Wednesday, September 19, 2012

Asia's Wealthy Outnumber North America's For First Time

The Asia-Pacific region is now home to 3.37 million high net worth individuals - people with $1 million or more to invest - compared with 3.35 million in North America and 3.17 million in Europe, according to a new report from Pacific, Capgemini and RBC Wealth Management.

According to the report, the Asian wealthy are 54 percent concentrated in Japan,with almost 17 percent in China and more than 5 percent in Australia.

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