Global Financial Wealth Grew by Shocking Double Digits
In 2021, global financial wealth reached an all-time high of $530 trillion
A strong equity market and an increase in real asset demand are the main drivers of this boom.
According to the 22nd annual report of Boston Consulting Group (BCG), the global wealth management industry is in its 22nd edition.
Inflation and Russia's invasion in Ukraine are geopolitical and financial destabilizers. However, it is expected that $80 trillion of new wealth will be created over the next five-years.
Hong Kong is likely to surpass Switzerland in 2023, in a significant industry shift
The domicile with the highest amount of cross-border private wealth
According to Global Wealth 2022 report, this report ends a period of over 200 years of Swiss dominance.
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