More of the world's wealth is now controlled by millionaires in Asia than in North America and Europe, according to a Capgemini report. In 2015, Asia-Pacific's high net worth individuals (HNWI) held $17.4tn of wealth across 5.1 million people compared to North America’s $16.6tn across 4.8 million HNWI. Capgemini said that Asian wealth grew by 4%, compared to the worldwide average of 10%, driven primarily by the financial services, technology, and healthcare industries. According to the report, if growth in the region continues at the current rate, Asia-Pacific will represent two-fifths of the world’s HNWI wealth in ten years, "more than that of Europe, Latin America, and Middle East and Africa combined."
More of the world's wealth is now controlled by millionaires in Asia than in North America and Europe, according to a Capgemini report. In 2015, Asia-Pacific's high net worth individuals (HNWI) held $17.4tn of wealth across 5.1 million people compared to North America’s $16.6tn across 4.8 million HNWI. Capgemini said that Asian wealth grew by 10%, compared to the worldwide average of 4%, driven primarily by the financial services, technology, and healthcare industries. According to the report, if growth in the region continues at the current rate, Asia-Pacific will represent two-fifths of the world’s HNWI wealth in ten years, "more than that of Europe, Latin America, and Middle East and Africa combined."