Menu Click to open Menus
Home » Business » Asian Millionaires Will Soon Oust North Americans From Top of Wealth List

Asian Millionaires Will Soon Oust North Americans From Top of Wealth List

(4436 Views) September 28, 2013 11:00 am | Published by | 1 Comment

The wealth possessed in total by Asia’s millionaires may soon surpass that of their North American counterparts. According to a new report published by Cap Gemini SA and Royal Bank of Canada, Asians with $1 million dollars in liquid assets are likely to see their collective wealth appreciate to the tune of $15.9 trillion by the year 2015.

The report found that millionaires in Asia increased their investable assets at a yearly rate of 4.9 percent in the five years to 2012, which was three times as fast as the growth in North America. Strong economic performance, stable stock markets and high savings rates across the continent have all helped increase fortunes in Asia.

An employee inspects U.S. dollar bills before changing it to Philippine Pesos inside a money changer in Manila September 19, 2013.

business.time.com

This post was written by Mr. Yuli
About

Tri Yuli Kurniawan is a CEO Oketheme.com. He is developer of MagaZimple. MagaZimple is a multipurpose WordPress magazine theme with simple design so it can be used for any type of blog or website. Simple & Easy! You can buy this awesome magazine theme at www.oketheme.com

Tags: ,
Categorised in:

1 Comment for Asian Millionaires Will Soon Oust North Americans From Top of Wealth List

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>