Not only are the rich getting richer, but their numbers are growing and North America is home to most of them, according to a report from Capgemini and RBC Wealth Management.
The World Wealth Report, released Tuesday, found the global population of millionaires reached record levels in 2012 growing by 9.2%, or 1 million people, to reach 12 million after remaining flat in 2011.
Their wealth also increased by 10%, or $46.2 trillion, after declining 0.7% last year. The report attributes this to slow but stabilizing economic growth.
The figure is well above the pre-crisis level of $40.7 trillion in 2007 and previous high of $42.7 trillion in 2010.