WEALTH-X-2021年超高净值报告（英文）-2021.5-29页_1mb

Summary of the Wealth-X Very High Net Worth Handbook 2021

Core Content

The Wealth-X Very High Net Worth (VHNW) Handbook 2021 provides an in-depth analysis of individuals with a net worth of $5m to $30m. It outlines the global performance of this wealth tier in 2020, including population growth, wealth distribution, and regional disparities, while also offering a five-year outlook and profiling the characteristics of the VHNW group.

Main Points

• VHNW Definition: Individuals with a net worth of $5m to $30m.

• Global VHNW Population: In 2020, there were 2.7 million VHNW individuals, with combined wealth of $26.8trn.

• Wealth Distribution: The VHNW class accounts for 25.4% of global millionaire wealth. Two-thirds of the class had a net worth between $5m and $10m.

• Regional Performance:

  • North America: The strongest performer, with a 7.1% population increase and 7% wealth growth.
  • Asia: Second in performance, with a 5.2% population increase and 7.6trn in combined wealth.
  • Europe: The weakest performer, with a 7% population decline and 6.3trn in combined wealth.
  • Middle East: Second-largest decline, with an 8.8% population drop and 687bn in combined wealth.
  • Latin America and the Caribbean: Severe slump, with a 26.1% population decline and 560bn in combined wealth.
  • Pacific: 7.2% population decline and 7.1% wealth drop, primarily due to economic and market conditions in Australia.
  • Africa: Smallest decline, with a 2.7% population drop and 2.6% wealth decrease.

• Top 10 VHNW Countries:

  • The US and China dominated the rankings, together accounting for 49% of the global VHNW population.
  • The top 10 countries accounted for 75% of the global VHNW population.
  • The US saw the strongest growth with an 8% increase, while China, Japan, and South Korea also performed well.
  • Hong Kong declined due to social unrest from the national security law.
  • Germany, France, the UK, and Switzerland all recorded wealth declines.

• Top 10 VHNW Cities:

  • New York remained the top VHNW city, surpassing Tokyo.
  • The top 10 cities accounted for 20.6% of the global VHNW population.
  • Seven US cities were in the top 10, highlighting the dominance of the US in this tier.
  • London fell out of the top 10 for the first time, due to Brexit-related issues, weak equity markets, and pandemic impacts.

Key Information

• Global Trends: Despite the pandemic, the VHNW class showed resilience, with a 1.3% population increase and 1.2% wealth growth.
• Economic Drivers: Equity markets, fiscal stimulus, and the strength of the US dollar were key factors in wealth growth in North America.
• Asia's Strength: Asia's effective pandemic management and strong equity markets supported its VHNW population and wealth growth.
• Europe's Weakness: Europe's VHNW population and wealth declined due to the pandemic, lockdowns, and Brexit.
• Middle East and Latin America: Both regions saw significant declines, primarily due to oil demand slumps and economic instability.
• Future Outlook: By 2025, the global VHNW population is expected to grow by 1.2 million to 3.8 million individuals.

Methodology and Insights

• The report uses the Wealth and Investable Assets Model to estimate the size and wealth of the VHNW class.
• The VHNW class is a significant portion of the global wealthy population, playing a crucial role in investment, luxury consumption, and philanthropy.
• The average age of the VHNW population is over 60, indicating a mature demographic.
• The UAE, Bangladesh, and Qatar have the youngest VHNW populations, reflecting recent wealth creation in these regions.

Conclusion

The VHNW Handbook 2021 highlights the resilience of the very high net worth group in the face of global challenges. It underscores the importance of regional economic conditions, policy responses, and market dynamics in shaping the VHNW landscape. The report also emphasizes the concentration of wealth in a few key countries and cities, offering valuable insights for wealth management providers.