Wealth of millionaires surges 10.6% to top $70 trillion for the first time

The combined wealth of the world’s millionaires rose for a sixth straight year and topped $70 trillion for the first time ever in 2017 thanks to an improving global economy and strong stock market performance, according to a new report released Tuesday. 

The world’s millionaires saw their wealth grow 10.6 percent to a record $70.2 trillion, the global consulting firm Capgemini reports in its annual World Wealth Report 2018.

David Carrig | USA TODAY

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