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Merrill Lynch Global Wealth Management and Capgemini Release 15th Annual World Wealth Report

June 24, 2011 Comments off

Merrill Lynch Global Wealth Management and Capgemini Release 15th Annual World Wealth Report
Source: Merrill Lynch Global Wealth Management/Capgemini

Global HNWI population and wealth growth reached more stable levels in 2010, with the population of HNWIs increasing 8.3% to 10.9 million and HNWI financial wealth growing 9.7% to reach US$42.7 trillion (compared with 17.1% and 18.9% respectively in 2009). The global population of Ultra-HNWIs2 grew by 10.2% in 2010 and its wealth by 11.5%.

“The past few years have seen great fluctuations in HNWI wealth and population,” said John Thiel, Head of U.S. Wealth Management and the Private Banking & Investment Group, Merrill Lynch Global Wealth Management. “In 2010, we saw growth rates slow down from the higher double-digit levels of 2009 when many markets were quickly returning from significant crisis-related losses.”

The global HNWI population remained highly concentrated in the U.S., Japan and Germany, which together accounted for 53.0% of the world’s HNWIs. The U.S. is still home to the single largest HNW segment in the world, with its 3.1 million HNWIs accounting for 28.6% of the global HNWI population.

“While over half of the global HNWI population still resides in the top 3 countries, the concentration of HNWIs is fragmenting very gradually over time,” said Jean Lassignardie, Global Head of Sales and Marketing, Capgemini Global Financial Services. “The concentration of HNWIs among these areas will continue to erode if the HNWI populations of emerging and developing markets continue to grow faster than those of developed markets.”

+ Full Report (PDF)

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