Asia-Pac’s wealthy population tops Europe for first time

Asia-Pacific has topped Europe for the first time in the size of its rich population, driving global wealth levels back beyond the pre-crisis days of 2007, finds the World Wealth Report 2011. The region recorded a 9.7% year-on-year increase in high-net-worth individuals (over $1 million in investible assets) to 3.3 million in 2010, compared with 6.3% growth to 3.1 million in Europe. North America expanded 8.6% to 3.4 million. Overall there are 10.9 million HNWIs globally, a mean…