The Middle East was the region with the greatest share of wealth held in investable assets —- $3.1 trillion of a total $3.8 trillion. Western European residents held 56 percent in currency and deposits, while in North America the emphasis was on equities and investment funds, with 62 percent of $47 trillion of investable wealth parked in those assets.
If personal wealth creation continues at the rate of the past few years, Boston Consulting projects a compound annual growth rate of about 7 percent from 2017 to 2022, in U.S. dollars. Events like stock market corrections and geopolitical uncertainties could knock that down to 4 percent.
In a worse-case scenario, such as a major economic crisis, global wealth might produce a compound growth rate of only 1 percent over five years, the study found.
This article was provided by Bloomberg News.