How will the world’s wealthy fare in 2020? Following a strong performance in 2019, the world’s wealthiest individuals will expand their ranks and respective wealth in the year ahead as forecasted in the Global Wealth Outlook for 2020.
Despite worries of inflamed economic growth and geopolitical uncertainty, 2020 looks set to be a year of solid expansion for the world’s wealthiest individuals. That said, like the general population, wealth is distributed unevenly among the wealthy, with exclusivity rising quickly at the VHNW ($5 million – $29 million) threshold and even more sharply among UHNW individuals (+$30 million).
In addition to a global perspective, the 2020 Outlook provides a forecast for the US – the world’s largest wealth market, projecting differing optimistic and pessimistic scenarios for both population and wealth growth among those with a net worth of $5 million or more.
Global Outlook For 2020: Methodology
Wealth-X proprietary data assets empower our clients with both a top-down and on-the-ground understanding of the wealthy. To size and forecast the wealthy population and its combined wealth, Wealth-X Analytics leverages our Wealth and Investable Assets Model. This model produces statistically significant estimates for total private wealth and estimates the size of the population by level of wealth and investable assets for the world, for each of the top 75 economies, and for over 100 of the world’s major cities.
To profile the characteristics of the wealthy, we use our unique and proprietary Wealth-X Database, the world’s largest collection of records on wealthy individuals from around the globe. Each Wealth-X Dossier provides insights into an individual’s financial profile, career history, known associates, affiliations, family background, education, philanthropic endeavors, passions, hobbies, interests and much more.
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