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By: Robert Frank
CNBC Reporter & Editor
CNBC Reporter & Editor
America’s millionaire population declined last year for the first time since the financial crisis, according to a new report.
The
population of U.S. millionaire households (households with investible
assets of $1 million or more) fell to 5,134,000 from 5,263,000 in 2011,
according to The Boston Consulting Group’s Global Wealth study.
Total private wealth in North America fell by 0.9 percent, to $38 trillion.
The
ultra-rich were the largest losers in dollar terms. Households in North
America with investible assets of more than $100 million saw their
wealth decline 2.4 percent. Their population declined slightly to 2,928
from 2,989.
The main reason for all this wealth loss? Stocks. READ MORE
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