Asia's rich will almost certainly have a greater net worth than North America's by the end of 2015, a new study has found, as Asia clocked up more rich residents than any other region for a second year running.
Asia-Pacific has surpassed North America as home to the largest high net worth individual (HNWI) population, with a rise to 4.69 million in 2014, an 8.5 percent increase from a year earlier and one million more people than two years ago, according to the World Wealth Report from CapGemini and RBC Wealth Management.
Asia's HNWIs - individuals with investible assets of $1 million, excluding primary residences - held a total $15.8 trillion of assets in 2014, up 11.4 percent on-year, the report said, noting that North America had around $16.2 trillion in HNWI wealth.
"In the last five years, Asia has really been the driving force in terms of number of high net worth individuals," Claire Sauvanaud, vice president at CapGemini, told CNBC.
"And last year particularly, the segment of the ultra high net worth individuals (UHNWI) - those who have more than $30 million of investible assets - has grown in a very high proportion in Asia."