ndia and China saw the sharpest rise in the number of millionaires last year, according to a new study, and wealth in the Asia-Pacific region is expected to grow 8 percent a year to 2012, even amid a global economic slowdown. The study, by Merrill Lynch and Capgemini, found that the number of millionaires in grew 22.7 percent in India last year and 20.3 percent in China, compared with a global average of 6 percent and a regional average of 8.7 percent. China, with 415,000 millionaires, replaced France as having the fifth largest millionaire population. (Reuters)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Who are the real gay marriage bigots?
- Sorry Belle Knox, porn still oppresses women
- What would a U.S.-Russia war look like?
- What the collapse of the Ming Dynasty can tell us about American decline
- Religious liberty should be a liberal value, too
- Watch The Daily Show mock Fox News' confused man-crush on Vladimir Putin
- Why is American internet so slow?
- Why states should stop limiting the alcohol content in your beer
- Don't worry: World War III will almost certainly never happen
- 10 things you need to know today: March 8, 2014
Subscribe to the Week