The Number Of Millionaires In Asia Will Double By 2015!
5:40 pm, August 31st | by Hillary Reinsberg
Alright everyone, it’s time to move to Asia! No really. The number of millionaires there is going to double by 2015. That’s only three and a half years away. In particular, shall we move to China? Half of Asia’s new millionaires, and more than half the wealth in Asia, will be concentrated in China.
The Asia Wealth Report, published yesterday, is chock full of amazing figures that will have you realizing that well, folks, things in Asia are growing like wild fire. Imagine all the new moguls, business deals and extravagant spending we’ll get to cover!
So, here’s the breakdown of some of the most jaw-dropping projections:
-The number of millionaires in Asia will double, to 2.8 million, by 2015.
-Half, or 1.4 million of those millionaires will be residents of China.
-By the time 2015 comes around, the Asian millionaire set will have a collection $15.81 trillion in assets. So that means $8.76 trillion in China alone.
-In the past year alone, there were 502,000 new millionaires in China.
-The number of millionaires in India is expected to double as well.
Can’t wait until 2015 to see these stats stack up? The reports suggest that 40% of all global growth in just 2011 and 2012 will come from China and India. Moguls in the making, we’re watching.