Wednesday, June 27, 2007

Boom in Female Wealth Creation Driven by Business Success


- Business Success is Driving Female Wealth Creation Globally, Resulting in a Larger Number of High Net Worth Women

- Inheritance and Marriage are no Longer Lead Sources of Wealth

- Women are Often More Thoughtful and Purpose-Driven When it Comes to Investment Behaviour

A report published today by Barclays Wealth reveals that the affluence and influence of women is growing and is increasingly fuelled by their own individual enterprises - highlighting that the perception of inheritance and marriage as the lead sources of female wealth is out-dated.

In partnership with the Economist Intelligence Unit (EIU), a new global survey of 600 wealthy individuals(1) published in Barclays Wealth Insights: A Question of Gender, reveals that the vast majority of women are generating their wealth independently.

Wealth is largely driven from earnings and business ownership (83.9 per cent) or from personal investments (32.8 per cent). This compares to marriage (24.7 per cent), divorce (2.2 per cent) and inheritance (19.9 per cent), which the research shows are becoming less important sources of wealth.

See full Press Release.