The Millionaire Not Next Door

Planet Money reports on Asia’s millionaires: “For the first time, Asia’s millionaires have more money than Europe’s millionaires, according to a new?report.” Asia’s millionaires now control $9.7 trillion, compared to European millionaires’ $9.5 trillion. Furthermore, “[e]ight of the world’s 10 fastest-growing millionaire populations are in Asia.” Perhaps Gary Becker is right about the world’s new “center of economic gravity.”[%comments]