The U.S. will remain the global hot spot for the world’s super-rich in the near future even as the fortunes of Asia’s wealthy continue to grow, according to research from Boston Consulting Group.
The number of ultra-high-net-worth individuals in the U.S. will increase 36% to about 28,000 in 2025 compared with last year, the firm said in its 2021 Global Wealth Report released Thursday. China and India should lead percentage growth of fortunes worth $100 million or more for the same period by almost doubling the number of ultra-wealthy individuals to 13,600 and 1,400, respectively, according to the report. There are currently 60,000 ultra-high-net-worth individuals worldwide with a combined $22 trillion.
XXX
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
Source link
