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The number of millionaires in the world rose by nearly 8 percent last year to an all-time high of around 16.5 million people Wholesale FC Borussia Dortmund Jerseys , with record total wealth of $63.5 trillion (55.70 trillion pounds), according to a report by global consultancy firm Capgemini.

The wealth of high net worth individuals (HNWI) -- which Capgemini defines as those with investable assets of $1 million or more, excluding the primary residence, collectibles and consumables -- rose 8.2 percent on the year in 2016 and is on track to surpass $100 trillion by 2025.

Some 1.15 million people became millionaires last year Wholesale Borussia Dortmund Jerseys , the report said.

The United States, Japan, Germany and China boast the highest numbers and together make up for almost two-thirds of the total.

In the United States, their ranks rose to 4.8 million from 4.46 million Cheap FC Borussia Dortmund Jerseys , while the number of millionaires in China rose to 1.13 million from just over 1 million.

The Asia-Pacific, Europe and North America contributed equally to the rise in wealth, with Russia, Brazil and Canada reversing course from declines a year ago Cheap Borussia Dortmund Jerseys , the report showed.

Russia, helped by a rebound in its stock market, saw both the number of its millionaires and their wealth grow by about 20 percent.

A combination photo of world's top billionaires

France overtook Britain in the top five in terms of the number of millionaires, helped by a recovery in real estate Cheap Sven Bender Jersey , while Sweden knocked Singapore -- which saw a decline in its equity markets -- out of top 25.

Surveys on the millionaires' financial asset holdings show they held 31.1 percent in equities in the second quarter of 2017, compared with 24.8 percent in 2016.

Fixed income held steady at 18 percent, while cash grew to 27.3 percent from 23.5 percent.

Alternative investments, such as hedge funds Cheap Sokratis Papastathopoulos Jersey , derivatives, foreign currency, commodities and private equity, fell to 9.7 percent from 15.7 percent.

The report did not dive into the reasons for the reallocation Cheap Shinji Kagawa Jersey , but stronger global growth, coupled with hefty liquidity after years of unprecedented stimulus by global central banks, have pushed stock markets around the world to record highs.

On the other hand, investors are wary of geopolitical risks Cheap Sebastian Rode Jersey , with tensions growing between the United States and North Korea, and are uncertain about the consequences the U.S. Federal Reserve's exit from unconventional stimulus might have on economies and markets.

Millionaires saw a 24.3 percent return on average on investment portfolios overseen by wealth managers.


BEIJING, March 20 (Xinhua) -- The Chinese volleyball league (CVL) ended an impressive 2016-2017 season as the league saw a new women's league champion in Jiangsu, and Shanghai won its third consecutive title in the men's version.

Led by three national team players Hui Ruoqi, Zhang Changning and Gong Xiangyu, the Jiangsu squad defeated Zhejiang 3-1 in the best of five finals and claimed its first triumph in team history. The Jiangsu team entered the finals of the league for four seasons, but never won a title until this year.

Also, the Chinese metropolis of Shanghai has become the capital city of men's volleyball. All last three titles in the Chinese men's volleyball league have been claimed by the team from the city. They also claimed the 13th league championship by edging Beijing 3-2 on Sunday night, proving the quality of men's volleyball in the city.

Shen Qiong, Shanghai men's team coach, said that the final against Beijing was the fiercest he had ever seen.

""I'm happy, the team is happy. This is the most grateful I have been at the finals in my life,"" said Shen, who was a member of the Chinese men's team from 2001-2013, ""Beijing is also a strong team. I have never seen such hard game in my life, even when I was a player,"" he added.

Thanks to a series of changes, the CVL, which just wrapped up its 20th edition, saw an overall increase in spectator numbers compared to 2015-2016 season, with the finals seeing an especially significant increase. According to the Chinese Volleyball Association (CVA), there was an average of nearly 3,000 spectators per match. Other major achievements include the All-Star weekend, use of the Challenge System and LED display during all matches for the first time.

The CVL chose a new commercial partner in the IRENA Group before this season, and this is considered to be a long-awaited reform. Gao Chao, president of IRENA, said that they will work hard together with the CVA to push the CVL to become as prosperous as China's other two top flight leagues, the CBA and CFA.

""We are aiming to tap into the whole industrial chain the sport's ecological system, the venues and copyright event resources integration, mobile internet,"" Gao said, adding that innovation is the key.

One of the big decisions made was to restore the All-Star weekend. ""We had the All-Star weekend several years ago, but it was stopped due to several reasons,"" said CVA vice president Li Quanqiang. ""We decided to bring it back this season with our partner, to bring this volleyball festival back for the fans,"" Li added.

The All-Star weekend, which featured shows, forums, and a North vs. South All-Star game, attracted a sell-out crowd, filling the 4200-seat Baoan gymnasium in Shenzhen.

""The All-Star game showcased the best of club volleyball around China, the best players and the great enthusiasm for our sport. I would like to thank the players for putting on fantastic events for the fans. It is providing a chance for passionate fans to enjoy the best of volleyball,"" added Li.

According to Li, also director of the volleyball department of China's General Administration of Sport, there will be more changes in the following seasons.

""We will deepen reform and opening up, invigorate the market and stimulate a new impetus for growth,"" said Li. ""China will expand the CVL b. Cheap Jerseys China Cheap Wholesale Jerseys Cheap Jerseys China Wholesale Cheap Custom Jerseys Cheap Custom NFL Jerseys Wholesale Jerseys From China Wholesale NFL Jerseys Wholesale NFL Jerseys Wholesale NFL Jerseys China Wholesale NFL Nike Jerseys

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