Europe's Wealth Creation Lags as Asia and U.S. Surge in Centi-Millionaires

While Europe sees modest growth in ultra-rich individuals, cities in Asia and the U.S. lead the global boom in wealth creation.

The number of centi-millionaires worldwide has grown by 54% over the past decade, reaching nearly 30,000 individuals.
The U.S. and China have seen significant increases in their ultra-rich populations, with growth rates of 81% and 108% respectively.
European cities like London and Zurich are experiencing slower growth in centi-millionaires compared to emerging hubs like Dubai and Shenzhen.
Singapore ranks 6th globally with 336 centi-millionaires, the highest in Southeast Asia, benefiting from investment migration programs.
Political uncertainty and shifting tax policies in Europe are contributing to the migration of wealth to more dynamic markets.