The Capgemini Research Institute’s World Wealth Report 2025 has revealed the global population of high-net-worth individuals (HNWIs) rose by 2.6 percent in 2024. Now in its 29th edition, the report finds this increase was driven by the growth in the population of ultra-high-net-worth individuals (UHNWIs), which grew by 6.2 percent, as strong stock markets and AI optimism boosted portfolio returns.
The data indicate alternative investments, such as private equity and cryptocurrencies, are now an established presence in HNWI holdings, representing 15 percent of their portfolios.
A favorable interest rate environment and strong U.S. equity market returns helped boost wealth creation in 2024. North America saw the biggest gains, with the HNWI population rising by 7.3 percent. In contrast, Europe, Latin America and the Middle East saw declines in their HNWI populations, as macroeconomic challenges weighed.
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