Monday, June 15, 2015

Study: Asians are richer than Europeans for the first time – the world

For a long time the trend in sight, but now Asia Europe has definitively suspended. For the first time in modern history that Asians have more money than the Europeans. In the competition for the region with the most rich and super rich old Europe loses in importance.

With an accumulated personal fortune of 42.5 billion dollars ( 37.8 trillion euros) was Europe last year only in third place of the richest parts of the world. The Asian region (excluding Japan) ended up with 47.4 billion dollars in second place. Number one defends North America continued with 50.8 trillion.

This resulted in a study entitled “Global Wealth Report 2015″, in which the consulting firm Boston Consulting Group ( BCG) every year the world of the rich and super-rich investigated. For the consultants ask asset managers to the assets of their clients. However, only financial assets from the savings account will be considered by the Investment Fund, but not about real estate, corporate assets or art. Therefore, the investigation is only a part of the actual financial situation of households worldwide again.

If you believe the calculations of BCG analysts, Asia is already in the coming year North America depend – and thus finally rise to the richest region of the globe. For the year 2016, the consulting firm predicts a personal fortune of $ 57 trillion for Asia and $ 56 trillion for North America. 2019 could Asian households already own one third of global wealth.

Photo: Infographics World 2019 will be Asia, the study found the number 1 ascend

High savings rate in Asia

According to Ludger Kübel-Sorger, head of asset management in Germany and Austria at BCG, there are two main factors that explain the success of Asians , “The Asian households benefit enormously from economic growth in the region, which last year twice as large as that in the US and four times that in Europe was,” said bucket-Sorger.

A second reason is, in percentage terms that Asians place a larger proportion of their money on the account. “The savings rate is in Asia at 13 per cent, in Western Europe at five percent and in the US at three per cent,” says BCG expert.

Basically, was the rise of Asians but no need to worry for Europe. “First, it does not worry that Asians become richer us.” Europe could even benefit when it set incentives to attract Asian investment.



The rich are getting richer

Overall, in 2014, a good year for the rich and super rich of this world: Compared to last year, the private assets increased worldwide by almost twelve percent to a total of 164 trillion. Looking at the individual markets on, put the private wealth in Asia last year with 29.4 percent at most. Not included in the calculation in this region is Japan.

Second Eastern Europe stands at 18.8 percent, followed by Latin America with 10.5 percent, the Middle East and Africa with 9.4 percent, Western Europe and North America with 6.6 percent with 5.6 percent. The rear is Japan with schlappen 2.5 percent.

reason for the comparatively weak performance of Western Europeans is primarily its conservative investment behavior. “Western Europeans and particularly German shun riskier assets and could not therefore benefit from the boom so strong on the equity markets,” said assets expert bucket-Sorger. German millionaires invested still a high proportion of their money in bonds and savings accounts. “In the current low interest rates their assets therefore grows relatively slowly.”



millionaires possess 41 percent of global wealth

In Germany, there are, according to BCG currently $ 94 billionaires and almost $ 350,000 millionaires, of which 585 with more than 100 million dollars in personal assets. The number of German millionaires will continue to increase in the coming years. In the long term could demography kink in Germany but lead to a decreasing number of millionaires

Basically, the often taken by the political left thesis. The wealth of the people spread over fewer and fewer back. On the millionaire households accounted for last year 41 percent of the private wealth worldwide – compared to 40 percent the year before. According to BCG projections, the value will rise to 46 percent by 2019.

The US had in 2014 with seven million still the highest number of millionaire households, followed by China with four million. The total number of global millionaire households has risen from 15 million in 2013 to 17 million in 2014.

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