Top 25 Markets by HNWI Population
County # HNWIs %Annual Global
(000s) % growth share
US 4,795 8% 29%
Japan 2,891 6% 18%
Germany 1,280 7% 8%
China 1,129 9% 7%
France 579 11% 4%
UK 568 3% 3%
Switzerland 364 2% 2%
Canada 357 11% 2%
Australia 255 9% 2%
Italy 252 10% 2%
Netherlands 232 14% 1%
India 219 9% 1%
S. Korea 208 8% 1%
Spain 202 5% 1%
Russia 182 20% 1%
Saudi Arabia 176 5% 1%
Brazil 164 11% 1%
Kuwait 159 9% 1%
Norway 155 13% 1%
Hong Kong 137 4% 1%
Taiwan 127 12% 1%
Austria 123 10% 1%
Mexico 121 -2% 1%
Argentina 114 5% 1%
Sweden 116 13% 1%
Source: Capgemini World Wealth Report 2017
* HNWIs are defined as those having investable assets
of US$1 million or more, excluding primary residence,
collectibles, consumables and consumer durables.Global HNWI Population Segments (000’s)
Source: Capgemini World Wealth Report 2017Ultra-HNWIs those with US$30 million or more
investable wealth
Mid-tier millionaires those with US5 to 30 million
investable wealth
Millionaires next door those with US$1 to 5 million
investable wealth (excluding primary residence,
collectibles, consumables, and consumer durables)157
(1%)
1,497
(9% of total)14,860
(90% of total)Annual growth
8.3%7.9%7.4%96 JUNE-JULY 2018 | International Boat Industry http://www.ibi-plus.com
IBI-Plus
DATA DIGEST
Note: This report complements our market report on
superyachts found in this issue on page 58WORDS: ARLENE SLOANDATADIGESTPOWERED BY
IBI-PLUSKeep an eye out in the magazine for the IBI Plus logo. It signifies where extra news, feature
content or analysis is available for IBI Plus subscribers online.
To subscribe to our daily news and data service go to http://www.ibi-plus.comThe market potential for superyachts is virtually
untapped. With a global fleet of some 7,000 yachts,
the superyacht sector has less than 5% penetration
of the ultra-HNWI population.XThe global wealth of high net worth
individuals (HNWIs*) continues its upward
trajectory, accelerating 8.2% to US$63.5 trillion at
the beginning of 2017 and staying on pace to reach
US$100 trillion in the next decade. According to
the annual Capgemini 2017 World Wealth Report,
the total HNWI population also expanded at a brisk
clip, climbing 7.5% to 16.5 million.
XData in the World Wealth Report is segmented
according to the wealth bands shown in the chart
(right), all of which experienced swit growth over
the previous year.
XThe superyacht segment undoubtedly counts its best prospects
among those at the top of the pyramid where nearly 160,000 people
worldwide have investable wealth of $30 million or more to splash
out on a superyacht, but less than 5% of this group currently owns a
superyacht (24m or greater).
XBeyond the ultra-rich, the ‘millionaires next door’ now number
close to 15 million globally and account for 43% of global wealth − an
abundant and growing target for the rest of the boating business.
XFrom a geographic perspective, North America and Europe provided
the largest leaps in wealth creation, boosted by strong stock markets
and ofsetting a slight deceleration of growth in the Asia-Pacific region,
although Asia still remains the largest HNWI market. Equity investments
delivered the biggest wealth gains around the world.
XGlobally, the UNWI population remains heavily concentrated with
61% of the world’s wealthiest individuals residing in just four countries –
the US, Japan, Germany and China – together adding nearly 700,000 new
millionaires to the global tally last year.
XElsewhere, several countries recovered from recent setbacks,
including Russia, Brazil, Canada and Singapore, with Brazil registering
double-digit growth for HNWI population and wealth, and Russia hitting
20% gains across both measures.
XStock market declines and slower GDP expansion dampened wealth
growth in China to a mere 9% for the year, while Japan saw moderate
wealth growth of 5% due to modest GDP gains. Across the rest of Asia-
Pacific, Indonesia, Thailand and Taiwan were standouts for double-digitgrowth in number
of new HNWIs. With
its equity markets
sufering declines
over the year,
Singapore slipped
out of the top 25
markets, with its
HNWIs numbering
just over 100,000.
XIn Europe,
the Netherlands,
Norway, Sweden
and France also
saw double digit
growth in their HNWI
populations – well above regional and global averages – while Italy and
Spain continued to make gains, and the UK slowed to 3% growth.
XAn upturn in the fortunes of Latin America’s ultra-rich, lited wealth
growth across the region with a 7% gain in HNWI population and 9%
rise in wealth, although Mexico stood out as one of the few top wealth
markets to see a decline (-2%) among its HNWI population.
XThe top 25 countries account for 91% or just under 15 million of all
high net worth individuals.Visit http://www.ibi-plus.com for a full review of Capgemini’s latest HNWI reportHigh net worth individuals