Knight Frank’s The Wealth Report deeps dive into the wealth distribution data from the 2018 edition, by analysing the population of global demi-billionaires.
Analysis highlights that in five years the number of demi-billionaires, those with $500 million or more in net assets, in Asia will overtake those in North America for the first time. Wealth data specialist Wealth-X predicts that almost 3,000 people based in Asia will have more than US$500 million in assets by 2022.
Knight Frank cites strong global economic growth, as well as rising asset prices as key drivers behind the growth in the world’s demi-billionaire population. By 2022, Wealth-X anticipates that there will be 9,570 demi billionaires worldwide, up from 6,900 at the end of 2017.
Key takeaways – India
This story is from the December 2018, Anniversary Special edition of BlackBook — India's Luxury Insider.
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This story is from the December 2018, Anniversary Special edition of BlackBook — India's Luxury Insider.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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