The World Wealth Report 2018 highlights a number of important issues that face the world today. The global economy has grown substantially in the last three decades, with middle and low-income countries now catching up to high-income countries. This growth, however, has also come with unsustainable management of our natural assets. For example, forest wealth per capita declined by 8% in low and middle-income countries between 1995 and 2018, due largely to deforestation. Meanwhile, global marine fish stocks fell by 83%, due in part to overfishing and poor management. The projected impact of climate change may further exacerbate these trends.
The World Wealth Report 2021 covers 71 markets representing 98% of the world’s GDP and 99% of the world’s stock market capitalization. The report was created by Capgemini and includes a wide-ranging survey of HNWIs in 26 major wealth markets. This survey, conducted by Capgemini, also reveals that the world’s top-income earners are increasingly focused on investing in the digital world. And, their concerns are well-founded.
The results of the Wealth Report are a mix of encouraging and alarming news for the global economy. The COVID-19 pandemic affected global markets in the short term but fortunately was quickly overcome. In addition to this, global governments opened the spigots and central banks pushed interest rates to record lows. Several countries even adopted quantitative easing to boost their economies. All this helped send equity markets and property prices to new heights.
The World Wealth Report highlights prevailing trends in capital across the continent. As the continent is home to some of the world’s fastest-growing markets, it’s vital to understand the preferences of the continent’s wealthiest individuals. In addition, The Wealth Report highlights trends in philanthropy, luxury spending, and commercial property. The report is an invaluable resource for anyone interested in obtaining and managing wealth. You’ll want to keep this in mind as you plan for your future.
The World Wealth Report 2021 offers unprecedented insight into a select group of people. For providers, it’s an indispensable tool for understanding the world’s wealthiest people. With the increase in access to information, more people can benefit from the wealth created by the few percent of the population. With such an elite group, the report provides valuable insights into how these individuals are building their wealth. So, if you’re in the business of providing services and products to these individuals, you must read the Wealth-X World Ultra Wealth Report 2021.
If you remove the bottom decile from the Oxfam World Wealth Report, the picture becomes more complicated. Only 2.8 billion people in deciles two through five own one percent of the world’s wealth. That’s the same as the wealth of 147 billionaires. That’s significantly bigger than Oxfam’s usual X number, but it’s still a startlingly small number. There is no one-size-fits-all solution to wealth inequality.