High-net-worth individuals in the region will lead the world in population and accumulated wealth as early as next year. They are becoming more digitally focused, too, finds a survey.
Growth in the number and wealth of high-net-worth individuals in Asia will outstrip North America within three years, although it will be a tight race, finds a benchmark survey.
The cost of UK and US education surged 30% year-on-year in 2013, a major concern for Asians, although not a deterrent from sending their children overseas, according to Julius Baer's wealth report.
The ranks of the truly wealthy have swelled, with Asia leading the recovery, according to the Merrill Lynch Global Wealth Management/Capgemini World Wealth Report.