Dear Readers,
The New World
Wealth recently published wealth reports for various regions, including Asia,
Africa, Europe and the Middle East that could be important for your exams. The
reports provide comprehensive data on the current wealth status in these
regions and also focus on high growth markets. In this article, we will look at
the key findings of the Asia-Pacific 2016 Wealth Report.
Key
Findings
·
High Net Worth Individuals (HNWIs)
are those with net assets of $1 million or more.
·
The Asia-Pacific region has
approximately 3.5 million HNWIs. The combined wealth of the region is $ 17.7
trillion.
·
India is expected to record a
105% growth in HNWI population by 2025 – from 236,000 to 483,800.
·
The top-performing Asia-Pacific
country for HNWIs was Mongolia, with a growth of 670 %.
·
India is among the top five
Asia-Pacific countries as regards private wealth, but among the bottom three with
respect to per capita income.
·
India’s per capita income is $3,500
and its neighbour Pakistan has the lowest per capita income at $ 1,600.
Australia takes the first spot in this respect with $204,400.
· Total Individual Wealth: It refers to
the private wealth owned by all the individuals in each country – including
property, cash, equities and business interests.
·
While China is highest in terms
of total individual wealth list with $17,254 billion, India has $4,365 billion.
·
Tokyo is the top Asia-Pacific
city for HNWIs with 2,64,000 millionaires.
·
Mumbai (12th rank) and
Delhi (20th rank) are also among the top Asia-Pacific cities for HNWIs
with 41,200 millionaires and 20,600 HNWIs respectively.
·
Jakarta has topped the list in
terms of millionaire growth over the past decade, while Hangzhou and Tianjin take
the second and the third spots respectively.
·
Mumbai and Delhi were featured
on the fourth and the fifth spots in this respect. From 2000 to 2015, Mumbai saw
a 357% growth of millionaires, while Delhi registered 335 % growth.
·
In terms of number of
multi-millionaires (individuals with net assets of $10 million or more), Hong
Kong took the top spot with 9,650 such individuals. In the same list, Mumbai
was placed 8th with 2,690 multi-millionaires and Delhi was on the 14th
spot with 1,340 such individuals.
·
Emerging Indian cities for
multi-millionaires are Kolkata (560), Hyderabad (510), Bengaluru (430), Chennai
(390), Pune (240) and Ahmedabad (230).
·
India has the fourth largest
population of millionaires in the Asia-Pacific region, with 2.36 lakh HNWIs. The
top three countries are Japan, China and Australia.
These are the major findings of the Asia-Pacific
Wealth Report 2016. If you can understand these well, you can attempt the
questions on it with greater ease.
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