The Guardian
More millionaires in India and China push global private wealth to $168tn in 2015 with Asia-Pacific set to pass western Europe as second-richest region.
Rising numbers of millionaires in the fast-growing economies of China and India helped to push global private wealth to $168tn (£115tn) in 2015. The 5.2% increase in wealth among the world’s richest individuals was driven largely by the Asia-Pacific area, which is expected to overtake western Europe as the second wealthiest region behind North America next year. “China and India have strong GDP growth and that has fuelled a lot of wealth creation,” said Anna Zakrzewski, one of the report’s authors.
