Why Asia Pacific’s HNWIs led a global wealth decline
The violent market swings last year had contributed to the biggest loss of population and wealth in Asia Pacific compared to other geographies, a Capgemini survey showed.
Major market volatility during 2018 proved damaging for he ranks of HNWIs (high-net-worth individuals) across the world. Those in Asia Pacific were struck particularly hard, with both the overall number falling and the average wealth of those that remain dropping after seven years of growth.
A new survey published by Capgemini on Tuesday showed the number of HNWIs based in Asia Pacific dropped by 2% to 6.1 million over the course of 2018, while the average wealth of the remainder …
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