Rob Starr, Big4.com
June 30, 2010
For the first time, the wealthy in Asia can say they are better off than their European contemporaries.
The 14th annual World Wealth Report by Merrill Lynch Wealth Management and Capgemini shows a dramatic shift in the money landscape between these two continents. Two major factors contributing to this change: a big rebound in Asian stock markets and relentless increase in property prices coming back from the last recession.