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Wealth

Wealth Grew Faster in North America Than in Asia Pacific Last Year

On a country-by-country basis, however, high-net-worth wealth in China rose 13.5%, compared with 12.3% for the U.S., a report finds.

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Photographer: Marco Bello/Bloomberg

For all the misery unleashed in 2020, the year also produced a gusher of global riches — and a change in which region ranks highest in high-net-worth-wealth growth.

For the first time in five years, North America bested the Asia-Pacific region in the growth of high-net-worth individuals, and in how quickly their wealth expanded, according to the Capgemini World Wealth report released Tuesday.