The Wall Street Journal reports that the number of ultraweathly, those with a net worth of $20 million or more, grew by more than 50% between 1998 and 2004. The total wealth of this group grew by two-thirds.
There was a similar jump in the number of people worth between $10 million and $20 million during that same time.
Remember, these numbers reflect growth from a time starting with the Internet bubble and ending after the bubble burst. The biggest asset for these folks was in publicly-traded stock.
How'd you do during those years?
By the way, here are the results of a CBS?New York Times poll in which the delegates to the Republican 2008 convention describe themselves:
There was a similar jump in the number of people worth between $10 million and $20 million during that same time.
Remember, these numbers reflect growth from a time starting with the Internet bubble and ending after the bubble burst. The biggest asset for these folks was in publicly-traded stock.
How'd you do during those years?
By the way, here are the results of a CBS?New York Times poll in which the delegates to the Republican 2008 convention describe themselves:
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