Asia Pacific overtook Europe in number of millionaires

The number of millionaires in Asia-Pacific has jumped sharply to overtake Europe, a study revealed Friday, driven by the fast-rising super-rich of Hong Kong. Millionaires in the region — who have a total of almost $11 trillion — became worth more collectively than their counterparts in Europe in 2009, but there are also now more of them, at 3.3 million, versus 3.1 million in Europe.
The report on high-net worth individuals (HNWIs) — defined as anyone with investable assets of at least $1 million — was issued by Merrill Lynch Global Wealth Management and consultancy firm Capgemini.