Asia-Pacific 2019 wealth growth trails US, Europe: Capgemini
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Genevieve Cua
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Singapore
THE wealth and number of high net worth individuals (HNWI) in the Asia Pacific grew at a slower pace than the US and Europe for the first time since 2012, the latest World Wealth Report 2020 by Capgemini has found.
Wealth in the Asia Pacific expanded by around 8 per cent overall in 2019, compared to the average global HNWI growth rate of 9 per cent. North America saw an 11 per cent rise in both HNWI population and wealth, compared to a 1 per cent decline in 2018. Europe's HNWI growth came in at almost 9 per cent.
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