Japan used to have a lot of billionaires before the collapse of their real estate market. Japan has the second most millionaires.
The Merrill Lynch – Capgemini World’s Wealth Report 2009 defines HNWIs as those who hold at least US$1 million in financial assets and Ultra-HNWIs as those who hold at least US$30 million in financial assets, with both excluding collectibles, consumables, consumer durables and primary residences. The number of ultra high net worth individuals worldwide is estimated at about 80,000-95,000. The 80,000 estimate is for 2008. There was a recovery in 2009.
* U.S. Millionaires Grow 16% to 7.8 Million in 2009 after a sharp decline in 2008.
* Households Worth $5 Million or More Increased 17% to 980,000 (in the USA).
* In addition to the millionaire groups, the broader affluent population, those with a net worth of $500,000 or more (NIPR), grew by 12% in 2009 to 12.7 million (in the USA).