The population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report.
The rise of tech wealth, especially in the U.S., has also helped fueled the growth in the super-wealthy.
The number of billionaires in the world has skyrocketed from under 500 in 2003 to more than 2,600 today, according to Forbes and other wealth-tracking firms.
"The value of money has declined, so in dollar terms, you would expect more centi-millionaires," said Andrew Amoils, head of research at New World Wealth.
The U.S. is still the dominant capital of entrepreneurship and centi-millionaires, with 38% of the global population of people worth $100 million or more, according to the report.
Persons:
Andrew Amoils, It's, Amoils
Organizations:
Henley & Partners, Forbes
Locations:
U.S, centi, Asia