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Asia-Pacific Now Leads the World in High Net Worth Population and Wealth – Report

economy

Asia-Pacific wealth projected to top US$42 trillion by 2025, led by emerging Asia markets

One year after recording the highest population of high net worth individuals (HNWI), the Asia-Pacific region now leads the world with the largest amount of HNWI wealth, according to the recent Asia-Pacific Wealth Report 2016, published by Capgemini. Asia-Pacific HNWI wealth grew 9.9 percent in 2015 to US$17.4 trillion, growing 5.8 times the 1.7 percent ‘Rest of the World (RoW)’ growth rate. The HNWI population grew by 9.4 percent to pass 5 million, growing 3.5 times the RoW growth rate of 2.7 percent. If growth rates of the last decade sustain through the next one, the region’s HNWI wealth could surpass US$42 trillion by 2025, according to the report.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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