The number of millionaires in the Netherlands increased by more than 10 percent to a record of 134,100 millionaires in 2010.
According to the annual World Wealth Report from Merill Lynch and Capgemini, the U.S. had 3.1 million millionaires in 2010, up from 2.86 million in 2009.
The global population of millionaires also hit a new peak, with 10.9 million millionaires, an increase of 8.3 percent from 2009. The combined wealth of those millionaires hit $42.7 trillion, up from $40.7 trillion at the peak.
For the first time since such records were kept, Asia has more millionaires than Europe. Asia has 3.3 million millionaires, defined as individuals with investible assets of $1 million or more. Asia still lags far behind the U.S., the world’s leader in millionaires.
The study further showed that on average 29 percent of the luxury spending of millionaires is spend on expensive cars, yachts and private planes. More than one fifth is spent on art collections and a similar proportion on jewels, precious stones and expensive watches.
The rest is spent on expensive wines, antiques, coin collections, sports, travel and racehorses.