Report: Asia's wealthy population overtakes Europe - Yahoo! Finance: "HONG KONG (AP) -- Booming Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot, a report released Thursday said.
The Asia-Pacific region was home to 3.3 million people in 2010 worth $1 million or more, excluding their homes, an increase of roughly 10 percent from the year before, according to the 15th annual World Wealth Report by Merrill Lynch's wealth management division and consultancy Capgemini.
Asia's growth outpaced Europe, where so-called high net worth individuals increased 6 percent to 3.1 million, and puts it within reach of North America, where the number of wealthy rose 8.6 percent to 3.4 million."
Thursday, June 23, 2011
Asia's wealthy population overtakes Europe - Yahoo! Finance
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