go into a phase of more discreet, less ostentatious opulence. In the 1930s, for example, Franklin D. Roosevelt was capped at $25,000 annual (then) as a salary limit to the business class (Carl Swebelius, President of a military holding charged 243.000). "After the deprecion of 1929, the ostentatious consumption and financial wealth became a taboo and that lasted three decades".Investments in Times of Crisis  





In spite of this the more wealthy have seen their fortunes increased, by ironic that these data. The list according to forbes is leading her the magnate of telecommunications Carlos Slim, head of America Movil with 74,000 million dollars, followed by Bill Gates and Warren Buffet.


Among the ten richest men in the world are two Asian: Indian magnates Lakshimi Mittal, which ranks six of the list thanks to his company ArcelorMittal, and Mukesh Ambani, owner of Reliance, which stands at number nine, with a fortune valued at $ 27 billion. According to Forbes, Ambani has lost $ 2 billion in a year and has gone from being the fourth richest man in the planet at the ninth. The emerging economies such as China, India, Russia and Brazil, provide 108 of 214 new names added to the list of Forbes. Moscow is the capital with more billionaires in the world, great seventies.

The emergence of Asia is also reflected in the growth of large fortunes: 105 of the new billionaires in the world come from the Asia-Pacific and half of them are Chinese. China became the last year in the second country with the most millionaires in the world, second only to United States.


 The widespread economic crisis was not a brake for Russia double in recent years the number of its billionaires, with the notable presence among the richest depressed metallurgical sector representatives.Investments in Times of Crisis 

This allowed that Russia was located as the first in Europe and the third in the world by the number of people with a fortune of at least one billion dollars, behind only United States (403 magnates) and China (64), while the Russian gross domestic product suffered last year a record of 7.8 percent contraction. A year ago, the crisis had reduced from 110-32 the number of Russian billionaires, while the total fortune of the hundred richest citizens fell in 2008 522 billion to 140 billion dollars.


As explained to the Russian edition of Forbes the Chairman of the editorial group, Steve Forbes, the number of Russian millionaires on the list depends directly on the world prices of raw materials exported by the country and its business elite.


Among other peculiarities, Forbes noted that more prosperous Russian businessmen are closely linked to the State, which tended them hand in hand in the midst of the crisis, but prefer to make their major foreign investment, protecting their capitals of the internal political vagaries. Local experts explained the rebound of the great Russian fortunes with particular policy anti-crisis of the Kremlin, which handed out multi-million dollar grants and credits among large employers, forgetting the small and medium enterprises.




At the World Economic Forum in Davos in January, the most cited article was the rise of the new global elite of Chrystia Freeland, published in the prestigious American magazine The Atlantic. Freeland announced the arrival of a new global class, "a superélite whose members are meritocrats Wanderer who have many studies and work hard". Freeland up turned the expression working poor (i.e., those in the United States.)UU. (not out of poverty or working 40 hours a week), and described this group as the working rich. "They have benefited from the revolution of new technologies of information and globalization of world trade". Unlike those old legacy fortunes (which "become rich while sleeping", according to the famous phrase of John Stuart Mill), this new elite or sleeps in their endless transcontinental flights.
  traffic news



The increase in the concentration of income, which is a natural tendency of the economic system is worrying. If divide the income of the population on income from labour and the rest of the income (earnings, income from capital, net income of companies, etc.) will see that there is a perennial process of concentration; the income of companies, also the return of investments and dividends of the assets, are affected, as well as the income of workers, by technological change and competition.


Differences in the dynamics of growth are fairly significant, if we consider for example the income of households in United States, after taxes and transfers, 20% of the poorest population grew by 18%, while the household income of 20% of the population with higher incomes, except for the richest 1 per cent, grew by 65 percent. The household income of 1% of the population with higher income, grew by 275 per cent in the last three decades. For homes located between 20 per cent of the poorest population and 20% of the richest, i.e. those between 21 and 80%, the income growth was slightly less than 40 per cent.


As result of this growth unequal, the participation in el income total of them homes of each one of them groups mentioned is changed, showing clearly the increase of the inequality and the inefficiency of el effect compensatory of them transfers and taxes Federal in the distribution of Al income of them homes. 1% Of all households with higher incomes in United States, captured nearly 20% of the total income of households in that country, and the richest 20% concentrated more than 50% of this income.

During the 1960s in the USA, the richest one per cent control of 8% of total revenues. Today, that same 1% of the richest people, is 20% of revenues generated by the American economy.

 Characteristics of growth in the capitals.
In his book The Millionaire Next Door, Thomas j. Stanley explains how his research has found that individuals who have attained a high net worth have some things in common.Investments in Times of Crisis  


It first that is highlights is that they live very below their possibilities: is can do a great fortune, but not live of according to that status. They live in an old House, can drive an average car and not spend much money on luxuries of life (often because it did not enjoy them). In an interview with some millionaires when asked if you would like a glass of expensive wine responded that he drinks only two things, whisky and two types of beer - Bud and free. For the rich, who were married, almost always found that husbands were also modest. If one of the spouses is a very consumerist, it is very difficult to put an end to a high net worth.

Second they have chosen the right occupation: those who almost always have a high net worth is doing something they like and they work hard in his chosen career. Only because you not is a businessman or owner of a business does not mean that not is can be rich. You should only choose a career that will provide a reasonably decent income, and living in a way that will lead to the creation of wealth. Find a career that you like best, work hard on it, and live modestly could lead us to the construction of a heritage of great size.  traffic news


Fourthly, they believe that financial independence is more important to show high social status: they do not care about living in the right neighborhood, have a large House, driving vehicles last generation or purchases in the shops of fashion. These high net worth individuals are concerned more in achieving their own financial independence and work toward that goal.


Finally these people spend their time, money and energy efficiently in a manner favourable to the creation of wealth. Large accumulators of wealth spend more of their time on doing the things that lead to the creation of wealth, budgeting, planning and setting goals for their future. They work hard to achieve their goals, and are more likely to spend time to designing these objectives. That they are high income, but they do not have a capital of high net worth, not so much time they spend in these activities. In fact, found that (the prodigious wealth accumulators) spend almost twice as long each month in planning their investments, as the low profile of wealth.Investments in Times of Crisis