The Asia-Pacific region has overtaken Europe in the area of private financial wealth in 2014. The Boston Consulting Group estimated that East and West Europe holds a private wealth of $42.5 trillion, while the Asia-Pacific (Japan not included) is growing at a fast pace and now holds $47.3 trillion. They are also expected to ave more than one-third of the $222 trillion global total by 2019.
Asia-Pacific (Japan not included) will surpass the North America's private financial wealth by 2016.
BCG's estimate of total financial wealth:
- North America: $50.8 trillion (+5.6%)
- Asian-Pacific (Japan not included): $47.3 trillion (+29%)
- Western Europe: $39.6 trillion (+6.6%)
- Japan: $14.3 trillion (+2%)
- Middle East and Africa: $5.7 trillion (+9.4%)
- Latin America: $3.7 trillion (+10.5%)
- Eastern Europe: $2.9 trillion (+18.8%)
