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Number Of Millionaires Grew Amid Recession

First Posted: 06/24/10 10:48 AM ET Updated: 05/25/11 05:50 PM ET

Millionaires Recession

EW YORK (Reuters) - The rich grew richer last year, even as the world endured the worst recession in decades.

A stock market rebound helped the world's ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report.

Read the whole story: Reuters

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Filed by Nate C. Hindman  |