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The number of millionaires in the world rose by nearly 8 percent last year to an all-time high of around 16.5 million people Men's Nike Air Max 97 Shoes Blue White UK , with record total wealth of $63.5 trillion (55.70 trillion pounds), according to a report by global consultancy firm Capgemini.

The wealth of high net worth individuals (HNWI) -- which Capgemini defines as those with investable assets of $1 million or more, excluding the primary residence, collectibles and consumables -- rose 8.2 percent on the year in 2016 and is on track to surpass $100 trillion by 2025.

Some 1.15 million people became millionaires last year, the report said.

The United States, Japan Nike Air Max 97 KPU Black Red UK , Germany and China boast the highest numbers and together make up for almost two-thirds of the total.

In the United States, their ranks rose to 4.8 million from 4.46 million, while the number of millionaires in China rose to 1.13 million from just over 1 million.

The Asia-Pacific, Europe and North America contributed equally to the rise in wealth, with Russia, Brazil and Canada reversing course from declines a year ago Nike Air Max 97 2017 Retro Black UK , the report showed.

Russia, helped by a rebound in its stock market, saw both the number of its millionaires and their wealth grow by about 20 percent.

A combination photo of world's top billionaires

France overtook Britain in the top five in terms of the number of millionaires, helped by a recovery in real estate, while Sweden knocked Singapore -- which saw a decline in its equity markets -- out of top 25.

Surveys on the millionaires' financial asset holdings show they held 31.1 percent in equities in the second quarter of 2017, compared with 24.8 percent in 2016.

Fixed income held steady at 18 percent Men's Nike Air Max 97 Shoes All Black UK , while cash grew to 27.3 percent from 23.5 percent.

Alternative investments, such as hedge funds, derivatives, foreign currency, commodities and private equity, fell to 9.7 percent from 15.7 percent.

The report did not dive into the reasons for the reallocation Men's Nike Air Max 97 OG GS UK Blue Grey Shoes , but stronger global growth, coupled with hefty liquidity after years of unprecedented stimulus by global central banks, have pushed stock markets around the world to record highs.

On the other hand, investors are wary of geopolitical risks, with tensions growing between the United States and North Korea, and are uncertain about the consequences the U.S. Federal Reserve's exit from unconventional stimulus might have on economies and markets.

Millionaires saw a 24.3 percent return on average on investment portfolios overseen by wealth managers.

BEIJING Nike Air Max 97 2017 Retro Metallic Gold UK , April 14 (Xinhua) -- China's courier sector posted steady growth in the first quarter this year thanks to continued efforts to boost consumption and services, according to the State Post Bureau (SPB).

The sector generated 98.46 billion yuan (about 14.3 billion U.S. dollars) in revenue in the first three months of 2017, up 27.4 percent year on year, the bureau said.

A total of 7.59 billion deliveries were made during the same period, up 31.5 percent year on year, the bureau said.

According to the SPB data Nike Air Max 97 2017 Retro Sliver Bullet UK , 3.03 billion parcels were delivered in March, up 28.1 percent year on year.

For the month of March the revenue of courier businesses reached 38.26 billion yuan, up 25.4 percent year on year, said the SPB.

The country plans to extend the courier network and improve computerized systems, services and international connections by 2020.

The target annual revenue of the courier sector will be 800 billion yuan by 2020, according to a policy document released by the State Council in October.

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CARACAS Nike Air Max 90 97 UK , Aug. 28 (Xinhua) -- U.S. economic sanctions against Venezuela aim to push the South American country to the brink of bankruptcy and default, the Venezuelan ambassador to the United Nations said on Monday.

The sanctions seek to have Venezuela "enter into default" in paying back its foreign debt, ambassador Rafael Ramirez told Venezuelan TV station Globovision.

Declaring default would dry up financing and make it even harder for Venezuela to import necessary food items and medications, he said.

On Friday, U.S. President Donald Trump signed an executive order that "prohibits dealings in new debt and equity issued by the government of Venezuela and its state oil company" and also prohibits "dividend payments" to the South American country's government.

However, Ramirez sounded optimistic about Venezuela's options.

"We have markets for our oil. It's likely that the United States is the one who is going to have problems in supplying its oil refining system Nike Air Max 1 Master UK , with no access to Venezuela's extra heavy crude," he said.

Also on Monday, the government condemned the right-wing opposition coalition (MUD) for cheering the economic sanctions on Venezuela's already battered economy, and issuing a statement inviting other countries to follow suit.

The right-wing coalition "urges other countries and investors to economically block and isolate the country," and "do the same as the United States did on Aug. 25," the government said Nike Air Max 270 UK , adding that "for MUD the enemy is Venezuela."

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