“Source: Capgemini and Merrill Lynch Global Wealth Management – October 2011″

The Asia-Pacific high net worth individual (HNWI) population grew 9.7% to 3.3 million in 2010, exceeding that of Europe, and is now nearing that of North America. The HNWI had grown 25.8% in 2009, and is now 18.3% larger than in 2007 when the worst of the global financial crisis took effect. That is more than in emerging regions such as Latin America (up 14.2%), the Middle East (up 11.3%), and Africa (up 15.3%). And the HNWI populations in North America and Europe, by contrast, are barely bigger than in 2007 (up 2.6% and 2.4% respectively).

Asia-Pacific HNWIs’ wealth also grew for a second straight year in 2010; rising 12.1% to US$10.8 trillion. The wealth increase was much smaller than the 30.9% increase in 2009, but the gains nevertheless left the region’s HNWI wealth up 14.1% from 2007 levels. That is less than the 18.1% relative growth for Latin America, but more than the rebound in Africa (up 11.0%). Wealth among HNWIs is still down from 2007 in the Middle East (by 0.9%), which is the other largely emerging region. Wealth is also still below pre-crisis levels in North America (down 0.8%, at US$11.6 trillion), and Europe (down 4.4%, at US$10.1 trillion). Globally, HNWI wealth rose 9.7% to US$42.7 trillion in 2010, putting it 4.9% above 2007 levels.

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