City Of London
Global Wealth Hit Record High of $530 Trillion in 2021
- Asian wealth is growing faster than in any other region
- World’s wealth set to keep rising despite economic headwinds
The central business district of Hong Kong.
Photographer: Brent Lewin/Bloomberg
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Global wealth rose 10.6% last year to reach a record high of $530 trillion in 2021 and is set to continue rising in all regions despite inflationary pressures and Russia’s invasion of Ukraine.
Strong equity markets and a surge in demand for real assets such as property, wine and art drove the increase, according to a report by Boston Consulting Group. About $80 trillion of new wealth is likely to be created over the next five years.