BCG July 10, 2024
Akin Soysal, Michael Kahlich, Ivana Zupa, Dean Frankle, Peter Czerepak, Michael Boardman, Laurin Frommann, Wei Chuan Lim, Daniel Kessler, Omar Rahman, and Felix Werner

Global Wealth Report 2024

Global net wealth staged a significant recovery in 2023, growing by 4.3% after a difficult year in 2022.

Much of the growth was due to a rebound in the financial markets, accompanied by a rise in the volume of assets under management (AuM). Financial wealth—a subset of global wealth—rose by almost 7%, following a decline of 4% in 2022. The gains were especially strong in North America and Western Europe, while growth in China remained more subdued. Cross-border wealth followed a similar pattern. Key booking centers such as Switzerland, Singapore, the US, and the United Arab Emirates (UAE) grew in line with recent trends, while Hong Kong witnessed a notable slowdown—growing by just 3.2%—due to reduced...

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Topics: AI (Artificial Intelligence), Survey / Study, Technology, Trends
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