Credit Suisse and UBS Group predict that global wealth, measured by personal holdings of assets from real estate to equities, will increase by 38 percent by 2027, driven largely by emerging markets.
According to the annual Global Wealth Report, which estimates the wealth holdings of 5.4 billion adults in 200 markets, global wealth will reach $629 trillion in the next five years.
The optimistic outlook comes despite the first decline in global net worth since the 2008 global financial crisis in 2022. In nominal terms, net private wealth fell 2.4 percent last year, with losses concentrated in the most prosperous regions such as North America and Europe, where a stronger dollar was an important factor.
Source (Alkhaleej Emirati Newspaper, Edited)
