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Number of Millionaires Soars to New High

The ranks of the rich are swelling and they have more money than ever. The new Capgemini/Merrill Lynch World Wealth Report 2011 says that there were 10.9 million rich people (defined as those who have more than $1 million of free cash) in the world in 2010, up 8.3 percent from the prior year.

Read more at cbsnews.com