# Number of UK millionaires 'to triple' by 2010

- Link: https://fundraising.co.uk/2004/03/01/number-uk-millionaires-039to-triple039-2010/
- Published: 2004-03-01T00:00:00+00:00
- Author: Howard Lake

The Centre for Economics and Business Research predicts that by 2010 there will 
be 760,000 people in the UK with assets over £1 million, compared to 230,000 in 
2001.
This jump in the number of wealthy people is of course down to the rise in
house prices. So, the wealth is asset and not cash-based, so in practice it is not
the kind that fundraisers will be able to get their hands on easily.

Nevertheless, this kind of wealth does get released, either through transfers within
the family to the next generation, or through property sales. So prospect research,
legacy and tax-effectivive giving campaigns, and diligent donor communications are
all important activities that might help some charities secure some of this wealth.

The long term outlook for such enhanced personal wealth is also rosy, according 
to research. By 2020 there will be 1.9 millionaires in Britain. Of course, a million
pounds in 16 years’ time won’t be worth what it is now, but it is reasonable to 
assume that an increasing number of charities are going to have to get used to communicating
effectively with millionaires.

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