Five Defining Features of Asia Pacific’s HNWI Population in 2015

The Asia Pacific region saw slower economic growth in 2015 but that didn’t stop the number of high-net-worth individuals (HNWIs) and their aggregate wealth from expanding, according to research by CapGemini, a financial services firm.

CapGemini classifies HNWIs as those with more than US$ 1 million in investable wealth and here are five ways this market in the Asia Pacific region evolved in 2015:

#1: Total HNWIs in Asia Pacific grew 9.4% YoY to 5.1 million

The total amount of people classed as high-net-worth in the Asia-Pacific region grew to 5.1 million, accounting for a third of the 15.4 million total estimated globally and exceeding the 4.8 million estimated for North America, and the 4.2 million estimated for Europe.

Fig. 1: Global Distribution of HNWIs, 2010-2015

Source: CapGemini, Global Wealth Report 2016

#2: Asia-Pacific HNWIs saw their accumulated wealth grow to $17.4 trillion

Asia-Pacific’s HNWIs sat on a total of US$17.4 trillion at the end of 2015, a 9.4% increase compared with 2014 which moved the region ahead of the US$16.6 trillion in aggregate wealth marked down for North America.

Fig. 2: Total Wealth of Global HNWIs, 2010-2015 (US$ Trillions)

Source: CapGemini, Global Wealth Report 2016

#3: The total number of HNWIs grew fastest in China and Japan

Japan and China had 2,720 and 1,034 HNWIs, respectively, at the end of 2015, up 11% and 16% y-o-y, according to CapGemini. All this occurred despite slower growth and a weaker stock market in China, and the Japanese government’s stalling stimulus program.

#4: Compared to other regions, Asia Pacific HNWIs are more internationally-minded

67.8% of Asia-Pacific HNWIs surveyed in the report reported that they held investments outside of their own country, compared with 53.% in North America, 49.7% in Europe and a global average of 53.9%.

#5: The total wealth of Asia-Pacific HNWIs is estimated to grow to US$ 42.1 Trillion by 2025

Asia-Pacific HNWIs are here to stay and will constitute the largest and fastest growing wealth market in the world by 2025, with wealth growth of 142% expected in the region, compared with 54.4% in North America and 80.7% for the world as a whole.

Fig.3: HNWI Wealth Projection, 2006-2025

Source: CapGemini, Global Wealth Report 2016

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