But whether the centa-millionaires open their wallets or not, Asian economies are confronting some tough fundamentals.

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The number of these so called centa-millionaires has gone up by 29% since 2006.

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The forecasted increase of U.S. millionaires between 2011 and 2016 calls for 23% more centa-millionaires alone.

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In the meantime, he, like every other billionaire or centa-millionaire are wise to use whatever advantages the tax code offers them.

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PRAGELATO, Italy -- Giorgio di Centa gave hosts Italy a fairytale finish to the Games by winning the final cross-country skiing event in a thrilling sprint finish.

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Russia will have 76% more centa-millionaires over the period, with India and China more than doubling their uber-rich population by 114% and 106% respectively, according to The Wealth Report.

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Di Centa, brother of former Olympic champion Manuela di Centa, is the first athlete from outside Scandinavia or the former Soviet Union to win the Olympic 50km race, the most prestigious on the cross-country program.

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And over the next five years, wealth is set to rise rapidly across the Asian continent: KPMG estimates that centa-millionaires may increase by 114 percent in India, 76 percent in Russia and 65 percent in Hong Kong.

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