ahlam1399
07-17-2016, 05:21 AM
LAHORE: Innumerable media outlets across the border have reported that India houses 236,000 millionaires and the number of these high net worth individuals is expected to soar by 105 percent to 483,800 in the world's largest democracy till 2025.
Currently, India is home to the fourth largest population of millionaires in the Asia-Pacific region as Japan tops the list with 1.2 million people possessing heavy wallets.
According to the Asia Pacific 2016 Wealth Report prepared by a global wealth intelligence and market research company "New World Wealth," India was ranked among the top five Asia Pacific countries in terms of number of high net worth individuals. These millionaires have been defined as those individuals with net assets of $1 million or more.
Specialising in ratings and surveys, the "New World Wealth" claims it interviews over 800 high net worth individuals every year in order to determine their preferences and maintains a database of 150,000 millionaires residing on the planet.
At the end of 2015, there were, 1,260,000 millionaires in Japan, while China ranked second with 654,000 high net worth individuals and Australia was at the third place had 290,000.
The "Business Standard," a 41-year old Indian English language daily newspaper that reaches readers in over 1,000 towns and cities across India, writes: "Others in the top 10, in terms of number of high net worth individuals in Asia Pacific include, Singapore at the fifth place with 224,000 millionaires, Hong Kong (6th, 215,000), South Korea (7th, 125,000), Taiwan (8th, 98,200), New Zealand (9th, 89,000) and Indonesia (10th, 48,500). Interestingly, India is among the top five Asia Pacific countries in terms of total private wealth held, but at the bottom in terms of per capita income. India’s total individual wealth stood at $4,365 billion, while China, which topped the list, had a total individual wealth of $17,254 billion. Total individual wealth refers to the private wealth held by all the individuals in each country, including all property, cash, equities and business interests."
This New Delhi-based Indian newspaper, with a circulation of 217,000, further reveals: "On per capita basis, India was last among the bottom three as the average wealth per person stood at $3,500, while that of Australia, which topped the ranking stood at $204,400."
It quoted the "New World Wealth" report as saying: "As reflected, Australians are the wealthiest individuals in Asia Pacific with $204,000 in wealth per person, whilst people in Pakistan are the poorest with $1,600 per person." The report also **ted that there were around 3.5 million high net worth individuals living in Asia Pacific, with combined wealth holdings of $17.7 trillion.
The "Business Standard" has gone on to write: "Asia Pacific high net worth individuals numbers have increased by 115 percent over the past 15 years, compared to the worldwide high net worth individuals growth rate of 82 percent and going forward, high net worth individuals numbers in Asia Pacific are expected to rise by 50 percent over next 10 years, reaching around 5.2 million by 2025, it added."
Excerpts from the 2016 “New World Wealth” Report on riches in the UAE: There are approximately 480,000 high net worth individuals living in Middle East, with combined wealth holdings of $2.5 trillion. There are approximately 25,000 multi-millionaires living in the Middle East, each with net assets of$10 million or more. Approximately $310 billion of Middle Eastern high net worth individuals is tied up with wealth management companies.
The UAE is the largest wealth management centre in the Middle East with the value of Assets under Management resting at approximately $90 billion at the end of 2015. It is estimated the Middle Eastern private banking market will grow by 6 percent per annum over the next 10 years.
The most promising emerging ME markets for private banking are Jordan, Israel and Iran.
In the Middle East, around $165 billion is tied up in venture capital companies and foundations that are linked to the wealthy.
http://feeds.feedburner.com/~r/com/YEor/~4/q-pLgO6SSfA
أكثر... (http://feedproxy.google.com/~r/com/YEor/~3/q-pLgO6SSfA/135522-Pakistanis-are-the-poorest-in-Asia-Pacific-report)
Currently, India is home to the fourth largest population of millionaires in the Asia-Pacific region as Japan tops the list with 1.2 million people possessing heavy wallets.
According to the Asia Pacific 2016 Wealth Report prepared by a global wealth intelligence and market research company "New World Wealth," India was ranked among the top five Asia Pacific countries in terms of number of high net worth individuals. These millionaires have been defined as those individuals with net assets of $1 million or more.
Specialising in ratings and surveys, the "New World Wealth" claims it interviews over 800 high net worth individuals every year in order to determine their preferences and maintains a database of 150,000 millionaires residing on the planet.
At the end of 2015, there were, 1,260,000 millionaires in Japan, while China ranked second with 654,000 high net worth individuals and Australia was at the third place had 290,000.
The "Business Standard," a 41-year old Indian English language daily newspaper that reaches readers in over 1,000 towns and cities across India, writes: "Others in the top 10, in terms of number of high net worth individuals in Asia Pacific include, Singapore at the fifth place with 224,000 millionaires, Hong Kong (6th, 215,000), South Korea (7th, 125,000), Taiwan (8th, 98,200), New Zealand (9th, 89,000) and Indonesia (10th, 48,500). Interestingly, India is among the top five Asia Pacific countries in terms of total private wealth held, but at the bottom in terms of per capita income. India’s total individual wealth stood at $4,365 billion, while China, which topped the list, had a total individual wealth of $17,254 billion. Total individual wealth refers to the private wealth held by all the individuals in each country, including all property, cash, equities and business interests."
This New Delhi-based Indian newspaper, with a circulation of 217,000, further reveals: "On per capita basis, India was last among the bottom three as the average wealth per person stood at $3,500, while that of Australia, which topped the ranking stood at $204,400."
It quoted the "New World Wealth" report as saying: "As reflected, Australians are the wealthiest individuals in Asia Pacific with $204,000 in wealth per person, whilst people in Pakistan are the poorest with $1,600 per person." The report also **ted that there were around 3.5 million high net worth individuals living in Asia Pacific, with combined wealth holdings of $17.7 trillion.
The "Business Standard" has gone on to write: "Asia Pacific high net worth individuals numbers have increased by 115 percent over the past 15 years, compared to the worldwide high net worth individuals growth rate of 82 percent and going forward, high net worth individuals numbers in Asia Pacific are expected to rise by 50 percent over next 10 years, reaching around 5.2 million by 2025, it added."
Excerpts from the 2016 “New World Wealth” Report on riches in the UAE: There are approximately 480,000 high net worth individuals living in Middle East, with combined wealth holdings of $2.5 trillion. There are approximately 25,000 multi-millionaires living in the Middle East, each with net assets of$10 million or more. Approximately $310 billion of Middle Eastern high net worth individuals is tied up with wealth management companies.
The UAE is the largest wealth management centre in the Middle East with the value of Assets under Management resting at approximately $90 billion at the end of 2015. It is estimated the Middle Eastern private banking market will grow by 6 percent per annum over the next 10 years.
The most promising emerging ME markets for private banking are Jordan, Israel and Iran.
In the Middle East, around $165 billion is tied up in venture capital companies and foundations that are linked to the wealthy.
http://feeds.feedburner.com/~r/com/YEor/~4/q-pLgO6SSfA
أكثر... (http://feedproxy.google.com/~r/com/YEor/~3/q-pLgO6SSfA/135522-Pakistanis-are-the-poorest-in-Asia-Pacific-report)