Moolah, mansions, Mercs—they’ve got it all. We’re talking uber-rich or super-rich, if you will. So far, it’s been common to link Americans with a lavish lifestyle. But, the picture’s fast changing. Now, when it comes to fat cats, Asia can show off too. New millionaires are crawling out of the woodwork in Japan, China and India. In India, the brigade will be on a roll. In 10 years, a Capgemini report predicts, the combined wealth of India and China will treble—an increase of more than $4 trillion.
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Distribution of Wealth In Asia-Pacific, 2008
#Others comprise South Korea, Singapore, Thailand, Hong Kong, Taiwan and Indonesia.
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Number Of Asia-Pacific Super-Rich
2008 Number of super rich [in ’000s]
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China, India And Japan vs Global Wealth
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Wealth Of Asia-Pacific Region In 2008
*Others comprise Kazakhstan, Malaysia, Myanmar, New Zealand, Pakistan, Philippines, Sri Lanka and Vietnam. (Note: Super-rich are individuals with investible assets of $1 million or more, excluding primary residence, collectibles, consumables and consumer durables.
Source: Asia-Pacific Wealth Report, Capgemini, 2009).