By the year 2026, people with assets worth $30m and above will grow by 43% - Reports

Going by the just released annual Knight Frank Wealth Report, the number of people with assets worth $30 million or more will grow by 43% over the next 10 years.

The report which is based on research by New World Wealth, predicts that Asia's ultra-rich population will nearly double by 2026 to more than 88,000. China and India will see increases of 140% and 150%, respectively.

China's economy is expected to slow gradually over the decade, but its tech, media, entertainment, and health care sectors are expected to defy the trend and produce more super-rich business people.

Vietnam will see the biggest percentage increase, with its small population of ultra-wealthy expected to grow by 170%. North America is also expected to see strong growth, with its ultra-rich numbers swelling by 31% to nearly 96,000. The region is currently home to the largest population of wealthy individuals while Canada will see a 50% increase.

The growing ranks of multi-millionaires aren't expected to merely keep their money in local banks. The report found that, on average, the ultra-rich have 24% of their money invested in property.