Capgemini Finds Asia's New Rich Now Surpass European Wealthy

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.

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Uber Rich Get….Well, Richer in 2010. Capgemini’s World Wealth Report Reveals All

John Fowler, Big4.com

June 23, 2010

Consider these amazing facts:

10 million rich folks in the world have a combined wealth of US$39 Trillion, yes that’s a trillion with a T!, and that was up $6 Trillion from 2008, or a solid 18%

Asia Pacific had more rich folks than Europe in 2009 at 3.0 million, with a combined wealth of $9.7 trillion, up 31% from 2009

The US, Japan and Germany account for 54% of all the richest individuals in the world

The combined wealth of most-wealthy individuals increased 22% in 2009, soaring to about $14 Trillion, and that’s only about 93,100 people

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Asia Pacific Uber Rich Suffer A Lot In 2008, But Roar Back Quickly

We have blogged earlier about the fascinating results of the 2008 Capgemini Merrill Lynch Global Wealth report, where high net worth individuals (HNWIs – net assets greater than US$1 million) and ultra-high net worth individuals (Ultra HNWIs – net assets greater than US$30 million), the uber-rich of the world, lost a cool $8 trillion of wealth from 2007 to 2008...

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