The amount of private wealth held by households rose by 14% last year, fuelled by rising stock markets.
According to a report by the Boston Consulting Group, wealth held in equities rose 28%, leading to gains in all regions surveyed. Asia Pacific excluding Japan led the rises, up 31% to $37tn. By 2018, the region will overtake the US as the world's largest wealth market, the report said. The number of millionaire households in dollar terms rose to 16.3m, up from 13.7m in 2012. The number of millionaires in China rose by more than half, surpassing the number in Japan as the yen fell sharply against the dollar. The report takes into account cash, deposits, shares and other assets...
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