HONOLULU (HawaiiNewsNow) - Bloomberg News did a pie chart to show the breakdown of wealth worldwide. This is collective wealth, but in a time when so much wealth is held by a small number of super-rich, this mostly tells you about them. America, Japan and even Germany still have more high net worth individuals than China. But China has 16% more millionaires than it did a year ago. That's a big reason why Asia now has more wealth than North America. Wealth grew around the world last year, but contracted in one large country - Brazil.
And that term, "high net worth individuals" - does it have a technical definition?
Yes: it means millionaires, not counting the value of your home.