62% of New Millionaires come from Asia

[bojan92]

The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

Asians are known for their being hard working and persistent.  It is no wonder then that a large percentage of new millionaires comes from Asia.

Yes you are right, and the other thing is that every single major company from Europe or USA or any other part of the world is investing in China and other countries in Asia, because of the small amounts of money they are paying the people there. So China is a country with a large number of hardworking people, so they are happy that they have a job and the companies are happy too. Also, in the past several years the worldwide markets are full with cheap goods from China, so the owners make a good profit on the bases of cheap work force and cheap materials.

[Pab]

The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

Asians are known for their being hard working and persistent.  It is no wonder then that a large percentage of new millionaires comes from Asia.

Yes you are right, and the other thing is that every single major company from Europe or USA or any other part of the world is investing in China and other countries in Asia, because of the small amounts of money they are paying the people there. So China is a country with a large number of hardworking people, so they are happy that they have a job and the companies are happy too. Also, in the past several years the worldwide markets are full with cheap goods from China, so the owners make a good profit on the bases of cheap work force and cheap materials.

Now chinise worker does not work 24/7 for any money,chinse worker is working for few hundred bucks a month and has paid cost of life,apparment and food and travels to his families  during his holidays.Chinise workers is mostly specialist and knows english

[letsplayagame]

The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

This is expected. Naturally wealth is easier to create in economies where GDP is growing at faster rates.

[Quinn]

2019 is a good timescale but like you I think it will be sooner by a year or 2, I don't personally like the fact that they are catching so fast and will soon leave us behind. It is booming over there and the enviroment is about to be tested with all these new millionaires and people who have lived with close to nothing now having enough to buy homes cars and use enormous amounts of power. Crazy times ahead.

What made them millionaires is because of the common culture of the Asians that make them industrious and persevering.  It has also something to do that Asians are all over the world now, they are taking their jobs.

[StevenLiang]

The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

Asians are known for their being hard working and persistent.  It is no wonder then that a large percentage of new millionaires comes from Asia.

Yes you are right, and the other thing is that every single major company from Europe or USA or any other part of the world is investing in China and other countries in Asia, because of the small amounts of money they are paying the people there. So China is a country with a large number of hardworking people, so they are happy that they have a job and the companies are happy too. Also, in the past several years the worldwide markets are full with cheap goods from China, so the owners make a good profit on the bases of cheap work force and cheap materials.

Now chinise worker does not work 24/7 for any money,chinse worker is working for few hundred bucks a month and has paid cost of life,apparment and food and travels to his families  during his holidays.Chinise workers is mostly specialist and knows english

62% of New Millionaires come from Asia.

Maybe it's right or maybe not.

All news info cannot really know who is the TOP 100 Richest on their country, how comes for the Richest persons on the world. Not all rich people want to give know how wealth they are.

Especially for some BTC Richest persons on online. They will stay hidden at hidden leaf ninja village.

[mordekaiser]

The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

I dont think so, there many millionaires here in our country and as well as in the western part of the world.

[Xenoph0bia]

There are New Millionaires in the Asia and they will be increased day by day, its because of their growing economy. Asia is going through huge economic development. There is a huge growth in the Chinese and Indian economy, they are the main reason for the development in this region. This number will be increased in future also as its just start of their economic progress.

[ajrah]

Maybe the report is not right because if I have $100 and I go to Indonesia, that's 1,350,500 IDR does that make me a millionaire already? What about if I go to Vietnam, my $100 is equal to 2,221,600 VND.

[n2004al]

Maybe the report is not right because if I have $100 and I go to Indonesia, that's 1,350,500 IDR does that make me a millionaire already? What about if I go to Vietnam, my $100 is equal to 2,221,600 VND.

If you read the article all the data are in us dollar. There is no meaning that the title show the data in the currency of every country and the data in the article be in us dollar.

[jaysabi]

The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

Hundreds of millions of people are moving into the middle class in China. The increased economic activity is going to benefit the people who innovate and those who own the means of production the same way it did in America over the last 100 years, but it is happening on a vastly larger scale.

[operrajunk74]

Maybe the report is not right because if I have $100 and I go to Indonesia, that's 1,350,500 IDR does that make me a millionaire already? What about if I go to Vietnam, my $100 is equal to 2,221,600 VND.

Please recheck the report, all the data is based on and as per the US Dollar so it doesn't matter from which countries they belongs to, their wealth will remain the same. This is just a start of the economic development in Asia, in future there will be more and more millionaires and billionaires from Asia region.

