Wednesday, September 26, 2012

The East gets Richer

The number of super-rich people in Asia may approach 3 million, with a stock of wealth equal to US$16.7 trillion (Bt517 trillion), by 2015 according to Julius Baer, a leading Swiss private banking group. HNWIs are defined as those with investable assets of $1 million or more excluding their primary residence.

 China will record the greatest increase in wealth, with the number of high net worth individuals growing from 502,000 in 2010 to 1.43 million by 2015. Singapore's number of high net worth individuals is expected to grow from 64,000 in 2010 to 133,000 in 2015.

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