What Factors Drove the Unprecedented Global Wealth Decline? Insights from the World Wealth Report 2023

Much of the decline in wealth was driven by high inflation and the appreciation of the US dollar against many other currencies, says World Wealth Report. The latest Global Wealth Report predicts global wealth to reach USD 629 trillion by 2027, despite 2022 being the first year of wealth decline since 2008. The recently released … Read more

Asia-Pacific millionaires outnumbered those in North America

Global High Net Worth Population Increases Slightly as Their Investable Wealth Declines Asia-Pacific becomes region with the most HNWIs, while North America retains the most HNWI wealth Asia-Pacific surpasses all regions with the largest HNWI population, while North America retains the most HNWI wealth, finds Pacific, Capgemini and RBC Wealth Management’s “World Wealth Report“, a … Read more