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August 2008

Private banking: Latin American wealth in context

by Jason Mitchell

Latin America and the Caribbean have 10% of the world’s ultra-high-net-worth individuals and 4% of high-net-worth individuals, according to the latest Merrill Lynch/Cap Gemini World wealth report.


Private banking: Quality begins at homeIn total, the region has 400,000 high-net-worth people (defined as those with at least $1 million in financial assets, excluding collectables, consumables, consumer durables and primary residences). It has 10,200 ultra-high-net worth individuals (those with at least $30 million in financial assets). In comparison, North America has 3.3 million high-net-worth individuals and 41,200 with ultra high net worth, and Asia-Pacific has 2.8 million high-net-worth individuals and 20,400 with...


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