Asia to Lead the World’s "Rich List" by 2050

Asia is poised to become the world's "economic center of gravity," with Singapore set to have the richest residents in the world by 2050, with an estimated per capita income of $137,710, according to the 2012 Wealth Report.

The report predicts that Asia will boast wealthier residents than any other continent, with Hong Kong, Taiwan and Korea topping the list of richest locales. The only Western nation to make the top five is the U.S., which is expected to be at its strongest economically in 2016, with an estimated per capita income of $100,802 by 2050.