2020 world super Wealth Report From Wealth-X

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The following is the 2020 world super Wealth Report From Wealth-X recommended by recordtrend.com. And this article belongs to the classification: Consumer research, research report.

Wealth-x released the eighth edition of the world’s super Wealth Report. The segment grew by 9.5% in 2019, reaching 290720 people worldwide. Compared with the steady growth in 2018, this is a sharp acceleration. In addition, the total net assets of the ultra-high net worth group increased by 9.7% to $35.4 trillion.

The vid report also shows a significant decrease in the wealth of the population at the beginning of the year 2020. By the end of August, ultra high net worth individuals and their collective wealth had shown a significant recovery and rebounded to levels at the end of 2019.

Main insights:

Wealth is booming in North America: in 2019, North America remains the world’s largest wealth center, with the number of super rich people increasing by 14.5%, accounting for 36% of the world’s super rich population. Collective net assets grew almost the same, by 14.4%, to $12.4 trillion.

Despite the new challenges, Asia has achieved double-digit growth (10.2% to 83310) in 2019, making it the second largest region for uhnwps. China’s largest wealth market has achieved two digit growth, including Chinese mainland, Japan, China Hongkong and India. The net assets of Asia’s ultra-high net worth population increased by 10% to $10.4 trillion, equivalent to 29% of the net assets of the world’s super rich.

The top 10 countries account for nearly 3 / 4 (73%) of the world’s ultra-high net worth population and 72% of the total wealth. The United States is still far ahead of other countries in the wealth market, while the mainland of China consolidates its second place position. In 2019, Japan hit its highest level of ultra-high net worth growth in a decade. It is worth noting that India has entered the top ten countries for the first time.

Covid-19 has greatly affected the super rich. As of March 2020, the net assets of the world’s super rich are 28% lower than in 2019. By the end of August, the ultra-high net worth population recovered, 3% less than the level at the end of 2019, and 9% less wealth.

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