WealthX-2020年全球高净值人群报告（英文）-2020.5-26页_860kb

Summary of Wealth-X Very High Net Worth Handbook 2020

Core Content

The Very High Net Worth (VHNW) Handbook 2020 provides an in-depth analysis of the global VHNW population, defined as individuals with a net worth between $5m and $30m. It highlights regional trends, wealth distribution, and key characteristics of this wealthy demographic, including sources of wealth, asset allocation, and interests.

Main Points

• Global Growth in VHNW Population and Wealth:
  The VHNW population grew by over 10% in 2019, reaching 2.7 million individuals, a sharp increase from 1% in 2018. Their combined net worth rose to $26.6 trillion.

• Regional Performance:

  • North America led the growth with a 15% increase in both population and wealth, contributing nearly 40% of the global VHNW share.
  • Asia and Africa also saw strong growth, with Asia's VHNW population rising by 10.3% and its wealth increasing significantly.
  • Europe and Pacific experienced below-average growth, with the Middle East and Latin America and the Caribbean seeing minimal or stagnant increases.

• Top VHNW Countries and Cities:

  • The United States remains the largest VHNW market, accounting for 36% of global VHNW wealth.
  • China and Japan together account for over 60% of Asia's total VHNW wealth.
  • New York is the leading VHNW city with 110,170 individuals, followed by Tokyo (73,845) and Hong Kong (57,420).
  • Istanbul and Ankara in Turkey are expected to be the fastest-growing VHNW cities over the next five years.

• Sources of Wealth:

  • 85% of the VHNW population created their wealth through their own efforts.
  • China had the highest proportion of self-made VHNW individuals (96%), while Middle Eastern and South Asian countries had the highest shares of inherited wealth.

• Wealth Distribution by Tier:

  • The majority of VHNW individuals fall into the lower wealth tiers ($5m–$10m), which make up two-thirds of the population but less than half of the total wealth.
  • The top wealth tiers ($15m–$30m) represent 16% of the population but account for 32% of total VHNW wealth.
  • The Ultra High Net Worth (UHNW) group, with net worth over $30m, accounts for just 1.2% of the global millionaire population but holds 35% of global wealth.

• Economic and Market Drivers:

  • Strong equity market performance, especially in North America, was a key driver of wealth growth in 2019.
  • Central bank policies, including monetary stimulus, played a significant role in boosting investor sentiment and equity markets.
  • Trade tensions, geopolitical instability, and economic slowdowns in certain regions limited wealth creation opportunities.

• Demographic Trends:

  • Women in the VHNW group were more likely to engage in non-profit and social organizations compared to men.
  • Hobbies and interests varied by age, with sports being the most popular, while philanthropy was more common among the elderly.

Key Information

• The VHNW population is growing, with the U.S. and China leading in both numbers and wealth creation.
• New York remains the top VHNW city, while Tokyo and Hong Kong follow closely.
• Asia saw a strong rebound in 2019, with China, Japan, and Hong Kong driving growth.
• Europe faced slower growth due to economic and political challenges, including Brexit and the slowdown in the automotive sector.
• Latin America and the Caribbean and the Middle East had the weakest performance in 2019, with stagnation or minimal growth in VHNW populations and wealth.
• Africa showed a strong recovery, with its VHNW population growing by over 10%, despite challenges in global growth and commodity prices.

Methodology and Data

• Wealth-X uses proprietary data and models to analyze the VHNW population and wealth.
• The data is based on the Wealth and Investable Assets Model, which tracks sources of wealth, asset allocation, and non-financial interests.
• The report includes a global map of VHNW individuals and their wealth, along with regional and country-specific analysis.

Conclusion

The Very High Net Worth Handbook 2020 underscores the dynamic and uneven distribution of wealth across the globe, with North America and Asia leading in growth and wealth creation. It also highlights the increasing importance of China in the VHNW landscape, as well as the unique characteristics of this group, including their sources of wealth, investment behaviors, and interests. The report serves as a critical resource for financial institutions and wealth managers seeking to engage with this influential demographic.