HNWI Market Expands

Growth Continues as Global HNWI Wealth Breaks the US$70 Trillion Mark

The improving global economy spurred HNWI wealth to surpass the US$70 trillion threshold for the first time, registering its sixth-consecutive year of gains to grow 10.6%. The year 2017 was the second fastest year of HNWI wealth growth since 2011 (bested only by 13.8% growth in 2012-2013).

 

Asia-Pacific and North America powered HNWI population and wealth growth, accounting for 74.9% of the increase in global HNWI population (1.2 million new HNWIs) and 68.8% of the rise in HNWI wealth (US$4.6 trillion in new HNWI wealth). Europe’s strong performance continued in 2017 with 7.3% HNWI global population growth and 7.8% HNWI wealth growth. Most of European markets performed well, with Ireland the leader in HNWI population growth (15.3%) and HNWI wealth growth (16.3%).

 

The four largest markets and ultra-HNWIs drove overall HNWI population growth in 2017. The United States, Japan, Germany, and China represented 61.2% of global HNWI population in 2017 and accounted for 62.0% of all new HNWIs created globally.

 

As we originally predicted in the WWR 2016, global HNWI wealth is expected to reach US$106 trillion by 2025, with global HNWI wealth needing to expand at a relatively lower annual rate of 5.3% to hit this mark, down from the 5.9% projected last year.

World Wealth Report 2018

The World Wealth Report 2018 from Capgemini, which is the industry’s leading benchmark for tracking high net worth individuals (HNWIs), is now in its 22nd year. This edition of the report looks at the latest dynamics in HNWI population and wealth, while analyzing macroeconomic conditions that drive change in the Wealth Management industry.

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