Mexico's Millionaire Classes are Growing Frontera NorteSur
go to original July 8, 2013

A Great Recession? Not for Mexico's rich. In fact, the number of people in the Mexican Republic defined as wealthy by the corporate research outfit WealthInsight grew by almost a third between late 2007 and late 2012, a time when high unemployment and hard times had most people scrambling to make ends meet.

According to WealthInsight, the total number of Mexican residents who held wealth valued at more than one million dollars (minus their principal home) reached 145,000 at the end of last year. Of this group, 2,450 people were classified as multi-millionaires.

Overall, the millionaire-plus class possessed a fortune of $736 billion, or 43 percent of the entire amount of individual wealth in Mexico. Sixteen persons were identified as falling in the billionaire category. The 2010 Census counted 112,336,538 people inhabiting the country.

Holding an estimated fortune of $72.7 billion, Mexican magnate Carlos Slim is in a back-and-forth contest with Bill Gates for the mantle of the world's richest man.

Read the rest at MexiData.info

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