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About 600,000 Joined Millionaire Ranks in 2004

Contributed by mm | June 10, 2005 11:45 AM PST





Millions and millions of millionaires.

From Wall Street Journal:

A strong global economy gave 600,000 people an entree last year into a highly envied group: the world's millionaires.

The annual World Wealth Report, released Thursday by Merrill Lynch & Co. Inc. and the Capgemini Group consulting firm, found that there were 8.3 million people world-wide with $1 million or more in financial assets excluding home real estate -- at the end of 2004, up from 7.7 million a year earlier.

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