Asia-Pacific 2019 wealth growth trails US, Europe: Capgemini
Add BT as a preferred source
Genevieve Cua
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
