The wealth of 4.4bn adults across the globe
has jumped 72% in the last decade and is forecast to grow a further
61% by 2015.   

Credit Suisse’s first-ever Global Wealth
Report
predicts global wealth will reach $315trn in the
next five years from $195trn in 2010. 

At the top of the wealth pyramid, there are
more than 1,000 billionaires globally, of which 245 are in
Asia-Pacific, 230 are in Europe and 500 are in North America.

 

80,000 UHNWIs: Credit
Suisse

Moving down the wealth pyramid, there are 80,000
ultra high net worth individuals (UHNWIs), or those with average
wealth of $50m or more.

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Of the 24m other high net worth individuals
(HNWIs) – those with average wealth of $1m or more, just over
800,000 are in China, around 170,000 are in India and more than 4m
are in the rest of Asia-Pacific.

Below this, more than 330m individuals have
average wealth per adult of $100,000 to $1m.

China stands out as the third-largest wealth
generator in the world, behind only the US and Japan, and is 35%
ahead of the wealthiest European country, France.

 

Asia-Pacific: 10 times average global
growth

The report reiterates Asia-Pacific as a driving
force of the world’s wealth.

Several months ago, Merrill
Lynch/Capgemini
released data that showed a 25.8% and 30.9%
increase in Asia-Pacific HNWIs’ population and wealth during
2009. 

The region’s UHNW population and its wealth
expanded 37% and 43% respectively in 2009. 

Osama Abbasi, chief executive officer of Credit
Suisse Asia-Pacific said: “Economic expansion in other key markets
in Asia Pacific means that today growth in average household wealth
per adult is up to 10 times the global growth rate.”

Credit Suisse’s wealth research is based on data collated from
more than 200 countries in mid-2010. Survey data ranges from those
with a net wealth of $10,000 and below, that make up 68.4% of the
world population, to those with more than $1m, which represent just
0.5% of the population.