Rich List cites property as factor in wealth

[KevinR]

From the NZ Herald website (http://www.nzherald.co.nz) today:
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NBR editor-in-chief Nevil Gibson said property had again been the biggest contributor to overall wealth.

"Of the 21 new individuals and families, nearly a third are involved in property investment," he said.
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[Perry]

A more direct link to the story is:

http://www.nzherald.co.nz/search/story.cfm?storyid=000D6A8B-9393-14BF-A54783027AF1010F

[Dean@Massiveaction]

They present this like it's a surprise. Over 80% of the billionaires on the planet have made their money out of property related activities.

[kolzee]

Hi Pooomba, that's an interesting stat.....you don't happen to know how many billionaires there are in the world to put that in perspective do you....just out of interest??

[Dean@Massiveaction]

Sorry Kolzee, corrected post!!

[KevinR]

Hi Pooomba, that's an interesting stat.....you don't happen to know how many billionaires there are in the world to put that in perspective do you....just out of interest??

793

http://www.forbes.com/business/feeds...ap2584652.html

[kolzee]

Sorry Kolzee, corrected post!!

Oh right - that is the interesting stat i was after then!!!

[Stevegoodey]

Hmmmm so you reckon theres something going on with all these really rich people owning all the property.

Now that you think about it there could be something to it.