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US presidential elections: What's to come for millionaires in 2016

28 Jan 2015

A new report from WealthInsight looks at millionaires in the US and how the race between the Democrats and Republicans in the upcoming presidential elections will affect the richest in America.

Highlights from the white paper:

  • The US is the country with the highest level of millionaires in the world at 5.23 million in 2013, more than Japan (2.17 million), Germany (1.38 million) and China (1.28 million) combined.
  • US billionaires held more wealth (US$1.85 trillion) than the entire HNWI population of Brazil and Mexico (US$1.77 trillion).
  • 48.5% of US HNWI foreign wealth is invested in European countries, a higher percentage than UK HNWIs (46.8%).
  • New York City is the city with the highest level of HNWIs at 389,100.
  • The US is forecast to have a total HNWI wealth of US$28.82 trillion by 2018.
  • According to Tom Carlisle, analyst at WealthInsight, the upcoming presidential elections will cause a delay in large investments in business and infrastructure: "The way the chambers are structured at the moment means that many HNWI with businesses may wait until the election before making any financial decisions, causing a lull in the economic recovery."

For more information please see attached white paper: 'US President: What's to come for millionaires in 2016'.

Source: Company Press Release

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