‘1.1 mn millionaires during Obama rule’

This is equivalent to over a thousand new millionaires per day during Obama’s first three years.

“It doesn”t really fit the campaign rhetoric that one side is against the rich and the other is for,” WealthInsight analyst Christopher Rocks said.

“The total number of millionaires is growing and will continue to grow whether Obama or [Mitt Romney is elected,” Rocks added.

According to the Huffington Post,the group defines millionaires,also referred throughout the report as “high net worth individuals” (HNWIs),as individuals with net assets in excess of one million dollars,excluding primary residences.

Business Insider said that the super rich have been the fastest to recover following the financial services sector.

The news outlet predicts that with real estate improvements and the recent rise in stock market,the number of millionaires will be back to pre-recession levels by the end of 2012.

“The US wealth sector has recovered strongly since the financial crisis,” Rocks said,adding: “Contrasting with a lot of campaign rhetoric,growth in the HNWI population under President Obama has been rapid,far outpacing growth in the broader economy.”