Asia-Pacific 2019 wealth growth trails US, Europe: Capgemini
Add BT as a preferred source
Genevieve Cua
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.
TRENDING NOW
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Vietnam loosens bank safeguards to spur growth, stoking prudential concerns
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?
