“Asia-Pacific has overtaken North America as the top spot for the super-rich.
The wealth of high net worth individuals in the Asia-Pacific grew by 10% or almost five times North America’s 2% growth for high net worth individuals (HNWI) last year, according to the World Wealth Report released Thursday by Capgemini, a global consulting, technology and outsourcing service. There was a big drop from North America’s 9% HNWI growth rate the year before, dragged down by poor performance of U.S. and Canadian equities. The World Wealth Report covers 71 countries, accounting for more than 98% of global gross national income and 99% of world stock market capitalization.”
Outsourcing is making this country, America, poor. Rich people normally don’t associate with the poor.