North America No Longer Home to Most Millionaires The honor now goes to Asia By Kate Seamons, Newser Staff Posted Jun 19, 2012 11:07 AM CDT 26 comments Comments Maybe it's not all about the Benajmins. (Getty Images) (Newser) – North America may have retaken one crown from Asia yesterday, but it was forced to relinquish another today: The latter is now officially home to the most millionaires in the world, according to a new report by Capgemini. Its 3.37 million millionaires, a boost of 1.6% over 2010, now outnumber North America's 3.35 million, down 1.1%. The report considers a millionaire to be someone with at least $1 million to invest, and doesn't factor in an individual's home or collectibles, among other assets, reports Reuters. Other interesting tidbits: Though the number of millionaires worldwide jumped 0.8% to 11 million, their total wealth dropped 1.7% to $42 trillion thanks to the eurozone mess and overall dour economic state of affairs. The only region that didn't see a dip in wealth? The Middle East. The countries that lost the most millionaires? India, down 18%, and Hong Kong, down 17.4%. The big surprise? Europe's millionaire ranks grew, up 1.1% to 3.2 million.