<p>According to Boston Consulting Group's Global Wealth report, Kuwait, Qatar and the United Arab Emirates were placed at the fourth, fifth and sixth spots in the list.<br /><br />Singapore led the league table for the highest proportion of millionaire households at 11.4 per cent followed by Hong Kong and Switzerland.<br /><br />The US had the seventh-highest density of millionaires at 4.1 per cent, the report said.<br />Global wealth staged a comeback in 2009, increasing by 11.5 per cent to USD 111.5 trillion, just short of the year-end peak set in 2007, according to group's report.<br /><br />"There's no doubt that wealth will continue to grow faster in emerging markets, fuelled by strong economic growth," said Tjun Tang, a BCG partner and report co-author.<br /><br />"We expect Asia-Pacific, excluding Japan, to grow at nearly twice the global rate, raising its share of global wealth from 15 percent in 2009 to almost 20 percent in 2014."<br /><br />The consultancy predicted global wealth would grow at an average annual rate of nearly six per cent from year-end 2009 through 2014.<br /><br />This was slower than the 2009 recovery but still higher than the 4.8 per cent annual growth rate from year-end 2004 through 2009.<br /><br />But the rebound in wealth should not be seen as a return to business as usual, the report said, adding that client trust and wealth manager performance are still lower than they were before the global economic crisis.<br /><br />The United States had by far the most number of millionaires at 4.7 million, followed by Japan, China, the United Kingdom, and Germany.</p>
<p>According to Boston Consulting Group's Global Wealth report, Kuwait, Qatar and the United Arab Emirates were placed at the fourth, fifth and sixth spots in the list.<br /><br />Singapore led the league table for the highest proportion of millionaire households at 11.4 per cent followed by Hong Kong and Switzerland.<br /><br />The US had the seventh-highest density of millionaires at 4.1 per cent, the report said.<br />Global wealth staged a comeback in 2009, increasing by 11.5 per cent to USD 111.5 trillion, just short of the year-end peak set in 2007, according to group's report.<br /><br />"There's no doubt that wealth will continue to grow faster in emerging markets, fuelled by strong economic growth," said Tjun Tang, a BCG partner and report co-author.<br /><br />"We expect Asia-Pacific, excluding Japan, to grow at nearly twice the global rate, raising its share of global wealth from 15 percent in 2009 to almost 20 percent in 2014."<br /><br />The consultancy predicted global wealth would grow at an average annual rate of nearly six per cent from year-end 2009 through 2014.<br /><br />This was slower than the 2009 recovery but still higher than the 4.8 per cent annual growth rate from year-end 2004 through 2009.<br /><br />But the rebound in wealth should not be seen as a return to business as usual, the report said, adding that client trust and wealth manager performance are still lower than they were before the global economic crisis.<br /><br />The United States had by far the most number of millionaires at 4.7 million, followed by Japan, China, the United Kingdom, and Germany.</p>