Asia-Pacific HNWI Market Expands

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.

Asia-Pacific Wealth Report 2018

The Asia-Pacific Wealth Report 2018 from Capgemini is the industry leading benchmark for tracking the evolution in the number of high net worth individuals’ (HNWIs) and their wealth, as well as investment behaviors and practices in the region. The 2018 edition delves deeper into hybrid advice models and how the potential entry of BigTech firms (Google, Amazon, Alibaba, Tencent, Apple etc.) will impact the industry. The report also discusses the ways firms are responding to potential business model shifts to be prepared for future.

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