Study: Asia-Pacific to become second-wealthiest region in 2014 | Bangkok Post: business

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Asia-Pacific to be second richest

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NEW YORK - The Asia-Pacific region not including Japan will become the world's second-wealthiest region this year overtaking Western Europe and is poised to take the top spot knocking out North America in 2018, according to a study published on Monday. 

The report completed by The Boston Consulting Group found that the Asia-Pacific region posted a 30.5% growth in private wealth in 2013, as the amount of private wealth held globally reached 152 trillion United States dollars, a 14.6% increase from 2012.

Private wealth growth in other regions included a 17.2% increase in Eastern Europe, a 15.6% rise in North America, which is currently the world's wealthiest region, and a more modest 5.2% growth in Western Europe.

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