Global Wealth Report 2024

In the US, financial wealth makes up the lion’s share of gross wealth, i.e, nearly 74%, compared with just over 62% in Canada.*

In EMEA, financial wealth has grown much faster than non-financial wealth over the past 15 years, namely by over 53% vs.nearly 29%. In APAC, financial wealth has trailed non-financial wealth, 170% vs. just under 187%. It is only in the Americas that the two stand almost equal at under 130%.
 

In the US, wealth has grown evenly across all wealth brackets. Inequality has decreased slightly in both here and in Canada since 2008 (measured by the Gini coefficient), yet it is different: in the US, it is marginally above the levels of India and Mexico, while in Canada, it stands just above the Western European average.

In 2023, the US was home to the highest number of millionaires, nearly 22 million people. In percentage terms, the US hosts 38% of the world’s millionaires, Western Europe 28% and China 10%.

While the US has high levels of wealth per adult, the growth rate per adult in the Americas trails APAC.

EMEA enjoys the highest wealth per adult, at just over $166,000, followed by APAC, with slightly over $155,000, and the Americas, with $146,000. Growth in wealth per adult since 2008 shows a different picture: EMEA comes in bottom with less than 30%, compared with 100% in the Americas and 130% in APAC.
 

Roughly $83.5 trillion is expected to be passed on globally within the next 20 to 25 years. Of this amount, an estimated $9 trillion will shift intragenerationally or horizontally between spouses, mostly in the Americas.

Our data suggest that, of the entire $83.5 trillion to be transferred, over 10% is likely to be transferred to the next generation by women.