Want to Be a Millionaire? Move to Hong Kong

pundit from another planet

A luxury car parks at an old district area in Hong Kong Wednesday Jan. 15, 2014. Associated PressA luxury car parks at an old district area in Hong Kong Wednesday Jan. 15, 2014.Associated Press

For China Real Time ReportJason Chow writes: Hong Kong mints millionaires faster than any of the world’s other top 25 economic powerhouses, according to a new survey on the rich by Capgemini and RBC Wealth Management.

“Hong Kong is a particularly fertile place for millionaires.”

Tis the season of wealth reports – the new 2014 World Wealth Report is the second global survey of the world’s rich in as many weeks (Boston Consulting Group released its wealth tome last week). And again, the latest survey confirmed an obvious outcome of Asia’s economic boom: The region is home to more millionaires than ever.

“The city’s booming real-estate market, along with its ties to China, were cited as reasons for the huge surge in the wealthy ranks.”

But the Capgemini/RBC…

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