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Rich Chinese hot on heels of US$7.7 tril Japan wealth pool

Bloomberg Published on Thu, Nov 29, 2018 / 7:50 AM GMT+8

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(Nov 29): Japan’s rich have the largest accumulation of wealth in the Asia-Pacific region, at US$7.7 trillion ($10.6 trillion), but the legions of Chinese millionaires are rushing to catch up.

The pool of wealth held by China’s high-net-worth individuals grew by more than 144% between 2010 and 2017, to reach US$6.5 trillion, according to the latest Asia-Pacific Wealth Report from consultants Capgemini. The equivalent rate of growth in Japan over the same period was about 87%.