Wealth Management

The Capgemini Research Institute’s World Wealth Report 2024 highlights a significant resurgence in high-net-worth individuals (HNWIs) and their wealth in 2023, driven by a global economic rebound. HNWI wealth grew by 4.7%, reaching $86.8 trillion, and the HNWI population increased by 5.1% to 22.8 million, showing a robust recovery and growth trajectory despite market volatility. North America led the global recovery with a notable 7.2% increase in HNWI wealth and 7.1% in population, boosted by economic resilience, reduced inflation, and a strong US equity market. Other regions saw growth but...