Distinction in travel journalism
Is independent travel journalism important to you?
Click here to keep it independent

27 Sep, 2013

Asia falls in global wealth list | The Japan Times

HONG KONG – Some 300,000 people joined Asia’s millionaire ranks last year, according to a new world wealth report that also found the region slipped behind a rebounding North America.

The report, released Wednesday by CapGemini and Royal Bank of Canada, is the latest of several recent surveys highlighting the strong rise in the region’s wealthy while also hinting at persistent inequality.

It found that Asian millionaires grew 9.4 percent in 2012 to 3.68 million people, up from 3.37 million the year before. Their combined wealth rose 12.2 percent to $12 trillion.

The report defines wealthy as those with at least $1 million in liquid assets. It covered 10 Asian countries and territories.

Read the rest: Asia falls in global wealth list | The Japan Times.