North American Millionaires Regain Top Spot, Report Finds
By Doug Alexander & Margaret Collins - Jun 18, 2013 12:06 PM ET
North America reclaimed the top spot with the most millionaires last year as the world’s ultra-rich led the way in raising global wealth to a record high, according to a report by Cap Gemini SA and Royal Bank of Canada.
People in North America with at least $1 million in investable assets climbed 11.5 percent to 3.73 million in 2012
, regaining the No. 1 ranking after being overtaken in 2011 by the Asia-Pacific region, according to today’s 17th annual World Wealth Report. High-net-worth individuals in Asia-Pacific increased 9.4 percent to 3.68 million.
The combined wealth of the world’s millionaires rose 10 percent to a record $46.2 trillion last year,
after declining 1.7 percent in 2011. North America remained the richest region with $12.7 trillion of high-net-worth assets, compared with $12 trillion in Asia-Pacific, according to the study.
“Both the U.S. and Canada benefited from marginal GDP growth as well as equity and real estate markets,” Jean Lassignardie, chief sales and marketing officer for Paris-based Capgemini Global Financial Services, said at a press conference in New York. Still, Asia-Pacific’s total wealth increased 12.2 percent, outpacing North America’s 11.7 percent growth, he said.
The increase in wealth was led by the super-rich, those with at least $30 million to invest, whose assets and numbers rose by about 11 percent following declines in 2011, according to the report.
more:
http://www.bloomberg.com/news/2013-06-18/north-american-millionaires-regain-top-spot-report-finds.html
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