Global Private wealth increased to $152 trillion in 2013

The amount of private wealth held by households globally surged more than 14% to $152 trillion (£90tn) in 2013, boosted mainly by rising stock markets.

Asia-Pacific, excluding Japan, led the surge with a 31% jump to $37tn, a report by Boston Consulting Group says.

North America (at $50.3 trillion) and Western Europe ($37.9 trillion) remained the wealthiest regions in the world, followed closely by Asia-Pacific (excluding Japan) at $37.0 trillion. Asia-Pacific, which in 2008 had 50 percent less private wealth than North America, has since closed that gap by half. Globally, the amount of wealth held privately rose by $19.3 trillion in 2013, nearly twice the increase of $10.7 trillion seen in 2012.

Asia Pacific is expected to overtake Western Europe as the second-wealthiest region in 2014, and North America as the wealthiest in 2018,” BCG said.

The total number of millionaire households in the world rose to 16.3 million in 2013, from 13.7 million in 2012.

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