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WEALTH ECONOMICS: GLOBAL WEALTH 2011
The Global Wealth Report 2011

Issue Date - 21/07/2011
 
Driven by The Performance of The Capital Markets and The Growth of GDP in countries around The World, Global Wealth continued to show a robust recovery increasing by $9 trillion to reach a record $121.8 trillion in 2010. Given the fact that wealth is being created at a remarkably rapid pace, it is estimated that by 2015 the global wealth will be pegged at a whopping $162 trillion. B&E analyses the paradigms of global wealth.

A Remarkable Growth Indeed

While it is true that the rate of growth of global wealth has taken a beating since the sharp financial turnaround witnessed during the financial crisis in 2009; the 8% growth in global wealth in 2010 translates to approximately $20 trillion above from where it stood during the depth of the aforementioned financial crisis. The global wealth is expected to increase at an annual rate of 6% over the next several years (the rate of growth during 2002-2007 was 11%) and is estimated to be pegged at $162 trillion by 2015. According to Citi Bank and Knight Frank’s global wealth report 2011, if the world’s wealthy are considered to be one community, the collective wealth of the high-net-worth-individuals shot back up last year by 22%.

 
Good times are back

It is apparent that amidst the signs of sustained recovery seen in both developed as well as emerging markets, global wealth grew in nearly every region of the world. As a matter of fact the Wealth Distribution Model as developed by Knight Frank and Citi Bank illustrate the fact that money is now sitting in Asia Pacific which, while still third behind North America and Europe, is fast catching up. However, with $38.2 trillion in AuM, that is nearly one third of the global wealth, North America is the world’s richest region. Wealth grew fastest in Asia Pacific (ex Japan) by 17.1% while it declined by 0.2% in Japan. Together, the emerging markets (Asia -Pacific, Middle East & Africa, and Latin America) accounted for $29.7 trillion in AuM.

          

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