Overview

• Global high-net-worth individual population rose 2.6% in 2024, fueled by a 6.2% surge in ultra-high-net-worth individuals
• United States added 562,000 new millionaires to reach 7.9 million as AI-focused tech stocks and interest rate cuts propelled equity gains
• Europe’s millionaire ranks fell 2.1% even as its ultra-rich segment grew 3.5%, while Latin America endured an 8.5% decline as currency depreciation and fiscal pressures weighed on wealth
• High-net-worth individuals have increased allocations to alternative assets such as private equity and cryptocurrencies to 15% of their portfolios
• Capgemini projects that 30% of HNWIs will inherit wealth by 2030 and 84% by 2040, prompting wealth managers to adapt investment strategies