Tuesday, June 7, 2016

Household wealth is still growing in the world – Le Figaro

COMPUTER GRAPHICS – The number of millionaires grew 6% in 2015. They hold 47% of World Heritage

. wealth in the world increased again last year, but at a slower pace than in 2014 (5.2% instead of 7.5%), according to the latest report from the Boston Consulting Group. The slowdown in global growth and the sharp decline in financial asset returns have not enabled households to get rich as fast as the previous year.

This is in developed countries that brake stroke is highest. If the United States remains the richest country in the world, the portfolio (excluding primary residence) of the inhabitants of North America for example has increased by only 2% in 2015, three times slower than a year early. It now exceeds 60,000 billion but remains highly concentrated in the hands of the wealthiest. The millionaires hold 62%

In Western Europe, the slowdown is more modest. Household wealth has even finally grown faster than in the US in 2015. It is rounded by 4% in one year (against 6% in 2014), thanks to financial market rather lenient in some countries.

despite its weak economic growth, France has done well in the game. the wealth has increased by more than 5% last year, according to BCG, one of the highest rates of Old Continent. If the holders of a lower patrimony to $ 1 million on average have seen their assets round only 2%, those holding between 1 and 20 million have seen their leap of over 10%. “It is expected that this segment is very dynamic this year,” says Benedict Mace, managing partner of Boston Consulting Group.

Despite the fall in oil prices, raw materials and the Ukrainian crisis, Eastern Europe defended well, with assets up 6% last year. It’s still almost half less than in 2014 (11%).

But, unsurprisingly, is Asia Pacific that year was the most successful. Japan is the only country where wealth grew faster in 2015 than in 2014 (4% instead of 3%), thanks to the good performance of the Japanese stock market. But the rest of the region was much more dynamic than the Archipelago, since the heritage homes jumped there by 13%, to 37 000 billion dollars, mainly due to higher income individuals, since financial markets premises were hardly carriers.

At this rate, BCG predicts, the cards may be reshuffled soon. Europe could lose its status as the second richest region in the world in 2017 and North America be entranced by Asia in turn its number one spot after 2020. At that time, the millionaires who own today in the world 47% of the wealth in possess more than half (52% according to the BCG). For their fortunes continue to grow faster than average. This is the segment of the richest of them – those who are at the head of more than $ 100 million – which saw its assets soar as fast last year, at the rate of 7% on average . In the Asia-Pacific region, these very large fortunes even recorded growth of 21% in one year. Moreover, the circle of millionaires in the world continues to widen. Their number increased by 6% in one year, thanks to China and India, major providers of new fortunes. But it’s still in Switzerland and Liechtenstein that is the highest density of millionaires

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