Dark Hills

The Forbes magazine has estimated that the number of millionaires living in the world live grow at a rate of 10-15% each year depending upon the economic growth of the developed countries and also on the overall global economy. This rise in the millionaire figures has lead to the establishment of a new group of millionaires in the society called the nouveau riche or the new rich. The word nouveau riche has its roots in French and is used to describe people who have amassed wealth in a very short period of time or within their present generation itself. This is possible because globalization is spreading fast across the globe with more and more countries open to foreign trade with other countries. So the business opportunities for companies and people to start overseas business venture are ever increasing. Those who capitalize on such business opportunities stand to gain a good chance of increasing their and rise to the elite group of millionaires who control the global economy. Majority of the present millionaires in the world belong to the nouveau riche category. Moreover, it is the Russian millionaires who form a major chunk of the nouveau riche category thanks to the country’s multi-billion dollar oil industry.