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Millionaires and super-millionaires grow in Asia by 400,000 to 5.5m in 2016

Their wealth rises 8.2% from US$17.4t to US$18.8t in 2016, mainly due to 8-year global equity bull run

Published Tue, Nov 7, 2017 · 09:50 PM
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THE eight-year long global equity bull market has boosted the wealth of the Asian-Pacific rich and super-rich to extraordinary levels.

Capgemini's latest Asian-Pacific Wealth report estimates that the numbers of high net worth individuals (HNWI) surged by 400,000 to 5.5 million in 2016. Their wealth rose by 8.2 per cent from US$17.4 trillion in 2015 to US$18.8 trillion. These staggeringly high figures compare with 3.3 million people in 2010, with assets valued at US$10.8 trillion.

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