Ultra-rich on rise; Asia most positive on wealth prospects
Economic turbulence in 2011 did not prevent the number of ultra-wealthy climbing 7% last year, with emphasis shifting to the East, finds a World Wealth report set to be issued today.
The number of ultra-wealthy individuals worldwide climbed 7% last year despite economic turbulence, while Asia-Pacific HNWIs are most optimistic about future prospects, a new study finds.
There are now 63,000 centa-millionaires with $100 million or more in disposable assets, a 29% increase since 2006, according to the Wealth Report 2012 set to be disseminated by Citi Private Bank and property firm Knight Frank today. This is forecast to rise 37% to 86,000 by 2016.
While the glob…
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