Alexandre Ber Speaks About The Fact That 1.8 Million Americans Are Wealthy

TORONTO - Dec. 16, 2013 - PRLog -- According to a recent finding an estimated 1.8 million Americans possessed a net worth of approximately $2 million. This indicates that the net worth has attained 12.1 percent increase over 2001. At a recent conference in South African university, Alexandre Ber expressed his views on the unequal distribution of wealth. Alexandre Ber is a finance expert.

In America more than half of the 1.8 million American citizens had a net worth from $2 million to $3 million. From this figure only 66,000 possessed a net worth of $20 million or more. These high net worth individuals possessed almost $4 trillion when their total net worth is combined. This amounts of one-third of the total net worth of the larger group. This depicts that most of the wealth was concentrated in the hands of these high net worth individuals. This wealth with them was in the form of real estates, stocks and a number of retirement assets including IRAs and annuities. In this lecture, he points out at the fact that due to the unequal distribution of wealth growth of third world countries has almost halted.

Alexandre Ber opines that the high net worth crowd is not distributed equally among all the states. California and New York occupied the first and second place respectively with California residents owning a share of $2 million and New York residents owning a net worth of $1.2 trillion. The greatest concentration of wealthy residents is in Wyoming which holds the No.1 place. This represents 1.5 percent of the total adult population of the state.

Of course, not all states are created equal when it comes to high net worth audience.

California took the prize for most residents worth $ 2,000,000 or more than 329,000, had a combined net worth of nearly $ 2 billion. New York was a distant second with 160,000 affluent residents who had a combined wealth of $ 1.2 billion.

Meanwhile, Wyoming No. 1 spot for having the highest concentration of wealthy residents: 6000, equivalent to 1.5% of the total adult population in the state.

On the other hand third world countries, such as South Korea, Taiwan, Japan etc, are still in the growing stage. Their plans of developing their economy jeopardise their dream of being one of the wealthiest countries of the world. Development of roads, schools and bridges takes up most of the wealth of these developing economies. This keeps them behind the above mentioned countries which are replete with net worth individuals.

The disparity of wealth also exists among developed countries. Few countries are richer than the other countries. The unequal distribution of resources is the main reason for development disparities. Added to this is the unequal distribution of wealth. While the number of people in these wealthy parts of the world rushes to buy their Christmas gifts, a number of people are yearning for bread a day in the third world countries.

Alexandre Ber, the finance expert, in his lecture opined that the only way to solve the economic problem is the equal distribution of wealth. With this developing countries can achieve faster growth as their growth is hindered only because of lack of wealth or resources.