Millionaires Became Richer By 8.6% In 2019 According To Capgemini World Wealth Report 2020
The combined wealth of all the world's dollar millionaires in 2019 increased by 8.6% to $ 74 trillion, according to the annual World Wealth Report, which is published by Capgemini.
The number of registered individuals (high-net-worth individuals, HNWI) increased by 8.8% last year, to 19.6 million people.
The growth of both the number of millionaires and their combined wealth was facilitated by a significant rise in stock markets, noted last year. At the same time, for the first time since 2012, the rate of increase in the number of millionaires and their combined wealth was higher in developed countries than in developing countries.
The leader in the growth rate of the number of wealthy people (with assets of more than $1 million) in 2019 was North America (+10.9%). In the Middle East, their number increased by 9.3%, in Europe-by 8.7%, in the Asia-Pacific region (APR) - by 7.6%, in Africa - by 6.1%, in Latin America - by 2.7%.
Total assets of millionaires in North America increased by 11%, the Middle East-by 10.2%, Europe-by 8.7%, the Asia-Pacific region - by 7.9%, Africa-by 6.5%, Latin America-by 4.4%.
North America accounted for 39% of the growth in the number of affluent people and 37% of the growth in total assets last year.
In 2019, 25.7% of millionaires ' wealth was stored in stocks (30.9% a year earlier), 27.9% in cash and equivalents (27.2%), 17.6% in fixed income assets (15.8%), 15.8% in real estate (16.8%), and 13% in alternative instruments (9.4%).
The report notes that the uncertainty associated with the consequences of COVID-19 coronavirus infection, as well as other factors, including the constant improvement of access to information that appears in real-time, may lead to changes in the behavior of individual investors, as well as unexpected trends.
World Wealth Report uses data from 71 countries that account for more than 98% of global gross national income and 99% of global stock market capitalization.