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  1. Wealth
September 29, 2010

WBrief: Asian HNWs grow by 20%

By Spear's

The wealth of Asia-Pacific high net worth individuals and their population rose sharply last year, while their holdings of property assets rose markedly, according to Merrill Lynch in a report on the region.

The wealth of Asia-Pacific high net worth individuals and their population rose sharply last year, while their holdings of property assets rose markedly, according to Merrill Lynch in a report on the region.

The HNW individual population rose by 25.8 per cent and the number of such people expanded by 20.9 per cent in 2009 compared with the previous year. At the end of last year, there were a total of 3.0 million Asian high net worth individuals, collectively controlling $9.7 trillion.

The report, which uses the same methodology as the Merrill Lynch/Capgemini World Wealth Report issued earlier in the summer, goes into more detail about the Asian market.

To read the full story, visit wealthbriefing.com

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