Number of ‘super-rich’ at an all-time high

The number of high-net worth individuals (HNWIs) — that is, those with assets worth more than US$1m (£750,000) excluding their primary residence — jumped by 7.5% last year to a new record of 16.5 million people, as outlined in a new report.

The annual Capgemini Wealth Report noted that Russia had recorded the highest growth, up 19.7% to 182,000 people, making it number 15 in the world, with Brazil showing double-digit increases in both population and wealth, following a significant decline in 2015.

As well as a boost in the number of wealthy individuals in the world, the amount they own is also up significantly, by 8.2% compared to 4% in 2015.

The total wealth owned by this group now stands at $63.5trn, and Capgemini forecasts this figure to exceed $100trn by 2025.

The US, unsurprisingly, has the highest number of HNWIs, with more more than 4.8 million.

 Second is Japan, with 2.9 million, while Germany is in third place with 1.2 million.
China comes fourth, with 1.1 million and, says the report, these four countries combine to account for almost two-thirds of the world’s millionaires at 61%.

 

ABOUT THE AUTHOR
Eugene Costello
Eugene Costello has been a journalist for some 20 years, and has written for a wide variety of UK and international newspapers and magazines.

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