|
Laxman Pai, Opalesque Asia: The global high-net-worth individuals (HNWIs) (with investable assets of USD1 million or more)population rose by 2.6% in 2024, says Capgemini.
The Capgemini Research Institute's World Wealth Report 2025 finds that this increase was driven by the growth in the population of ultra-high-net-worth individuals (UHNWIs), which grew by 6.2%, as strong stock markets and optimism about AI-boosted portfolio returns.
The data indicates that alternative investments (commodities, currencies, private equity, hedge funds, structured products, and digital assets), such as private equity and cryptocurrencies, are now an established presence in HNWI holdings, representing 15% of their portfolios.
According to the report, Europe's HNWI population declined by 2.1% due to economic stagnation in major countries, with the United Kingdom, France, and Germany losing 14,000, 21,000, and 41,000 millionaires, respectively. In contrast, Europe's UHNWI population rose 3.5%, reflecting increased wealth concentration.
Asia-Pacific's HNWI population increased by 2.7%, with notable variability across the region, it said.
Meanwhile, Latin America's HNWI population declined 8.5%, due to currency depreciation and fiscal instability. Brazil (-13.3%) and Mexico (-13.5%) witnessed the biggest population declines.
The Middle East's HNWI population declined 2.1%, driven by lower oil prices.
Within the largest individual markets, the U.S. was the clear leader, addin...................... To view our full article Click here
|
RSS
