(Some) women get rich

// 6 June 2005

While many women in the UK still face poverty, some are doing very well for themselves.

Brewin Dolphin Wealth Management has identified 360,000 women worth £500,000 or more, with a collective wealth of £292.88 billion and an average of £798,000 each.

Maybe it is because women make smarter investment choices than men.

Of course, all this needs to be kept in perspective – women still face a massive pay gap, of up to 40% and remain significantly more likely to be poor than men. Although it is great that some women are able to do well, this should not obscure the very real financial inequalities faced by large numbers of less well off women.

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