Asian rich outnumber Europeans

[Feuer Frei!]

Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot, a report released this week said.
The Asia-Pacific region was home to 3.3 million people last year worth US$1 million ($1.2 million) or more, excluding their homes, an increase of roughly 10 per cent from the year before, according to an annual report by Merrill Lynch's wealth management division and consultancy Capgemini.
Asia's growth outpaced Europe, which grew about 6 per cent to 3.1 million high net worth individuals, and puts it within reach of North America, which rose 8.6 per cent to 3.4 million.
The report's findings illustrate how Asia's economies, powered by China and India, are growing much more quickly than developed countries.
The United States, Japan and Germany account for just over half the world's 10.9 million wealthy, while China is fourth with 535,000. Australia has moved up one to ninth place and India has cracked the top 12 for the first time.
As well, last year was the second year that Asia's combined wealth was bigger than Europe's.
The world's wealthy were worth US$42.7 trillion last year. Asia's share amounted to US$10.8 trillion, putting it just behind North America's US$11.6 trillion.



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[Castout]

The way to get rich fast is to point a country on the globe where the majority of its people are poor and actually become an entrepreneur there.

It's far more difficult to get rich in countries where the distribution of wealth is more even or where the majority of the population is of middle class.

[Feuer Frei!]

Originally Posted by Castout

The way to get rich fast is to point a country on the globe where the majority of its people are poor and actually become an entrepreneur there.

It's far more difficult to get rich in countries where the distribution of wealth is more even or where the majority of the population is of middle class.

Yea that's right.
Too much competition and not as noticeable.

[Betonov]

Originally Posted by Castout

It's far more difficult to get rich in countries where the distribution of wealth is more even or where the majority of the population is of middle class.

Tell me about it, I've been trying for 25 years.

Plus, there's no infrastructure in Europe to rapidly develop. Like USA 19th century when millions were made by laying tracks over virgin teritorry.

[Diopos]

And somewhere amongst these kinds of statistics may lay the real reason the EU will blow up. The industrial countries of the north don't need to subsidize the consumption of their products by the members in the south or the "periphery" of the union anymore.

.

[Castout]

I'm trying to say the total population in Asia is more than 4 billion people while the total population in the whole Europe is merely a little more than 800 million people. The total population in North America is even much lesser than Europe.

So North America and Europe still have the most rich people per population density.