World Wealth Report 2025: Sail the Great Wealth Transfer (Capgemini Research Institute)

Summary

• Global high-net-worth individual wealth and population increased during 2024, by 4.2% and 2.6% respectively.p.8
• North America led growth, with HNWI wealth up 8.9% and HNWI population up 7.3%.p.8
• Asia Pacific saw a 4.8% increase in HNWI wealth and a 2.7% rise in population.p.8
• Generation X, millennials and Generation Z are poised to inherit USD 83.5 trillion by 2048.p.8
• HNWI investors hold a 15% allocation in alternative investments, including private equity and digital assets.p.8
• 47% of relationship managers are dissatisfied with their firm's digital tools and technologies.p.10
• 48% of relationship managers are expected to retire by 2040.p.10

Key insights

1. The World Wealth Report 2025 is the 29th edition of the series.p.3
2. Next-gen HNWIs often switch providers after receiving their inheritances.p.8
3. Next-gen HNWIs are predominantly risk takers, favoring higher growth asset classes such as private equity and cryptocurrency.p.9
4. Next-gen HNWIs seek investment opportunities in London, Switzerland and New York, while Singapore, Hong Kong, UAE and Saudi Arabia are emerging wealth hubs.p.9
5. Most wealth management firms lack the advanced tools and integrated technologies needed to support relationship managers.p.10
6. A unified Next-gen platform and AI embedded in relationship manager workflows can mitigate retention risks.p.10