October 17, 2013

Top 12 Wealthiest Countries

Where are the wealthy living? Here are the countries with the most HNWIs, according to Capgemini and RBC Wealth Management.

The world’s population of high-net-worth individuals increased by 9.2% in 2012, reaching a record 12 million after remaining flat in 2011, according to the 2013 World Wealth Report, published by Capgemini and RBC Wealth Management.

Meanwhile, aggregate investable wealth increased by 10% to $46 trillion, after declining slightly in 2011. North America and the Asia/Pacific region drove global growth, expanding 11.5% and 9.4%, respectively, in HNW population.

Asia/Pacific is home to the majority of the fastest-growing HNW country markets, the report said, and is expected to surpass North America again in the near future.

The report defined high-net-worth individuals as those with investable assets of $1 million or more, excluding primary residence, collectibles, consumables and consumer durables.

(Check out Top 10 Best Foreign Countries for Retirement: 2013 on ThinkAdvisor.)

HNW wealth in 2012 shot past the historical high of nearly $43 trillion set in 2010, according to the report. Relatively stronger growth rates in higher wealth bands ($5 million or more) led the growth of overall investable wealth globally. The report forecasted 6.5% annual growth in HNW wealth to some $56 trillion by 2015.

The top three countries accounted for 53% of all HNW individuals, down from 54.7% in 2006, but their market share is expected to erode as emerging markets increase in prominence, the report said.

Following is the 2012 ranking in HNW populations.

Changdeokgung Palace in Seoul, South Korea.

12. South Korea

2012: 160,000

2011: 144,000

Increase: 10.9%

 Barra da Tijuca in Rio de Janeiro, Brazil.

11. Brazil

2012: 165,000

2011: 165,000

Increase: 0.2%

On canals of Venice.

10. Italy

2012: 176,000

2011: 168,000

Increase: 4.5%

 Sydney Skyline.

9. Australia

2012: 207,000

2011: 180,000

Increase: 15.1%

Geneva City, Switzerland. 

8. Switzerland

2012: 282,000

2011: 252,000

Increase: 12%

Toronto, Canada skyline. 

7. Canada

2012: 298,000

2011: 280,000

Increase: 6.5%

 Eiffel Tower in Paris.

6. France

2012: 430,000

2011: 404,000

Increase: 6.4%

Big Ben in London, England. 

5. U.K.

2012: 465,000

2011: 441,000

Increase: 5.4%

The Forbidden City in Beijing, China.

4. China

2012: 643,000

2011: 562,000

Increase: 14.3%

Romerberg Square in Frankfurt, Germany. 

3. Germany

2012: 1 million

2011: 951,000

Increase: 6.7%

Tokyo, Japan. 

2. Japan

2012: 1.9 million

2011: 1.8 million

Increase: 4.4%

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