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18.1 Million HNWIs with $70.2 Trillion Averaging $3.87 Million Each in 2017

18.1 Million HNWIs with $70.2 Trillion Averaging $3.87 Million Each in 2017

The world has 18.1 million HNWIs (High Net Worth Individuals) with total wealth of $70.2 trillion in 2017, in the latest World Wealth Report 2018 Report released by Capgemini.  On average, each HNWI has an individual wealth of $3.87 million.

” 18.1 Million HNWIs with $70.2 Trillion Averaging $3.87 Million Each in 2017 “

HNWIs population grew from 16.6 million to 18.1 million in 2017, adding 1.5 million more HNWIs.  The total wealth of HNWIs grew from $63.5 trillion to $70.2 trillion in 2017, adding $6.7 trillion of wealth to the HNWIs population.  Asia-Pacific has the most HNWIs with 6.18 million while North America has 5.66 million and Europe with 4.83 million.  Asia-Pacific HNWIs also held the most wealth with $21.59 Trillion, North America has $19.79 Trillion while Europe has $15.85 Trillion.

HNWI Population 

  • Asia-Pacific 6.18 Million (+12.1%)
  • North America 5.66 Million (+9.9%)
  • Europe 4.83 Million (+7.3%)
  • Latin America 0.60 Million (+7.3%)
  • Middle East 0.66 Million (+2.1%)
  • Africa 0.17 Million (+0.69%)

HNWI Wealth

  • Asia-Pacific $21.59 Trillion (+14.8%)
  • North America $19.79 Trillion (+10.3%)
  • Europe $15.85 Trillion (+7.8%)
  • Latin America $8.74 Trillion (+8.8%)
  • Middle East 2.49 Trillion (+2.9%)
  • Africa $1.7 Trillion (+0.3%)

HNWIs are defined as those having investable assets of US$1 million or more, excluding primary residence, collectibles, consumables, and consumer durables.

Source: Capgemini

 

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 Asset Managers, Billionaire, Family Office, Financial, Fund Managers, Global, Global Banking, Global Economics, Global Investment, HNW, Investment Bankers, News, Portfolio Management, Private Bankers, Private Equity, UHNW, Wealth Management

Paradise Papers Reveals Famous Celebrities, Politicians and Billionaires in Appleby’s Data Leak

 Paradise Papers Reveals Famous Celebrities, Politicians and Billionaires in Appleby’s Data Leak

The Paradise Papers have exposed hundreds of politicians, multinationals, celebrities and high-net-worth individuals.  Famous celebrities in the papers includes Lewis Hamilton, Madonna, Shakira, Keira Knightley, U2 singer Bono and Amitabh Bachchan.  Corporations and businessmen names includes Apple, Nike, Facebook, Glencore, Private Equity firm Blackstone, George Soros, Microsoft co-founder Paul Allen Microsoft and Irish Billionaire Dermot Desmond.

” Madonna, Shakira, Lewis Hamilton, Nike, Apple, Facebook names mentioned in Paradise Papers “

Royalties, politicians and ex-politicans were also listed in the papers with names like Queen Elizabeth II, Prince Charles, former Japanese Prime Minister Yukio Hatoyama, family members of former Japanese Prime Minister Yukio Hatoyama, former Pakistan Prime Minister Shaukat Aziz and a Cayman Islands trust managed by Canadian Prime Minister Justin Trudeau.

Questionable deals mentioned includes Twitter and Facebook received hundreds of millions in investments that are traced to Russian state financial institutions, two billionaires buying stakes in Arsenal and Everton football clubs and Prince Charles for not disclosing his private estate had an offshore financial interest while promoting altering climate-change agreement.

The name of the “Paradise Papers” was chosen due to the idyllic profiles the offshore jurisdictions such as Bermuda as tax havens, and is also a French term for a tax haven – paradis fiscal.  It contains 1,400 GB of data and 13.4 million of documents.  The leak came from legal service provider Appleby, corporate service provider Estera and Asiaciti Trust.  German newspaper Süddeutsche Zeitung, obtained the original data and documents.  The International Consortium of Investigative Journalists are currently working on the project to uncover more insights.

Leaks since 2010:

  • Panama Papers in 2016
  • Bahamas leaks in 2016
  • Swiss leaks in 2015
  • Luxembourg leaks in 2014
  • Offshore leaks in 2013
  • Wikileaks or “cablegate” in 2010.

Source: BBC, The Guardian, Business Insider, ICIJ

 

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The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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 Asia Pacific, Financial, HNW, News

Guangdong Province Takes Over Beijing with the Most Multi Millionaires

Guangdong Province Takes Over Beijing with the Most Multi Millionaires

The Hurun Research and China CITIC Bank Private Banking have jointly published a reported titled “Going Global: Trends of Chinese High Net Worth Individuals 2016”. The report shows that as of May 2016, Guangdong province has taken over Beijing to become the place with the most multi millionaires this year.

“There are now about 240,000 people in Guangdong with assets more than 10 million yuan (US$ 1.47 million).”

~China Daily

There are now about 240,000 people in Guangdong with assets more than 10 million yuan (US$ 1.47 million). It is followed by Beijing, Shanghai and Zhejiang province. However, Beijing is still the city with the highest density of multi millionaires. There are 1.1 multi millionaires for every 100 people in Beijing.

Related Reports: China Daily, Wealth-X

 

The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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 Global, HNW, The Rich, UHNW

Superyacht Industry is Poised to Grow

Superyacht Industry is Poised to Grow

Superyachts are defined as being at least 100ft in length. There are now 4,476 superyachts in the world of which roughly a quarter are available for charter. At the same time, there are over 200,000 Ultra High Net Worth (UHNW) households, meaning there is a large opportunity for the industry to see strong growth in the coming years if these households are willing to give the yachting lifestyle a try.

” 4,476 superyachts in the world “

~ Forbes

Camper & Nicholsons International, a leading yacht broker say there is an opportunity to grow the yacht ownership market. Over 300 new superyachts were delivered in the past two years, and there are 455 new yachts on order, with time from contract to launch taking as long as four to five years.

Related Reports: Forbes, Wealth-X, Camper & Nicholsons International

 

About Camper & Nicholsons International

Camper & Nicholsons is the global leader in all luxury yachting activities, specialising in the sale, purchase, charter, marketing, management and construction of the finest yachts in the world.

First founded in 1782 as a construction shipyard, the Camper & Nicholsons name became synonymous with expertise, market knowledge, design & build excellence and effortless performance, characteristics that are still echoed in the company’s core values today. The company’s team of dedicated sales and charter brokers, charter marketing agents, yacht managers, marketing specialists and staff all share a genuine passion for being at sea and collectively possess a range of experience and knowledge far beyond anyone else in the industry

Visit: Camper & Nicholsons International

The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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