China to Have Half of Asia’s Millionaires by 2015, Report Shows
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Aug. 31 (Bloomberg) -- China's millionaires will account for about half of Asia's rich and hold more than half of the region's wealth by 2015, according to a study by Julius Baer Group Ltd. and CLSA Asia Pacific Markets.
Asia's millionaires will more than double in number to 2.8 million, with 1.4 million high net worth people in China, according to the Asia Wealth Report released today. Chinese millionaires will hold $8.76 trillion of the $15.81 trillion that the region's millionaires are expected to have, it said.
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Source: http://feeds.washingtonpost.com/click.phdo?i=3fef57f3a31239f757f9ec1f76f32ec6
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