![Asia-Pacific to leave N.America behind as world’s richest region by 2016 – study Asia-Pacific to leave N.America behind as world’s richest region by 2016 – study](https://mtic.us/wp-content/uploads/2015/06/asia-pacific-wealth-growth.si_-310x168.jpg)
The Asia-Pacific region has overtaken Europe in terms of global wealth management for the first time, becoming the world’s second wealthiest region with $47 trillion says a report released by BCG. It’s on the way to overtaking North America next year.
In 2019 private wealth in the countries in the Asia-Pacific area is expected to account for one-third of global wealth, according to the report published Monday.