Over the last 20 years the global high net worth individuals (HNWI, millionaires and billionaires) have increased by four times.
The Asia-Pacific region has 5.1 million HNWIs, compared to North America’s 4.8 million, but for the first time has also pulled ahead in terms of wealth. The region has $17.4 trillion held by HNWIs versus $16.6 trillion in North America and $13.6 trillion in Europe. The global figure is projected to surpass $100 trillion by 2025 — nearly triple the amount in 2006 — if the growth rates of the last decade continue, propelled predominantly by Asia-Pacific countries. Japan and China drove close to 60% of the global HNWI population growth in 2015.
HNWIs are defined as those having investable assets of $1 million or more, excluding primary residence and other consumer goods.
SOURCES – CapGemini