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Survey: Asia's Millionaires Outnumber NAmerica's

20 June 2012

Asia’s millionaires outnumbered North America’s for the first time last year, a new survey says. The Asia-Pacific region was home to 3.37 million high net-worth individuals, who are defined as having at least $1 million to invest, according to a report by Capgemini and Royal Bank of Canada. Their numbers were up 1.6 percent from the year before, although their combined wealth shrank 1.1 percent to $10.7 trillion. North Americans still held the biggest share of world wealth at $11.4 trillion, even though it was down 2.3 percent. Europe came third with 3.17 millionaires worth $10.1 trillion.—AP