Where are Most of the World's Millionaires?
According to the World Wealth Report released by Capgemini and RBC Wealth Management, the Asia-Pacific region now has nearly 10,000 more millionaires than North America, but North America is still where the richest of the rich are. North America's wealthy count for a combined $16.23 trillion while Asia-Pacific's wealthy's combined wealth is just $15.82 trillion. America and China alone are responsible for 52% of the growth in the world's high-net-worth individuals. Strong economic and equity market performances are largely responsible for five of the six world regions. Last year, 920,000 people became millionaires.