There are almost 2 million more millionaires this year than last year, according to the 2014 World Wealth Report complied by Capgemini and RBC Wealth Management, reports WealthManagement.com.

The number of high-net-worth individuals increased by 15 percent last year, totaling 13.7 million worldwide.

But where are these wealthy investors? Regionally, North America still claims the highest number of wealthy residents, expanding by 16 percent last year to 4.33 million. But Asia-Pacific is quickly narrowing the gap, increasing its population of high-net-worth individuals by 17.3 percent last year to 4.32 million.  For more details, see article at  Photo Gallery: Where in the World Do the Rich Live? | WealthManagement.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.