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Comprehensive global wealth report released

The "2011 Futurewealth Report: The Essence of Success" released by Scorpio Partnership in conjunction with Standard Chartered Private Bank and SEI (NASDAQ: SEIC), finds that the super rich are still bullish on new wealth generation and see philanthropy as a key measure of success. 

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TheBahamasInvestor.com
Tuesday, March 22, 2011
Tuesday, March 22, 2011

Scorpio Partnership in conjunction with Standard Chartered Private Bank and SEI (NASDAQ: SEIC) has released its “2011 Futurewealth Report: The Essence of Success.”


The second worldwide survey of its kind, the Futurewealth report captures insight from 1,800 high-net-worth individuals who are on the fast track to generating wealth and identifies what it takes to be financially successful.

The report is part of the ongoing Futurewealth Project undertaken by Scorpio Partnership. The project is a long-term initiative to uncover the attitudes and aspirations of wealth creators around the world.

This year there was a 21 per cent growth in the number of HNWIs who took part in the survey.

Highlights of the Futurewealth Report include the following insights:

• Global Futurewealthy remain confident that they can triple current wealth within a 10-year time frame. With current wealth of $2 million on average, they expect to achieve total wealth of $6.4 million within 10 years.

• Short-term confidence levels are high, with the Futurewealthy expecting their wealth to double the previous year’s actual performance. Asia and Europe are showing particularly high confidence levels at present.

• The majority equate success with financial achievement, and those who are most financially successful in the group have three key qualities in common:

  • They report energy levels that are 80 per cent higher than the Futurewealthy average;
  • They focus 60 per cent of that energy on innovation;
  • They also recognize the importance of taking responsibility for others on their path to success.

• They identify Bill Gates, Richard Branson and Steve Jobs as the world’s most successful people. They regard Apple (65 per cent) and Google (56 per cent) as the world’s leading brands.

• 56 per cent regard charitable giving as a measure of their success
and 42 per cent give more than $2,000 annually to good causes.

To see more detailed highlights of the report, download/view the PDF here.

Bill Gates, Richard Branson, Steve Jobs

Speaking at the 19th World Conference of Banking Institutes held at Atlantis Paradise Island this week, Central Bank governor Wendy Craigg spoke on trust and accountability from a regulatory perspective. She said that ethics and good corporate governance were key to maintaining a sound financial system and healthy economy.

The "2011 Futurewealth Report: The Essence of Success" released by Scorpio Partnership in conjunction with Standard Chartered Private Bank and SEI (NASDAQ: SEIC) captures insight from 1,800 high-net-worth individuals who are on the fast track to generating wealth and identifies what it takes to be financially successful. The report is part of the ongoing Futurewealth Project undertaken by Scorpio Partnership. The project is a long-term initiative to uncover the attitudes and aspirations of wealth creators around the world. Download the full report here.

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