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Number of millionaires reaches record, survey says

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By The Associated Press
Friday, June 20, 2014, 12:01 a.m.
 

Nearly 2 million people around the world became millionaires last year, a year-over-year increase of 15 percent, as surging stock and home markets lifted the fortunes of the wealthy. The increase raised the number of millionaires to a record 13.7 million.

A report from consultant Capgemini and the Royal Bank of Canada estimated the combined net worth of millionaires at $53 trillion in 2013. That was up 14 percent from the year earlier — the second-biggest increase since the two companies began issuing wealth reports with comparable data in 2000.

The accelerating pace of wealth accumulation among the affluent coincides with a widening gap between the rich and everyone else in many developed countries.

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