Asia Home To World's Most Wealthy
Asia Pacific is now home to the largest catchment of high-net-worth-individuals (HNWI).
Data from an annual survey by an affiliate of the Royal Bank of Canada pointed to a surge of new millionaires from China, Indonesia and Thailand as key drivers.
One interesting fact is that there are 3.4 million HNWI's in Asia Pacific, but their asset base to invest is below the USD30 million marker.
In terms of the key counties in the region where these individuals are located, these are Greater China, Australia and Japan.