Indonesia's growing HNWIs present 'opportunity for wealth managers'

Pedro Gonçalves
clock • 2 min read

The number of wealthy individuals in Indonesia is set to grow in the next years, giving wealth managers a significant opportunity according to data and analytics firm GlobalData. The HNW population is expected to grow at an average of 7.7% annually over the next four years: from an estimated 40,400 in 2018 to 51,900 in 2022, said GlobalData in its report Indonesia Wealth Management: Opportunities and Risks to 2022. The number of mass affluent individuals - defined as those with liquid assets of $50,000 to $1m - has risen from 943,370 in 2014 to an estimated 1.3 million in 2018, repres...

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