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Number of millionaires in Spain to double by 2017!

Number of millionaires in Spain to double by 2017!

Old Oct 11th 2012, 9:41 am
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Default Number of millionaires in Spain to double by 2017!

We're saved! According to a report by Credit Suisse (covers all world economies) the number in Spain will double by 2017 to 616,000.

However worth noting that the number has decreased somewhat lately,
The study estimates that there were 313,000 millionaires in Spain half way through this year, compared with the 400,000 there were half way through 2011,
http://www.thinkspain.com/news-spain...-set-to-double
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Old Oct 11th 2012, 10:03 am
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by steviedeluxe
We're saved! According to a report by Credit Suisse (covers all world economies) the number in Spain will double by 2017 to 616,000.

However worth noting that the number has decreased somewhat lately,


http://www.thinkspain.com/news-spain...-set-to-double
Well, a million dollars isnt much nowadays

Also, I dont think you can call someone who has a property that they think is worth a million dollars a millionnaire

For me, it is someone who has this money in the bank and so doesnt have to work if they dont want to
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Old Oct 11th 2012, 10:11 am
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Default Re: Number of millionaires in Spain to double by 2017!

... and in other news Spain downgraded yet again.... Its a funny old world eh?
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Old Oct 11th 2012, 10:44 am
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by steviedeluxe
We're saved! According to a report by Credit Suisse (covers all world economies) the number in Spain will double by 2017 to 616,000.

However worth noting that the number has decreased somewhat lately,


http://www.thinkspain.com/news-spain...-set-to-double
perhaps they are thinking of all those Brits who will be selling their homes to Russians and take the profits to Spain
http://http://www.standard.co.uk/new...s-8203081.html
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Old Oct 11th 2012, 11:02 am
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Default Re: Number of millionaires in Spain to double by 2017!

They are obviously going back to the Peseta
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Old Oct 11th 2012, 11:11 am
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Default Re: Number of millionaires in Spain to double by 2017!

http://www.marketwatch.com/story/spa...0?pagenumber=2
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Old Oct 11th 2012, 11:21 am
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by cricketman
Well, a million dollars isnt much nowadays

Also, I dont think you can call someone who has a property that they think is worth a million dollars a millionnaire

For me, it is someone who has this money in the bank and so doesnt have to work if they dont want to
Well with house prices declining, how would this rise in millionaires be based on property ownership?
Maybe they are basing their estimate on the high-tech start-up sector, with the hope of Spanish Zuckerbergs?

http://elpais.com/elpais/2012/10/08/...66_446685.html

Over the last 15 years Spain has produced dozens of highly successful internet entrepreneurs, who came up with innovative ideas in the late 1990s that turned them into multi-millionaires. And snapping at their heels are dozens of other disruptive thinkers who have created web-based businesses.
Let's hope some of the new start-ups hire in decent numbers, like Akamon appear to be doing

http://www.socialcasinointelligence....-hiring-spree/

Over the past two months the business has hired seven new members of staff, all either based in the company’s head office in Barcelona or its development centre in Valencia, Spain. The company ultimately wants to recruit an additional 20 members of staff, aiming to strengthen the development and marketing teams in order to launch its first mobile games before the end of the year, and make a concerted effort to establish itself in new southern European and Latin American markets.
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Old Oct 11th 2012, 11:38 am
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Default Re: Number of millionaires in Spain to double by 2017!

They must be all moving in from France.

Millionaires fleeing France
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Old Oct 11th 2012, 11:42 am
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by steviedeluxe
Well with house prices declining, how would this rise in millionaires be based on property ownership?
Maybe they are basing their estimate on the high-tech start-up sector, with the hope of Spanish Zuckerbergs?

http://elpais.com/elpais/2012/10/08/...66_446685.html



Let's hope some of the new start-ups hire in decent numbers, like Akamon appear to be doing

http://www.socialcasinointelligence....-hiring-spree/
No, its just a rubbish article

If you include so called house prices then I know loads of millionnaires - and hardly any who live like one!
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Old Oct 11th 2012, 11:44 am
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Default Re: Number of millionaires in Spain to double by 2017!

How many more Spanish will fall into poverty in that time?
Same applies to the UK.
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Old Oct 11th 2012, 11:57 am
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by rugbymatt
... and in other news Spain downgraded yet again.... Its a funny old world eh?
Yes, in the news today, S&P rate bonds one level above junk, analysts even more pessimistic over Spanish economy in 2013, inflation up, unemployment expected to be up in the last quarter (currently worse than Nigeria). But hey, it's not all bad news, Huesca airport passenger numbers are up 1.5%, they had 67 passengers last month. It's all looking good.

El aeropuerto de Huesca crece un 1.575% en septiembre al recibir... 67 pasajeros
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Old Oct 11th 2012, 12:01 pm
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by agoreira
Yes, in the news today, S&P rate bonds one level above junk, analysts even more pessimistic over Spanish economy in 2013, inflation up, unemployment expected to be up in the last quarter (currently worse than Nigeria). But hey, it's not all bad news, Huesca airport passenger numbers are up 1.5%, they had 67 passengers last month. It's all looking good.

El aeropuerto de Huesca crece un 1.575% en septiembre al recibir... 67 pasajeros
Yes and the irony is that the mayor of Huescar is a communist. So even the far left are corrupt, cough, sorry useless

In his defense he said the passanger numbers will be way up during ski season
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Old Oct 11th 2012, 12:40 pm
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by johnnyone
How many more Spanish will fall into poverty in that time?
Same applies to the UK.
Spain is now second only to Lithuania in the EU for the growing gap between the richest and poorest.

Spain shoots up the wealth disparity charts
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Old Oct 11th 2012, 12:57 pm
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by steviedeluxe
Well with house prices declining, how would this rise in millionaires be based on property ownership?
Maybe they are basing their estimate on the high-tech start-up sector, with the hope of Spanish Zuckerbergs?

http://elpais.com/elpais/2012/10/08/...66_446685.html



Let's hope some of the new start-ups hire in decent numbers, like Akamon appear to be doing

http://www.socialcasinointelligence....-hiring-spree/

Quote:
Over the past two months the business has hired seven new members of staff, all either based in the company’s head office in Barcelona or its development centre in Valencia, Spain. The company ultimately wants to recruit an additional 20 members of staff, aiming to strengthen the development and marketing teams in order to launch its first mobile games before the end of the year, and make a concerted effort to establish itself in new southern European and Latin American markets.



Sounds to me like another Boo.com..........
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Old Oct 11th 2012, 3:24 pm
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Default Re: Number of millionaires in Spain to double by 2017!

Originally Posted by cricketman
Yes and the irony is that the mayor of Huescar is a communist. So even the far left are corrupt, cough, sorry useless

In his defense he said the passanger numbers will be way up during ski season
What do you mean EVEN the far left are corrupt? Have you only just realised that?
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