Ascent of the 'wealthy' dollar
The 2016 Cap-Gemini World Wealth Report numbers U/HNWI’s at 15.4m worldwide, worth $58.7tn. $3.35tn of this is going to non-bank corporate and project financing
LONDON, UK, June 23, 2016 /EINPresswire.com/ -- The 2016 Cap-Gemini World Wealth Report, the 20th, qualifies HNWI’s, as always, as those with investible assets of $1m or more not including the primary residence, disposables etc. In the 20 years since the Report was first published the global wealth map has changed dramatically, and none moreso than the 2016 report published today.For the first time, the Asia Pacific has overtaken North America for the highest population of HNWI’s (5.1m with $17.4tn and 4.8m with $16tn respectively). Indeed, this advance of the Asia Pacific market offsets a general global slow down in the growth of the market.
Notwithstanding, in that same 20 years total wealth held by HNWI’s has grown from $16.6tn in 1996 to $58.7tn in 2015. Most significantly this is projected to surpass $100tn by 2025. Given the accuracy of predictions by the Report over 20 years, there is no reason to doubt this.
The 2016 Report is very much focused on the wealth management sector, and highlights its failings when servicing its HNWI clients. And how the sector is ‘missing the mark’ when it comes to the provision of digital services.
But the focus of TheWealthJournal.net (TWJ) is on the deployment of private capital into the non-bank finance market. Unfortunately, even this far into its rapid growth over the past decade, it has been difficult to get a proper handle on the data that is undoubtedly being generated. But, maybe, we’re starting to get there…
See full feature HERE
David G Rose
TheWealthJournal.net
+44 1905 570365
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