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Tuesday 11 September 2018

Canada's ultra-wealthy increases its capital rapidly | CBC News

Author: James Alexander Michie

Before the nations of the United States, Japan, China and Germany were the only ones in possessing more people called as ultra-rich, but now comes a new wealth study which includes Canada.

Likewise, a new wealth study has emerged which states that Canada ranks fifth in the world with respect to the number of people living in a nation with a net capital of at least $ 30 million, established in the same way that this has overtaken Switzerland and Hong Kong.

The New York, Wealth X, the research firm says that Canada owned about 10,840 residents worth $ 30 million or more, including its investable assets in 2017. The $ 30 million figure is not random, that's what that Wealth-X says it takes to be considered a very high net worth individual.

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