merrill-wealth-survey-sees-asians-getting-richer

Merrill wealth survey sees Asians getting richer

But for high net worth individuals reading this article, you should realise you are now only one among a population of 2.4 million others in Asia.
June 22, 2006
In its annual survey, conducted with CapGemini, Merrill Lynch has revealed that Asia-PacificÆs population of high net worth individuals HNWI rose to 2.4 million in 2005. This represented an increase of 7.3% over 2004 and saw Asian HNWI wealth grow 8% to $7.6 trillion.

A HNWI individual is defined as someone with more than $1 million in liquid assets û ie excluding their primary residence.

Asia is the fastest growing market for HNWI, according to MerrillÆs survey. Asian countries occupy five of the top 10 slots among the fastest growing HNWI markets.

The population of high net worth individuals grew fastest in Korea 21.3% followed by India 19.3%, Indonesia 14.7%, Hong...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222