Women making millions and are happy

London -- The pantheon of millionaires is losing its male flavor as more women are breaking that wealth barrier, a British survey indicates.

In fact, Barclays Wealth Management predicts female millionaires will outnumber their male counterparts by 2020, when 53 percent of millionaires would be women, The Daily Telegraph reported Monday.

The percentage will rise as the number of female entrepreneurs and business people grows, the survey says.

"While the more traditional drivers of wealth still play a part," Amy Nauikas, managing director of Barclays Wealth, said, "(men) are no longer the dominant forces they once were."

Female investors were found to be more averse to taking risks then men, the survey said.

"Women are more thoughtful and purpose-driven when it comes to investing, whereas men tend to look for income and growth," Nauikas said.

In case anyone's wondering, money did, indeed, buy women happiness. The Barclays survey reported 80 percent of women with assets greater than $985,000 said their money bought them much happiness -- and more leisure time, better health and greater job satisfaction.

Copyright 2007 by United Press International.