Millionaires roster grows to 10.1 million members globally in 2007

More millionaires and their wealth to reach 5900 billions in 2012. Total wealth in world today about or around 6000 billion in 2008.

Which nations do these millionaire people, live in, how their nations distributing wealth, maintaining fairness, maintaining social order/peace among citizens and preventing degradations via wealth abuse.Do these millionaires live a free life and are loved by all.

Making money by millionaires, should be done by the proper correct way without abuse of people and other degraded money making ways. This is the best way for all nations. Degraded millionaires money, is not good for maintenance of good values in nations.

let me be the first to say it, the rich is getting rich and the poor.....well yea u know

If only I had another $950,000!

Oh well, maybe next year.

That statistic is without taking into account of the "Thieves" like Myanmar's generals who have been pocketing the country's natural resources behind the scene.

let me be the first to say it, the rich is getting rich and the poor.....well yea u know

In fairly free nations like the US and Japan one primary reason the rich get richer and poor get poorer is obvious: The rich continue to follow sound financial principles (spend less than you earn, take initiative and personal responsibility) while the poor continue to follow unsound financial principles (don't separate wants and needs, get what you want now with debt, place your financial reliance in the government).

Sure, there are exceptions to what I've stated above, but, generalizing, I'm more right than wrong.

In fairly free nations like the US and Japan one primary reason the rich get richer and poor get poorer is obvious: The rich continue to follow sound financial principles (have money to start off with, get an education paid for by Daddy, have good connections, have money you don't need that you can invest long-term) while the poor continue to follow unsound financial principles (start off in debt, be able to afford little to no education, pay relatively more in social premiums, spend a greater part of your income on luxuries like food and shelter).

Sorry cleo, but there've been way too many people who've been financially successful regardless of their financial beginnings for your whining argument to hold water. Likewise, there've been many cases of wealth being squandered within one generation.

No one in the U.S. starts off their adult life "in debt". The parent's indebtedness doesn't pass to the child.

Many college students still work their way through college and the experience enriches their education.

One rich citizen pays far more in taxes than the poor citizen (many pay none) and yet receives only one vote and much less back in "social services" from the government.

I agree with you that food and shelter represent a larger proportion of lower-income families' expenses. The problem is that many of these families seem willing to pay for "wants" such as tobacco, alcohol, cable TV, internet, cell phones, and lottery tickets before they've paid the rent, utilities or basic food items.

As I posted earlier, there are exceptions on one hand (like the Kennedy's) and on the other where an industrious family is struck by serious illness. However, accruing wealth (the focus of this article is "new" millionaires) is most likely to be gained by following sound financial principles. Indebtedness is increased by following unsound financial principles.

sdmsec - Yes, I know, not every pauper stays a pauper, not every rich kid stays a rich kid. My parents were born dirt-poor, I was born poor, my kids were born comfortable and I'm hoping my grandkids will be born extremely affluent and go on to do still better. Rome wasn't built in a day, but standing on the shoulders of your parents does help give you a leg-up.

People aren't only 'rich' or 'poor' - most folk in Japan (dunno about the US) are in the middle.

No one in the U.S. starts off their adult life "in debt".

Like I said, I dunno about the US, but I know lots of college grads in the UK start off adult life deeply in debt, with huge student loans hanging round their necks.

My own kids here in Japan both had jobs through their college years which as you say has enriched their education, but they never earned enough to pay their way. The system simply doesn't work that way. So if Mr cleo and I weren't picking up the bills, they'd either have huge debts now or they'd not be able to have a college education in the first place. Note that not all parents are willing and/or able to pick up the tab.

Don't get me wrong - I'm not saying that it's impossible for a poor person to do well. But Confucius he say, To be successful and make large fortune, first start with small fortune.

A poor person on minimum wage never became a millionaire simply by tightening his belt. If I had a dead-end job that paid peanuts and little prospect of doing better, I'd probably want to watch a bit of telly and enjoy a drink now and then, too.

(My original post was tongue in cheek more than anything - I was just prodding you. Forgive me. :-))

FYI: As soon as I posted the words, "whining argument", I wished there was a way on JT to edit my own post. Sorry I used that language.

Without the post editing ability on JT it's like speaking in the heat of the moment: sometimes things fly out that I regret.