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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High Net Worth Individuals Lose $8 Trillion In Just One Year!

We have blogged in prior years about the Capgemini Merrill Lynch World Wealth Report, since the results are fascinating and the numbers are simply mind-boggling. The 13th annual 2009 report was just released hours ago, and we bring you their (rather sobering) findings and our take...

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