China had 340-thousand millionaires in 2009, the fourth highest number in the world in spite of an 11 percent decrease from the year before, according to the 2010 edition of “The Wealth Report” released by Citi Private Bank.
Investible assets of each person in this group, called the High-Net-Worth Individuals (HNWI), total between $1m and $10m, excluding their principal residence.
The survey of global wealth distribution saw a sharp drop in the number of HNWIs as few corners of the world were left untouched by net asset value erosion.
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