DESPITE the downturn, the combined wealth of millionaires in the Asia Pacific region rose 12.5% last year to a staggering $US9.5 trillion (K24.19 trillion, $A11.3 trillion) driven by demand for commodities, according to a new report by Merrill Lynch and Capgemini.
The third annual Asia Pacific Wealth Report examined the wealth of high net worth individuals living in Australia, China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea and Taiwan.
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