[qiwoman2]

Asia now is the GO-TO place for development and is generating a huge amount of wealth and millionaires. Vietnam and Cambodia are also upcoming in manufacturing and the tourist trade and China has really set the pace for high end living and spending in luxury goods.

[Financial_Genius]

It's only normal since there are more people in China alone than in the EU and the US together. I've been following the car industry for many years, and it's been a while that Mercedes sells way more of its most expensive models in China than in Germany. The good thing being that many Chinese are investing abroad, though it's not so good for Londoners by example. Thousands of British people had to move to the suburbs because real estate prices have been rising fast due to Asian buyers.

This. In my opinion Asia has just started to catch up with the EU and the US. In future I expect 80-90% of new millionaires to come from Asia.

The Western societies have begun their societal and economic decline - the future growth regions are Asia and maybe South America.

ya.ya.yo!

Any facts or analysis to back these predictions up or is this just a hunch?

% of new millionaires is only relevant if shown as % of the population, so the different size of populations can be normalized. If China has a billion people it's easy for them to have significantly more millionaires than a small country like England.

Currently, China seeks to become a dominant shopping force in the world, and in the next ten years to "very hard" struggle in this direction. The Chinese in Europe mostly invest in the energy sector. This is followed by engineering and financial structure. In addition, Chinese investors own shares of Bank of America, Coca Cola, Apple and Visa.
While the U.S. is concerned that the cheapness of the yuan to benefit Chinese exporters, and plan to create a customs barrier for Chinese goods, China is getting stronger every day. The project of pipeline length of 1000 km, which will be annually transported 15 million tons of oil, at the same time indicates that in the next 10 years who will challenge the United States, and it seems that this situation will affect the balance of power in Asia. If you think that China and Russia are neighbouring countries and the forces of Asia, we can say that the efforts of Washington, attached outside of the region will not be easy.

[SaShiRaJaVu]

Maybe the report is not right because if I have $100 and I go to Indonesia, that's 1,350,500 IDR does that make me a millionaire already? What about if I go to Vietnam, my $100 is equal to 2,221,600 VND.

awesome thought,but it is not the case here,it is a global analysis and hence it is evaluated in US dollars,if you have a million bugs in what ever currency it is a million fiat figure  Asian countries are developing rapidly and remember the population in all of Asia,if you combine china ,india, pakistan , bangladesh there are a couple of billion people ,so it is a perfect place to start a business and if you are successful you are a millionaire 

[mastica]

Well i do believe those people are buying shares from others companies, they are investing, taking the risks like the big miners present at China, most of those companies are from chineses people, soo i dont see developed countries being able to keep making and generating milionaires as before.

[outatime1]

China has a chance to be a leader in technological advances. America and Japan may no longer be on the cutting edge when it comes to technology. But really globalization is changing the landscape in all areas.

[Diced90]

more population then us by a lot, so I can only expect theres more millionaires.

also its more of the factory based owners who walks away with that kind of money most I think.

I think I can relate to this has they say a high population is good for an economy as it provides a ready market for goods and services and secondly the bosses have access to cheap labor leaving them with alot of money to spend on themselves 💰💴💡

[TheHiveMind]

We know, as many occupy our hive....

~ The Hive ~

[clickerz]

China has a chance to be a leader in technological advances. America and Japan may no longer be on the cutting edge when it comes to technology. But really globalization is changing the landscape in all areas.

China may lead since they have many cash or having a big economy.Businessmen is flocking to ASIA especially in China, India and to Asean nations and this countries comprise of biggest consumer in the world.Bigger population means bigger market for your product.

[Yakamoto]

The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

Asians are known for their being hard working and persistent.  It is no wonder then that a large percentage of new millionaires comes from Asia.

Yes you are right, and the other thing is that every single major company from Europe or USA or any other part of the world is investing in China and other countries in Asia, because of the small amounts of money they are paying the people there. So China is a country with a large number of hardworking people, so they are happy that they have a job and the companies are happy too. Also, in the past several years the worldwide markets are full with cheap goods from China, so the owners make a good profit on the bases of cheap work force and cheap materials.

Now chinise worker does not work 24/7 for any money,chinse worker is working for few hundred bucks a month and has paid cost of life,apparment and food and travels to his families  during his holidays.Chinise workers is mostly specialist and knows english

China definitely used to be a very heavily industrial nation and it used to have effectively everyone working as long and as hard as tey could to produce goods, but it is true now that China is starting to develop a middle class. Which is good news, because it means there are fewer people slaving away at poor jobs to make ends meet.