莱坊-2021年财富报告（英文）-2021.3-88页_8mb

The Wealth Report 2021 Summary

Core Content

The Wealth Report 2021, now in its 15th edition, is a comprehensive analysis of global wealth trends, focusing on the behavior, investment choices, and future outlook for Ultra-high-net-worth individuals (UHNWIs) and High-net-worth individuals (HNWIs). It explores how the global pandemic has reshaped the real estate and investment landscape, and how the wealthy are adapting to these changes.

Key Findings

• Global Wealth Resilience: Despite the pandemic, the global UHNWI population increased by 2.4% in 2020, reaching over 520,000. This growth was most pronounced in Asia, with a 12% rise, while Latin America, Russia, and the Middle East saw declines due to economic and currency challenges.

• Asia as the Key Wealth Story: Asia is projected to experience the fastest growth in UHNWIs over the next five years, at 39%, compared to the global average of 27%. By 2025, Asia will host 24% of all UHNWIs, up from 17% a decade earlier. China is expected to see a 246% increase in very wealthy residents over the same period.

• Inequality and Policy Risks: Nearly half of the Attitudes Survey respondents (wealth managers and private bankers) expect wealth inequality to drive demand for policies such as wealth taxes in countries like Argentina, Canada, and South Korea.

• Less Global, More Local: International travel remains weak, with 84% of respondents expecting to travel less in 2021. The demand for international education has also dropped, but this may lead to a rise in permanent family relocations to education hubs, particularly London.

• Residential Demand and Price Growth: The pandemic has accelerated the demand for residential properties, especially in rural and coastal areas, with a focus on wellness and space. The top prime residential markets showed an average price growth, with Auckland leading at 18%. The report forecasts price rises of up to 7% in key markets.

• Investment Trends: Private investment in property remained strong in 2020, with capital deployed 9% above the 10-year average. Development land, residential properties, and logistics are expected to be the top investment areas for UHNWIs in 2021.

• Tech and Innovation: The pandemic has accelerated the adoption of technology in real estate, with a growing interest in data centres and life sciences. Over 43% of investors are more interested in ESG-focused investments than a year ago.

• Luxury Assets: Key collectible assets such as handbags, fine wine, and classic cars saw price increases of 17%, 13%, and 6% respectively. However, the art market faced some decline due to the shift to private sales.

Main Sections

Part One: Wealth

• Resilience through Turmoil: Examines the impact of the pandemic on wealth and the resilience of the UHNWI population.
• Wealth Summit: Explores the criteria for joining the top 1% of wealth in the U.S.
• Paradigm Shift: Analyzes the major influences on wealth creation and preservation.
• Emerging Affluence: Predicts future wealth population trends globally.
• The Year Passports Lost Their Power: Discusses the impact of the pandemic on investment migration and the demand for second passports.

Part Two: Cities

• A Tale of Two Cities: Highlights where the wealthy live, invest, and spend time.
• Health, Wealth and Innovation: Combines measures of wellbeing and innovation to assess future city prospects.
• Cities to Lead the Way: Features insights from urban expert Professor Saskia Sassen on the future of cities.
• Superyachts and Superblocks: Explores the appeal of Barcelona to UHNWIs.

Part Three: Home

• Prime Movers: Reviews the results of the Knight Frank Prime International Residential Index (PIRI 100).
• Safe Haven: Discusses how the pandemic is influencing residential development design.
• What Lies Ahead?: Forecasts for prime residential markets in 2021.
• Next Neighborhoods: Identifies future residential hotspots around the world.

Part Four: Investing

• Trending Up: Highlights five key trends shaping the global investment landscape.
• Private Property: Analyzes private capital real estate investment trends.
• Keep It in the Family: Explores how family offices are investing post-pandemic.
• Family Fortunes: Features an interview with Andrew and Kevin Tan of Alliance Global.
• Travel Well: Discusses the approach of boutique French hoteliers to hospitality.
• Data, Classified: Explores how geospatial data can aid investment decisions.
• The Old and the New: Examines the impact of the pandemic on the office and life sciences sectors.
• Outside the Box: Global experts highlight interesting investment opportunities.

Part Five: Passions

• A Mixed Bag: Reviews the 2020 results of the Knight Frank Luxury Investment Index.
• Top of the Lots: Highlights some of the most noteworthy auction sales of 2020.
• World in Focus: Features an interview with renowned photographer David Yarrow.
• Snap Happy: Explores photography as a collectable asset class.
• Databank: Provides the key numbers behind the report.
• Our Global Network: Details Knight Frank's international presence.
• Final Word: Concludes the report with a summary of key insights.

Authors and Contributors

• Andrew Shirley – Editor of The Wealth Report, known for his work with the Passions section.
• Flora Harley – Deputy Editor, responsible for the Wealth and Cities sections.
• Kate Everett-Allen – Compiles the PIRI 100, Knight Frank's global luxury property index.
• Patrick Gower – Contributes to the research and analysis sections.
• Victoria Ormond – Partner in the capital markets research team and co-author of Active Capital.
• Cameron McDonald – Lead researcher for the report.
• James Culley – Data modelling and analysis.
• Lauren Haasz – Marketing lead.
• Astrid Recaldin – Public relations.
• Sunny Creative – Sub-editing.
• Quiddity Media – Design and direction.
• Supermassive – Data visualisation.
• Ben Fearnley & Matt Murphy – Illustration.
• Graham Lee – Photography.
• Optichrome – Print services.

Interview: Vusi Thembekwayo – The African Dragon

• Vusi Thembekwayo, a prominent South African entrepreneur and philanthropist, discusses the potential of Africa as an investment destination.
• He emphasizes the need for a new mindset and approach to unlock Africa's economic potential, highlighting the role of venture capital and innovation.
• Despite challenges, he believes Africa can become a globally competitive region by nurturing the next generation of leaders and entrepreneurs.
• He mentions his venture capital firm, MyGrowthFund Venture Partners, and the VUKA Foundation, aimed at developing future leaders.

Key Takeaways

• The pandemic has accelerated trends in real estate and investment, with a notable shift towards remote work and ESG-focused assets.
• Asia is set to become the fastest-growing region for UHNWIs, driven by strong economic performance and increasing wealth.
• Cities are evolving, with a focus on innovation, sustainability, and place-making.
• Investment migration and the demand for second passports remain significant, though the trend is shifting towards more permanent relocations.
• The report underscores the importance of understanding UHNWI behavior to predict economic and market trends accurately.