Asia-Pacific fuelled global HNWI population and wealth growth in 2017, generating 41.4% of all new global HNWI wealth. Both HNWI population and wealth grew by more than 12% in the region, confirming Asia-Pacific’s status as the powerhouse of HNWI growth ― globally.

Emerging markets drove more than 50% of new Asia-Pacific wealth generation. India was the fastest-growing market globally in 2017 with a growth rate of more than 20% in both HNWI population and wealth.

Double-digit growth in all wealth bands bolstered robust 2017 Asia-Pacific wealth expansion. Aligned with the global trend, Asia-Pacific ultra-HNWIs continued to be the fastest-growing wealth segment. In Asia-Pacific, India was the most fertile market for ultra-HNWI population (22.2%) and wealth (23.4%) growth.

Asia-Pacific HNWI wealth is predicted to surpass US$42 trillion by 2025, powered by emerging Asia markets. Due to remarkable performance in 2017, the compounded growth rate required to meet the projection shrank from 9.2% in 2016 to 8.7% in 2017.