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The ultra-rich are getting richer — and their global population is growing. After a year that saw strong growth in the stock market, real estate and cryptocurrencies such as bitcoin, the number of ultra-wealthy individuals around the world is up by over 4%, according to a new report.
But being counted among the highest net worth individuals can be much "easier" in some countries than it is in others. To belong to the 1% in America, your net worth would have to be about $5.8 million or higher, according to the new Wealth Report from real estate company Knight Frank. In some countries, though, you only need to be worth a fraction of that to be a part of the 1%; in others, you need to have far greater wealth to be part of this elite group.
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