HONG KONG (AP) — A report says Asia's rich got richer last year but fell to second place in combined wealth behind North America, though the region may regain the top spot again as soon as next year.
The report Wednesday by CapGemini and RBC is the latest in a number of recent surveys highlighting the strong rise in the region's wealthy while also hinting at persistent inequality.
It says Asia's wealthy population grew 9.4 percent in 2012 to 3.7 million people and their combined wealth rose 12.2 percent to $12 trillion.
Economic growth, strong stock markets, rising property prices and the region's high savings rates helped boost fortunes.
The report defines wealthy as those with at least $1 million in liquid assets.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
A recent Christmas Eve tradition that's become increasingly popular in Santa Fe has been shot down.
Police said a homeowner and his 11-year-old son stopped two burglars dead in their tracks. They walked in on the alleged heist, but weren't about to let the suspected thieves get away with it, and they got creative with the way they …
What happened to one of four local officers shot in a dramatic October chase now has the attention of city, county, and even state lawmakers as they discuss proposing a policy that would ensure she will be the last first responder to get …
Albuquerque police have now identified the suspect shot by officers on Sunday, and he's a man whose past includes at least one fight with police and several other violent incidents.
A pair of Lobo football players were honored by the Mountain West on Tuesday.
A Sheriff's Deputy who was fired for forging a certificate of completion for a training course she did not complete caught a break from the New Mexico Law Enforcement Academy Board.