RBC Study: More Multi-Millionaires in APAC than in the US and Europe


October 9, 2012

More people in Asia became millionaires last year as the region’s economic growth and entrepreneurship helped generate affluence, according to a report by RBC Wealth Management and Capgemini SA, covered by Bloomberg. Asia-Pacific has taken a slight lead over the US and a bigger lead over Europe in the number of millionaires, while the US has a slight lead in the overall total of wealth. This is the first time APAC was home to most millionaires in the world.  But overall wealth declined slightly in the most recent period of the study. (Image source: Cap Gemini)

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