Assets held by the world's millionaires rose last year by 11.4%, to $37.2 trillion, a study found.
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Global wealth is expected to expand by 6.8% each year until 2011, boosting the world's wealth to $51.6 trillion, according to the World Wealth Report, from Merrill Lynch & Co. Inc. and Capgemini. That compares with global economic growth of 5.4% in 2006, said the study, which was released June 27.
Wealth grew fastest in 2006 in Latin America (23%), followed by Africa (14%), the Middle East (12%), and the Asia-Pacific region (11%).
