Payload Logo

Asia’s super rich now outnumber North America’s. What do we know about the region’s 0.1%?

By Ritchie King
Published

According to a new report by consulting firm Capgemini and the Royal Bank of Canada, the number of Asians controlling $1 million or more in investable money surpassed the number of North Americans in the same strata of wealth last year.

These 3.4 million Asian millionaires are, essentially, the continent’s 0.1%. They live mostly in Japan and China…

…and control $10.7 trillion in investable money combined…

…though, most have somewhere between $1 million and $5 million.

📬 Sign up for the Daily Brief

Our free, fast and fun briefing on the global economy, delivered every weekday morning.