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<\/a>The most millionaires<\/p><\/div>\n
The report, Riding a Wave of Growth: Global Wealth 2014, found that the rise in private financial wealth in 2013, was stronger than in 2012, when global wealth grew by 8.7%.<\/p>\n
The key drivers, for the second consecutive year, were the performance of equity markets and the creation of new wealth in rapidly developing economies (RDEs), Boston Consulting said.<\/p>\n
On a regional basis, Asia-Pacific (excluding Japan) posted the strongest growth in private wealth (30.5%), followed by Eastern Europe (17.2%), North America (15.6%), the Middle East and Africa (11.6%), and Latin America (11.1% at constant exchange rates, not considering currency devaluations in many Latin American countries).<\/p>\n
<\/a>China the second wealthiest nation<\/p><\/div>\n
Asia-Pacific (excluding Japan) is expected to overtake Western Europe as the second-wealthiest region in 2014, and North America as the wealthiest in 2018, Boston Consulting said.<\/p>\n
Global private wealth is projected to post a compound annual growth rate (CAGR) of 5.4% over the next five years to reach an estimated $198.2 trillion by the end of 2018.<\/p>\n
With a projected CAGR of 10.5%, private wealth in the Asia- Pacific region will expand to an estimated $61.0 trillion by the end of 2018, while private wealth in North America will reach an estimated $59.1 trillion by the end of 2018.<\/p>\n
For the Middle East and Africa region, with a projected CAGR of 6.5%, private wealth in the region will reach an estimated $7.2 trillion by the end of 2018.<\/p>\n
More on global wealth<\/h3>\n
Surge in Africa\u2019s wealthy<\/strong><\/a><\/p>\n Massive global wealth disparity<\/strong><\/a><\/p>\n