Asia to add 1.66m millionaires by 2015 - report
Page 1 of 1
Asia to add 1.66m millionaires by 2015 - report
HONG KONG: Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world's fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wednesday, Aug 31.
The Swiss wealth manager forecast that the wealth of high networth individuals (HNIs), those with $1 million or more in investable assets, would nearly triple to $15.8 trillion in the five years to 2015.
China alone would be home to nearly half of the millionaires in Asia with combined wealth of $8.8 trillion. The world's most populous nation had 502,000 million HNIs with investable assets totaling $2.6 trillion, the report said.
India would more than double the number of HNIs to 403,000 by 2015, while Indonesia would see the highest growth rate in the number of wealthy, up by a quarter to 99,000, the first such report from Julius Baer said.
The wealth manager forecast that China and India would collectively contribute 40 percent to global growth for 2011 and 2012. – Reuters
The Swiss wealth manager forecast that the wealth of high networth individuals (HNIs), those with $1 million or more in investable assets, would nearly triple to $15.8 trillion in the five years to 2015.
China alone would be home to nearly half of the millionaires in Asia with combined wealth of $8.8 trillion. The world's most populous nation had 502,000 million HNIs with investable assets totaling $2.6 trillion, the report said.
India would more than double the number of HNIs to 403,000 by 2015, while Indonesia would see the highest growth rate in the number of wealthy, up by a quarter to 99,000, the first such report from Julius Baer said.
The wealth manager forecast that China and India would collectively contribute 40 percent to global growth for 2011 and 2012. – Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Re: Asia to add 1.66m millionaires by 2015 - report
any1 fr BC ? ...
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics
» BNM Annual Report 2014 Malaysia's 2015 GDP growth seen moderating to 4.5%-5.5% - Bank Negara
» Malakoff to further delay IPO to 2015, says IFR report
» Nine out of 10 Insider Asia’s 2015 top picks gain
» Kurnia Asia gains on unit sale report
» Malaysians among most ambitious in Asia Pacific: Ranstand report
» Malakoff to further delay IPO to 2015, says IFR report
» Nine out of 10 Insider Asia’s 2015 top picks gain
» Kurnia Asia gains on unit sale report
» Malaysians among most ambitious in Asia Pacific: Ranstand report
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|