Japan's rich have most cash in Asia, Chinese millionaires catching up

Indonesia showed a massive increase in total wealth held by HNWIs, to $661 billion from $184 billion in 2016

Japan’s rich have the largest accumulation of wealth in the Asia-Pacific region, at $7.7 trillion, but the legions of Chinese millionaires are rushing to catch up.

The pool of wealth held by China’s high-net-worth individuals grew by more than 144 percent between 2010 and 2017, to reach $6.5 trillion, according to the latest Asia-Pacific Wealth Report from consultants Capgemini. The equivalent rate of growth in Japan over the same period was about 87 percent.

More recently, India’s millionaires have been picking up the pace. Wealth held by Indian high-net-worth individuals rose close to 22 percent in 2017 compared with the