North America leads HNWI wealth growth in 2019
Stock markets shine in a slowing economy to drive up HNWI wealth in 2019
In 2019, global HNWI population and wealth increased by 8.8% and 8.6%, respectively. For the first time since 2012, North America surpassed Asia-Pacific’s performance to lead at 11% HNWI population and wealth growth. Global wealth growth was supported by strong stock market performance, driven by accommodative monetary policies in various countries and technology sector optimism. Based on our analysis of various market and economic parameters, a quick estimate shows a decline of 6–8% in the global HNWI wealth till the end of April 2020 (vs the end of 2019).
Global HNWI wealth increases in 2019
World Wealth Report 2020
The World Wealth Report is the industry’s leading benchmark for tracking high net worth individuals (HNWIs), their wealth, and the global and economic conditions that drive change in the Wealth Management industry. This edition of the report explores how hyper-personalized offerings and operating model optimization are crucial in today’s extraordinary uncertainty.Download now