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Minting Millionaires: Nearly a Million Joined Club Last Year

The number of people worth $1 million or more rose by 920,000 last year, hitting a record 14.6 million. It was the sixth straight year-over-year increase as rising stock prices lifted the value of personal wealth in a few key countries, according to a report from consultant Capgemini and RBC Wealth Management. More than a third of new millionaires, 345,000, were in the U.S., where a broad index of stocks, the Standard and Poor's 500, rose 11 percent. Among other highlights of...

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