Asia's wealthy lose $2.1 trillion in volatile markets, according to report


The combined wealth of Asia Pacific's high net worth individuals (HNWIs) fell by $2.1 trillion - or 22.3% - to $7.4 trillion after a year-long period of exceptional volatility, according to the 13th annual World Wealth Report, produced Merrill Lynch Global Wealth Management and Capgemini.

The fall in wealth was of unprecedented size for the region, with only North Americans seeing a larger fall in their worth - their wealth fell by 22.8% to $9.1 trillion in the past year. Globally, the number of