There are now more rich people in East Asia than in North America. Both have around 3 million millionaires and there are 11 million worldwide.
But don’t forget about the little countries. Japan still has three times as many millionaires as China.
And, if the rest of Asia were to unite they would outnumber China too. Perhaps, a strategic partnership could counter-balance the Rising Tiger.
Looking at the rest of the world, North America still has more money and really rich people – more billionaires than anyone lese. Europe is solidly in third place, while the Middle East is tied with Latin America. But only tied in terms of people, not overall wealth. I guess Latin Americans can buy bigger boats than Middle Easterners.