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How Many Millionaires?

How Many Millionaires?

Last night, I watched a video presented by Richard Wilson, CEO of the Family Office Club, that I thought did a very good job of covering many of the core, operational and deal flow management problems faced by family offices.  One of the slides showed data on the growing number of centimillionaires (people that have over $100MM in assets) from a recent Knight Frank Wealth Report (which is an excellent source of data on the subject.)  It showed that roughly 1 in every 200,000 people is a centimillionaire - which is, roughly speaking, a population a thousand times smaller than the number of millionaires (1 in 200) that  you might encounter in any given day.  

Here's a handy infographic:
  


A final thought - if you've not visited the site maintained by Care - GlobalRichList.com - you should. Not only does it tell you how much you're worth, and what your wealth is relative to other humans on the planet, it provides some great ideas about how you can put that wealth to work.

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John Sharp

John is a serial entrepreneur and investor, and the co-founding Partner of Hatcher+, a data-driven, globally-focused venture investment platform based in Singapore. In addition to leading capital raising and deal syndication, he is the visionary and architect behind the Hatcher Stack, the company's venture-oriented business process automation platform. Over the past five years, John has led numerous venture investments in early-stage companies, including ASYX, DocDoc, Dropsuite, Invit, Inzen Studio, SocialCops, ThoughtRiver, and Telr - and syndicated over US$100Mn of additional debt and equity co-investment. IPOs and trade sales in which he was acted for the majority shareholder include Dropsuite (ASX:DSE) and Inzen Studio (ASX:ICI). His M&A work includes the merger of payment leader Telr with Dubai-based Innovate Payments, and the merger of Singapore-based companies DocDoc, and DoctorPage. Prior to co-founding Hatcher, John founded cybersecurity technology leader Authentium (acquired by CYREN in 2010), and acted as a director for global payments aggregator Mozido, and an advisor to Africa-based Gateway Communications, satellite technology developer MDS America, Kuwait-based Internet marketplace Sheeel.com, and Orion Partners, a $2B private equity fund manager based in Hong Kong.

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