In 2021, the wealth of the world population grew by 10.6% to reach an all-time high of $530 trillion and will continue to grow in all regions.
According to analysts, the growth was caused by strong stock markets and a sharp increase in demand for real assets such as real estate and art. Over the next five years, about $80 trillion is likely to be created. new wealth.
The Asia-Pacific region is expected to maintain the highest rate of wealth growth, with asset values expected to increase by an average of 8.4% per annum until 2026. If these rates continue, the region will contain almost a quarter of the world’s wealth.
Wealth growth in North America will slow to 4.7% by 2026, compared to a five-year average of 9.1%. In Western Europe, wealth growth is likely to slow from 4.5% to less than 4%, writes Bloomberg.