High-net-worth individuals in the region will lead the world in population and accumulated wealth as early as next year. They are becoming more digitally focused, too, finds a survey.
Tag : capgemini
Growth in the number and wealth of high-net-worth individuals in Asia will outstrip North America within three years, although it will be a tight race, finds a benchmark survey.
The world’s most populous region for high-net-worth individuals sees its community grow marginally, despite declines in Hong Kong and India on the back of stock market slumps.
The region has surpassed North America for the first time, but while the global HNWI population rose last year, total wealth declined.
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The region now boasts 3.3 million high-net-worth individuals and has driven the global level of wealth above pre- crisis levels of 2007, finds the World Wealth Report 2011.
The city’s high-net-worth population is still well behind its 2007 peak asset level despite having rebounded, according to the Asia-Pacific Wealth Report 2010, which underpins some key trends and offers allocation forecasts.
The ranks of the truly wealthy have swelled, with Asia leading the recovery, according to the Merrill Lynch Global Wealth Management/Capgemini World Wealth Report.
Hong Kong's high-net-worth crowd were the hardest hit in Asia-Pacific by the financial crisis, according to the annual wealth report from Capgemini and Merrill Lynch.
The global financial crisis has caused the assets of the world's high-net-worth individuals to fall by an unprecedented 19.5% to $32.8 trillion.