Most of the wealth was in Asia-Pacific, but North America came just 0.8 percent short with 18 percent of the global wealth. Europe placed third with 14.7 percent.

Similarly, most millionaires resided in the Asia-Pacific region, 5.5 percent of them in total. North America followed suit, hosting 5.2 percent of the world’s millionaires and Europe had 4.5 percent of millionaires.

Russia, Brazil, and Canada reversed previous declines and helped boost last year’s figures.

“Russia recorded the fastest growth, at about 20 percent for both its HNWI population and wealth, following modest 2015 decreases. Brazil had double-digit increases in both population and wealth, following a significant decline in 2015,” Capgemini said in a statement.

The study covers 71 countries, accounting for more than 98 percent of global gross national income.

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