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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.

The central business district of Hong Kong.

Photographer: Brent Lewin/Bloomberg 

Updated on

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.