Private wealth around the globe increased 5% to $109.5 trillion last year, according to a new report on global wealth by Boston Consulting Group.
Most of the growth was centred in developing markets such as the Middle East and China, however, North America remained the wealthiest region with $39.2 trillion assets under management. Wealth in Asia totalled about $25.5 trillion in 2007, with Japan accounting for nearly half of this.