Wealth-X Announces Country Rankings for UHNW in Asia

Leading Intelligence Firm Offers Wealth and Asset Managers A Map To Growth

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May 11, 2011, 02:47 ET

SINGAPORE, May 11, 2011 /PRNewswire/ -- Wealth-X, the world's foremost UHNW prospecting, intelligence and wealth diligence solution, today announced the publication of its latest intelligence briefing. After analyzing proprietary research generated from the Wealth-X database, including data from a wide range of government, banking and media sources, Wealth-X estimates nearly 43,000 individuals across Asia worth more than US$ 30 million. This briefing examines the rapidly growing presence of UHNW individuals across Asia, and has ranked the top 14 countries in the region according to UHNW counts.

Japan is listed as #1 in the Wealth-X rankings with a total of 13,000 UHNWs. Mainland China and India are placed as #2 and #3 correspondingly, with a combined worth exceeding US$ 2.5 trillion. Research shows that both Mainland China and India lead the Asian charge with nearly 20,000 UHNW individuals between the two countries. Hong Kong comes in as #4 with 3,200 UHNW individuals, while Taiwan is placed as #7 with 1,050 UHNW individuals.

Singapore, one of two leading private banking hubs in the region, features in at #6 with 1,350 UHNW individuals who are worth at least US$ 160 billion. Additional pockets of wealth include Indonesia, which is home to 575 UHNW individuals worth US$ 70 billion in aggregate, while Malaysia and Thailand stand at #8 and #9 respectively. Positioned at #14 on the list is Sri Lanka, which consists of 60 UHNW individuals collectively worth at least US$ 10 billion.

The combined wealth of UHNW individuals across Asia amounts to a total of US$ 6.2 trillion when accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other investible assets. "Our research analysts have been intently monitoring the rising profile of Asian UHNW individuals, showing that wealth and asset managers must understand the scale and potential of the extreme wealth being generated in this emerging market," says Wealth-X Chief Executive Officer, Mykolas Rambus.

About Wealth-X

Wealth-X is the global leader in helping private wealth managers, luxury brands, not-for-profits and education institutions prospect, understand and conduct wealth diligence on the UHNW. The firm's online business development solution is the worldwide standard for professionals working with the ultra-affluent. Wealth-X is the international authority on UHNW individuals, including their wealth, income, passions, philanthropic interest, affiliations, politics, advisors, families and biographies.

For a copy of the full report, please visit http://www.wealthx.com/index.php?id=whitepaper

SOURCE Wealth-X