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Post date: Jun 24, 2011 5:41:23 AM
Sri Lanka is among the six of the 10 countries in Asia with the fastest-growing millionaire populations, led by Hong Kong and Vietnam, which each saw annual growth of 33 percent, a latest survey said. Others included Indonesia, Singapore, and India.
According to the 15th annual World Wealth Report by Merrill Lynch’s wealth management division and the consultancy Capgemini Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot. The Asia-Pacific region was home to 3.3 million people in 2010 worth $1 million or more, excluding their homes, an increase of roughly 10 percent from the year before, Asia’s growth outpaced that of Europe, where so-called high-net-worth individuals increased 6 percent to 3.1 million, and puts it within reach of passing North America, where the number of wealthy rose 8.6 percent to 3.4 million.
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