Capgemini and Merrill Lynch Global Wealth Management explore the fast growing wealth of the Asia-Pacific region
Building on the success of the World Wealth Report, the fifth edition of the Asia-Pacific Wealth Report explores the behaviors of high net worth individual (HNWIs) in twelve core markets: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan, and Thailand. These markets together account for 95.0% of the regions gross domestic product (GDP).
The Asia-Pacific Wealth Report 2010 shows the region’s HNWI population rose 25.8% to three million in 2009, catching up with Europe’s HWNI population for the first time. Asia-Pacific HWNI wealth increased 30.9% to US$9.7 trillion in 2009, erasing losses seen in 2008 and surpassing Europe’s HWNI wealth in 2009. The number of ultra-HNWIs in Asia-Pacific rose 36.7% and ultra-HNWI wealth jumped 42.6% in 2009.