Canada’s richest boast total wealth of $979B
TORONTO — Canada’s millionaire ranks swelled 7.2 per cent last year, helping secure North America’s ranking as the wealthiest region in the world, according to a report by Cap Gemini SA and Royal Bank of Canada.
The number of Canadians with at least $1 million US in investable assets climbed to 320,000 people, with a collective wealth of $979 billion, according to the report. That’s about one per cent of Canada’s 35 million population.
North America’s rich climbed 16 per cent to 4.33 million people in 2013, holding $14.9 trillion of investable assets, the report said.
The wealth of the world’s millionaires rose 14 per cent to a record $52.6 trillion last year, as improving economies and equity markets added 1.76 million people to the global wealthy, according to the report. The wealth of those people is forecast to rise to $64.3 trillion by 2016, led by growth in the AsiaPacific region.