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.
The Best Investor Deck Ever|
The Most Unrewarding, Misunderstood, Underrated Job on the Planet|
Venture Capital Simplified - The Rule of 5X|
The AI-Powered, Highly-Automated, Global-Diversified, Exchange-Tradable VC|
AI and Machine Learning: The Poincare Five Step Process|
|The Power of Venture|
|US Immigrants Are Vital To VC Returns|
|Hatcher+ v2.0 Release|
|The Golden (Selection) Ratio|
|The Time-Traveling VC|
|We Created a Venture ETN - Here's Why|
|The Crane's Neck - Using Data To Improve Startup Portfolio Construction|
|Leveraging industry expertise – best practices from the accelerator universe|
|8 Easy Places To Start Up|
|Your Startup Should be in an Accelerator|