Global HNWI wealth forecast to top $70 trillion by 2017 (CapGemini). Looking ahead, global HNWI wealth is projected to grow by almost eight percent annually from the end of 2014 through to 2017, to reach US $70.5 trillion, led by Asia-Pacific at an anticipated growth rate of 10.3 percent. In a shift from recent years, Europe is expected to act as a more prominent engine of HNWI wealth expansion at 8.4 percent annually, as a result of improved optimism for a more substantial recovery throughout the region, while the wealth of HNWIs in North America is anticipated to grow by a more modest seven percent.
Global HNWI population and wealth expanded, ultra HNWIs who have wealth in excess of US$30 Million only make up 1% of HNWIs but account for approximately 35% of HNWI wealth. Asia and the pacific grew ultra HNWI wealth and population the most however slow expansion for Latin American HNWIs constrained wealth growth for both HNWIs and Ultra HNWIs globally. Capgemini World Wealth report 2015
Asia-Pacific recorded the highest HNWI population increases in 2014 (8.5%) and overtook North America to become the region with the most HNWIs (4.69 million, compared to North America’s 4.68 million). However on the wealth front, North America continued to have the greatest amount of HNWI wealth (US$16.2 trillion, compared to Asia-Pacific’s US$15.8 trillion). Capgemini World Wealth report 2015
Wealth inequality has widened in the aftermath of the financial crisis and this year was no exception high-wealth countries pushed up the wealth of some of the richest countries and people, resulting in increased wealth inequality. The top percentile of wealth holders now own just over half of the world’s wealth and the richest decile 87.7 percent Credit SuisseGlobal wealth is likely to continue grow at an annual rate of 6.5 percent in the coming years, reaching 345 trillion US dollars in 2020, 38 percent above the current level of wealth. Their share of the global wealth could rise to 19 percent by 2020, from 17 percent today. Both China and India are likely to post annual growth rates above 9 percent in the five coming years. Evolution of the wealth share in emerging markets Source: Credit Suisse
“Wealth is (nevertheless) still predominantly concentrated in Europe and the United States. However, the growth of wealth in emerging markets has been most impressive, including a fivefold rise in China since the beginning of the century,” said Credit Suisse CEO Tidjane Thiam
65,335 people have joined the ranks of the ultra-wealthy over the past decade – a rise of 61%. In total, there are now 172,850 individuals who hold wealth totalling $20.8tn, an increase of $700bn during 2014. Moving up the wealth brackets, nearly 1,180 people became centa-millionaires in 2014, taking the world’s total population of those worth over $100m to 38,280.
At the top of the wealth tree 53 individuals became billionaires last year, pushing global membership of this exclusive club to 1,844 an 82% rise from the number recorded in 2004. Knight Frank Wealth report 2015
The ultra-wealthy in Asia now hold more in total wealth, with net assets of $5.9tn, than those in North America, with $5.5tn. However, with a $6.4tn European UHNWIs still control the most wealth. Knight Frank Wealth report 2015
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