Asia's richest may outpace North America's wealthiest by 2014

CNBC.com ^ | 25 Sep 2013 | Staff

[rjbemsha]

Wealth among the richest in the Asia-Pacific region could surpass that of North America as soon as next year, a joint report by Capgemini and RBC Wealth Management showed on Wednesday.

The total wealth of high net-worth individuals in the region – defined as those with investable assets of $1 million and above – is expected to rise to $15.9 trillion by 2015, compared with $12 trillion in 2012. Wealth of the equivalent group of individuals in North America stood at $12.7 trillion last year.

[rjbemsha]

"Japan leads in Asia as the country with most wealth among high net-worth individuals, with 1.9 million holding a combined wealth of $4.4 trillion in 2012."

But if my memory is on track, Hong Kong is the city with the most Rolls Royce's per capita in the world.

[Count of Monte Fisto]

Real wealth can only be created by taking stuff out of the ground and making it into things people need everyday. We used to make just about everything in this country and we became rich. The sovereign America hating Globalists and Free Traitors moved our wealth creating jobs to Red China and other Third World pits and now they are becoming rich while we become paupers. Its that simple.

[Jack Hammer]

Another two years of President Marx at the helm, and we’ll be lucky to have any millionaires at all.

[Cringing Negativism Network]

Bring back American jobs.

Thanks for publishing this, I saw the news this morning on Bloomberg.

America we really, really need to bring back AMERICAN JOBS.

Now.

[Last Dakotan]

And they keep telling us merchantilism doesn’t work...

[PATRIOT1876]

The current administration wants us to follow North Korea’s model...