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5,000 U.S. Households Worth More Than $100 Million, Report Says

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gunfyter

Well-known member
Joined
Mar 25, 2002
Posts
3,785
We are in the right business; at the right time...

All these people need to fly on private jets... :D

The demand for pilots to do what we do is about to explode!

http://www.forbes.com/sites/chloeso...ds-worth-more-than-100-million-report-says-2/

5,000 U.S. Households Worth More Than $100 Million, Report Says

The total number of millionaire households around the world reached a record 17.4 million in 2014, up 13.7% from 15.3 million the year before. Meanwhile, the ultra high net worth set is expected to grow at an equally impressive rate over the next five years. According to the Boston Consulting Group, wealth for the richest global families worth more than $100 million is projected to cross the $18 trillion mark by 2019.

Currently, private wealth held by families with a fortune of more than $100 million total a combined $10 trillion, or roughly 6% of global wealth. Those ultra rich fortunes grew by 11 percent in 2014. To get to $18 trillion by 2019, the report predicts that household wealth will grow at a compound annual rate of about 12 percent in the next five years.

The report, published Monday, says there are more than 5,000 U.S. households worth $100 million or more. China follows with more than 1,000 ultra rich households.

?This top segment is expected to be the fastest growing, in both the number of households and total wealth,? the reports? authors wrote.

In addition, the research shows that the top 1% of households in 2014 made up 42% of total private global wealth.

Keep in mind, the survey only analyzes cash deposits, securities and life and pension plans. That means other big drivers of wealth like real estate, business ownership and collections aren?t included in the estimates.

Forbes? own billionaires list, which analyzes all assets an individual can hold, counts 1,826 individuals from across the world with personal 10-figure fortunes, according to the World Billionaires list released in March. They controled an estimated $7.05 trillion at the time of the report. In the U.S. alone, Forbes estimates that there?s nearing 450 American billionaires.

Many investors are ?benefiting from the markets going up,? senior partner and wealth management expert Bruce Holley said at a Monday briefing. The amount of wealth held in equities rose to 64.1 trillion, up 17.5% from 2013, according to the report.
 
I don't have a "like" button so I'll just say it...like!!
 
Thanks ...

I really think this means we will be moving toward airline pay rates in business aviation.

My fear for all of us is that Netjets might get their contract too soon well before the effect of pilot shortage and a growing economy is realized.
 
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Not to worry...

AUSTRALIAN pilot training schools are bracing for a tidal wave of demand from Asian countries seeking to train thousands of people to fly commercial aircraft.

In its most recent forecast, Boeing predicted an additional 533,000 commercial airline pilots would be needed between now and 2034 and 584,000 maintenance technicians.

Almost half of those, or 261,000, will be required in the Asia Pacific region where much of the growth is occurring due to economic changes in China and India.

http://m.heraldsun.com.au/travel/tr...-pacific-by-2034/story-fni0bieo-1227399225485
 

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