Rich people in China , India , and Singapore Continue to Increase

GENEVA ,- Bolton Institute Consulting Group ( BCG ) report , China , India , and Singapore had the biggest increase in the number of wealthy people in 2011 . This happens because the Asia Pacific region have an abundance of wealth decline in Western Europe and the United States as the crisis in the region.

According to the BCG report , on Friday ( 01/06/2012 ) local time , millionaire households grew 16 percent to 1.43 million families in China . In Singapore , growth reached 14 per cent to 188 000 households . In India , millionaire households rose 21 percent to 162 000 families .

Meanwhile, millionaire households in the U.S. declined to 5.13 million families 129 000 families last year . Wealth in North America also dropped 0.9 percent to 38 trillion U.S. dollars , while Western Europe was down 0.4 percent to 33.5 trillion dollars . " It was the first significant growth disturbance since the financial crisis , " said Peter Damisch , Boston Consulting partner , in Zurich .

Global equity growth slowed in the last year . Global wealth grew just 1.9 percent to 122.8 billion U.S. dollars. Whereas in 2010 , growth could reach 6.8 percent . This was caused by the debt crisis and the weakening of European equity markets .

Singapore has its share of millionaire households in the world , while Hong Kong actually ranks first in terms of percentage of millionaires . " Emerging markets will play a huge role in personal wealth , " added Damisch .(Kompas)