The number of millionaires in China grew by 12 percent to 534,500. The wealth of 3.3 million high-net worth individuals in Asia Pacific climbed 12.1 percent last year to $10.8 trillion, exceeding the $10.2 trillion accumulated by 3.1 million people in Europe, according to the 2011 World Wealth Report.
Africa showed the biggest increase in millionaires by region with growth of 11.1 percent, while India entered the top 12 country rankings for the first time, with 153,000.
Women and young millionaires account for an increasing portion of the world’s rich, Merrill’s World Wealth Report found. About 27 percent of global millionaires were women in 2010.
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