Asian Millionaires Became World's Wealthiest People of 2015

Asian millionaires surpassed their North American counterparts and became the most wealthiest in the world last year for the first time ever, likely to control 40 percent of global wealth by 2026, the report by the Capgemini management consulting firm released on Thursday revealed.

MOSCOW (Sputnik) — In 2015, Asian millionaires got richer by 10 percent which is five times more than in North America, and accumulated a total of $17.4 trillion outpacing $16.6 trillion in America.

"Asia-Pacific surpassed North America for the first time to become the region with the largest amount of HNWI (high net worth individuals) wealth… If past growth rates hold, Asia-Pacific is likely to continue to be a dominant force over the next decade, representing two-fifths of the world's HNWI wealth, more than that of Europe, Latin America, and the Middle East and Africa combined," the report read.