WASHINGTON, D.C.: The amount of private wealth in the booming Asia-Pacific region excluding Japan will overtake Europe this year and the United States 2018, according to a new study by Boston Consulting Group.

Private financial wealth around the world increased by 14.6 percent last year to $152.0 trillion helped by rebounding stock markets, with the Asia-Pacific region seeing a 30.5 percent jump, the BCG report said.

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