China Riches Fuel Asia as World Wealth Tops $150 Trillion

Rich Chinese helped make Asia the fastest-growing region for affluent families as the increase in global wealth accelerated last year, according to a study by Boston Consulting Group.

Private wealth in the Asia-Pacific region excluding Japan jumped 31 percent to $37 trillion in 2013, supporting a 15 percent advance to $152 trillion globally. That outpaced the 8.7 percent worldwide growth in 2012 and provided a boost to companies that oversee funds for the rich, the Boston-based firm said in its 14th annual report on the subject.