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NO. OF HIGH NET WORTH INDIVIDUALS IN AUSTRALIA EXPANDS IN 2004.

Asia Africa Intelligence Wire

| June 10, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

SYDNEY, June 10 Asia Pulse - Australia's rich list swelled by 15 per cent last year, with an estimated 134,000 high net worth individuals now in the country.

The 2005 World Wealth Report by Merrill Lynch and Capgemini found the number of Australian high net worth individuals grew by 17,000 people in 2004.

The total wealth of domestic high net worth individuals increased by $US54 billion in 2004 to $US422 billion.

The average wealth …

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