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Allianz Report Finds Global Financial Assets at Record €269 Trillion, With Wealth Concentrated at the Top

Allianz forecasts roughly 6% growth in 2025, citing market and policy risks.

Overview

  • Global gross financial assets reached €269 trillion in 2024, up 8.7% year on year, while net financial wealth rose to about €210 trillion, a 10.3% increase.
  • Roughly half of last year’s global wealth growth came from the United States and about one fifth from China, reflecting strong equity-driven gains.
  • The richest 10% hold about 85% of net financial wealth across the 57 countries studied, and convergence between poorer and richer nations has largely stalled since 2017.
  • Per‑capita net financial wealth ranks the United States first at €311,000, followed by Switzerland and Singapore, with Germany at €86,800 in 13th place.
  • Germany’s sharp increase in reported average wealth is largely explained by a Bundesbank revaluation of company shareholdings, as households still favor deposits over direct securities despite growing ETF use.