High-net-worth individual (HNWI) wealth and population grew by almost 9 percent globally in 2019, despite a global economic slowdown, international trade wars and geopolitical tensions, according to the World Wealth Report 2020 from Capgemini.
North America and Europe took the lead, with around 11 percent and 9 percent growth, respectively, surpassing Asia Pacific (with 8 percent) for the first time since 2012.
In North America, an 11 percent increase in both HNWI population and wealth (compared with a 1 percent wealth decline in 2018) meant the region accounted for 39 percent of global HNWI population gains and 37 percent of wealth growth in 2019. European performance topped that of Asia-Pacific and Latin America, with HNWI population and wealth growing at almost 9 percent. Despite robust market performance from several Asian countries, including Hong Kong, China and Taiwan, APAC overall expanded by 8 percent in 2019, falling behind the average global HNWI gr
