"Wealth in North America grew 5.6% to $50.8 trillion, making it the wealthiest region, but Asia-Pacific, not including Japan, grew at 29.4% to $47.3 trillion. (Japan grew 2.5% in 2014.).
In fact, Asia-Pacific is expected to surpass North America as the wealthiest region in 2016, with China (at 25% growth) and India (at 44% growth) being the main catalysts. It is also expected to drive half of the global wealth growth until 2019."
Asia To Surpass North America As Wealthiest Region In 2016; Fintech Set To Change Wealth Management
The Guardian link:
New millionaires help Asia overtake Europe in private wealth, says report
is my attempt to share (via this website as well as twitter) relevant finance stories from Asia that I find interesting (on a daily basis).