China and India harbour the world's fastest-growing collection of millionaires and billionaires, making them magnets for wealth managers.
Asia-Pacific's wealthy population surged by 26 per cent in 2009 to reach 3m, matching that of Europe for the first time, according to the Merrill Lynch/Cap Gemini World Wealth Report for 2010. They hold assets worth $9,700bn, surpassing the $9,500bn wealthy Europeans have amassed.
China has the world's fourth biggest population of wealthy individuals, growing by 31 per cent in 2009 to 477,400. India had a bigger growth spurt, of 51 per cent, taking numbers to 126,700.
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