Asia to see 140% rise in HNIs by 2015 : CLSA

Asia is likely to get richer, with the number of high net-worth individuals (HNWIs) in the region pegged to touch the 2.8 million-mark in the next four years, driven by robust economic growth, a high savings ratio and the rise of Asian exchange rates, says a report. According to a report by brokerage and investment group CLSA Asia-Pacific Markets, titled, ‘Fat Cats in Fast Lanes: Surge in High Net-Worth Individuals’, there were 1.2 million wealthy Asians in the year 2010, which is likely to swell to 2.8 million by 2015, translating into a 140 per cent increase.

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