Asia's millionaires set to overtake North America's

They will outpace the Americans in number and wealth

THIS year, the number of millionaires in Asia is expected to surpass that in North America. By next year, the wealth that these Asian millionaires hold will also overtake that of their North American counterparts, predicted a report by Capgemini Financial Services and RBC Wealth Management.

The two regions are already about neck and neck in the number of such high net worth individuals (HNWIs): Asia-Pacific has 4.32 million of them and North America 4.33 million. Together, they account for almost...

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