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The wealth of the world's rich and super rich surged 11.2 percent to $37.2 trillion last year but the elite group gave less than 1 percent of their net worth to charity. For the first time, the 11th annual World Wealth Report detailed philanthropic giving, and estimated that high net worth individuals turned over $285 billion to charitable causes in 2006. That's equivalent to someone worth $100,000 giving about $766 to charity, or 0.76 percent of their wealth.

The 11th annual report said, however, that rich people, led by the ultra wealthy, are increasing the financial resources, time and thought that they donate to charities. High net worth individuals are defined as people with at least $1 million in net assets excluding their primary residences. The double-digit growth of their assets was fueled by gains from emerging economies such as India and China and wealth accumulation by the ultra rich.

The ranks of the world's ultra rich, individuals with at least $30 million in assets not including their primary residences, increased 11.3 percent to 94,970, the report said. Total wealth accumulation for this group rose last year by 16.8 percent to $13.1 trillion. In 2006, wealthy people shifted more of their money into real estate investments, at times liquidating some of their holdings in hedge funds to do this, the report said.

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