News Summary: Asia home to most millionaires

My Fox Spokane Biz
News Summary: Asia home to most millionaires

By The Associated Press
THE NEWS: Asia's millionaires outnumbered North America's for the first time last year even as the world's wealthy saw their fortunes decline amid turbulent financial markets, a new survey says.
THE NUMBERS: The Asia-Pacific region was home to 3.37 million high net-worth individuals, who are defined as having at least $1 million to invest. Their numbers were up 1.6 percent from the year before, although their combined wealth shrank 1.1 percent to $10.7 trillion.
THE RUNNERS UP: North Americans still held the biggest share of world wealth at $11.4 trillion, even though it was down 2.3 percent.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Comments

Most Popular Stories

Protesters chant 'Stop the IRS' in Cincinnati

Protesters chant &#039;Stop the IRS&#039; in Cincinnati
By DAN SEWELLAssociated Press CINCINNATI (AP) - Tea party activists waving flags and signs, singing patriotic songs and chanting anti-IRS slogans protested outside federal buildings across the country Tuesday to protest the agency's extra scrutiny of conservative groups. A crowd packed the

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife

WATCH LIVE: Clay Starbuck Trial Happening Now; Accused Of Murdering His Ex Wife
SPOKANE, Wash. – The trial of Clay Starbuck, charged with killing his ex-wife Chanin and sexually violating her remains, entered its third week Monday at the Spokane County Courthouse. Chanin Starbuck was found strangled to death in her Deer Park home in December of 2011, and Clay

Small Fla. city anxious to learn jackpot winner

Small Fla. city anxious to learn jackpot winner
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million. The lucky ticket was bought sometime Saturday