World's Economic Center of Gravity Tilts to East
The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first
time as the world’s “economic center of gravity” continued moving east, Citigroup’s private bank said.
There were 18,000 “centa-millionaires” in Southeast Asia, China and Japan at the end of 2011, compared with
17,000 in North America and 14,000 in Western Europe, the bank said on Wednesday in The Wealth Report
2012, published in partnership with Knight Frank.