AP Market round-up: Asia’s rich just keep getting richer

An inaugural Asia Pacific wealth management survey from Merrill Lynch and Capgemini highlights the growing concentration of the region’s wealth in the hands of the already rich, deemed high-net-worth individuals (HNWIs).

The survey covered the key wealth management markets of China, Hong Kong, India, Indonesia, Japan, Korea, Singapore and Taiwan, where the number of HNWIs grew 7.3% in 2005. To highlight the extent that the region’s wealth is increasingly becoming concentrated into the hands of the richest, the number of ultra-high-net-worth individuals (UHNWIs) – those with assets in excess of $30 million – grew by 12.1% over the same period.

Merrill Lynch and Capgemini estimate that total wealth held by HNWIs and UHNWIs reached $7.6

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access