Business Standard

Chasing the wealthy's $46-trillion assets

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Business Standard
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INVESTMENT AND MANAGEMENT SERVICES FOR HIGH NET WORTH FAMILIES
Family offices around the globe are booming because they're on the right side of the supply-demand equation. The number of people in the world with at least $1 million of investable assets, excluding their primary residence and collectibles, rose 9.2 per cent to a record $12 million in 2012, according to an annual report by Capgemini and RBC Wealth Management. Assets held by the rich grew 10 per cent to $46.2 trillion, driven by gains among people with $30 million or more

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First Published: Aug 17 2013 | 9:21 PM IST

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