Money matters story
Australia's new breed of millionaires
- September 18, 2010
- More millionaires than before GFC
- Entrepreneurs taking risks again
- Fifteen new millionaires a day
A RECORD number of everyday Australians has joined the millionaires' club with a new crowd of entrepreneurs emerging from the global financial crisis.
There are now more millionaires in Australia than before the crisis, with many newcomers taking the plunge on a business idea mid-GFC and striking gold.
While Europe and the US still struggle, Australia's economy has evolved into a rolled-gold millionaires factory, churning out 15 new millionaires a day during the past two years.
More than 180,000 Australians can now count seven digits in their personal fortunes, a 7 per cent increase on the 168,700 recorded millionaires at the start of the GFC in the summer of 2008, according to Capgemini and Merrill Lynch wealth figures.
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