Without including Japan, the Asia-Pacific region would account for more than 40 per cent of global wealth growth over the coming half-decade, the report said. Most of that will be in China and India. Photo: Reuters

Elite 1 per cent hold almost half the world’s wealth

About 18.5 million households around the world have at least US$1 million worth of assets, for a total of US$78.8 trillion – or about the same size as global annual economic output – according to a new report

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Without including Japan, the Asia-Pacific region would account for more than 40 per cent of global wealth growth over the coming half-decade, the report said. Most of that will be in China and India. Photo: Reuters
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