The poorest half of the world's population holds just around *** percent of the global wealth, this represented a slight increase since 2000. By comparison, the richest percent holds more than ** percent of the global wealth.

The level of global financial assets was expected to increase from ***** trillion U.S. dollars in 2023 to roughly *** trillion U.S. dollars by 2028. The United States is forecast to make up the largest portion of this global wealth, with the Asia-Pacific ranking ******.

Billionaires with a net worth over 50 billion U.S. dollars had a combined net worth of nearly two trillion dollars in 2023. Billionaires with a fortune of two to five billion U.S. dollars had the highest combined total wealth, nearly reaching three trillion U.S. dollars. That year, there were 18 persons with a fortune of over 50 billion dollars.

Around 36 percent of the world's collected net personal wealth belongs to the richest one percent. The share of global wealth owned by the richest percent fell during the global financial crisis in 2008/2009, and has been fluctuating since. One-third of the world's billionaires reside in North America.

The world's richest 10 percent holds more than three quarters of the world's total wealth. Although their share decreased by around five percentage points since 1995, this underlines the massive wealth inequalities existing around the world. By comparison, the poorest half of the world population holds less than two percent of global wealth. The richest percent holds more than 40 percent of the global wealth.

The average for 2021 based on 71 countries was 27.53 percent. The highest value was in Colombia: 43.7 percent and the lowest value was in Slovakia: 19.1 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

By 2030, the middle-class population in Asia-Pacific is expected to increase from **** billion people in 2015 to **** billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from *** million in 2015 to *** million in 2030. Worldwide wealth While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around ** percent of the world’s population had assets valued at less than 10,000 U.S. dollars, while less than *** percent had assets of more than one million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percentage of non-investable assets. The middle-class The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth among the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle class.

Cross-national research on the causes and consequences of income inequality has been hindered by the limitations of existing inequality datasets: greater coverage across countries and over time is available from these sources only at the cost of significantly reduced comparability across observations. The goal of the Standardized World Income Inequality Database (SWIID) is to overcome these limitations. A custom missing-data algorithm was used to standardize the United Nations University's World Income Inequality Database and data from other sources; data collected by the Luxembourg Income Study served as the standard. The SWIID provides comparable Gini indices of gross and net income inequality for 192 countries for as many years as possible from 1960 to the present along with estimates of uncertainty in these statistics. By maximizing comparability for the largest possible sample of countries and years, the SWIID is better suited to broadly cross-national research on income inequality than previously available sources: it offers coverage double that of the next largest income inequality dataset, and its record of comparability is three to eight times better than those of alternate datasets.

The OECD Income Distribution database (IDD) has been developed to benchmark and monitor countries' performance in the field of income inequality and poverty. It contains a number of standardised indicators based on the central concept of "equivalised household disposable income", i.e. the total income received by the households less the current taxes and transfers they pay, adjusted for household size with an equivalence scale. While household income is only one of the factors shaping people's economic well-being, it is also the one for which comparable data for all OECD countries are most common. Income distribution has a long-standing tradition among household-level statistics, with regular data collections going back to the 1980s (and sometimes earlier) in many OECD countries.

Achieving comparability in this field is a challenge, as national practices differ widely in terms of concepts, measures, and statistical sources. In order to maximise international comparability as well as inter-temporal consistency of data, the IDD data collection and compilation process is based on a common set of statistical conventions (e.g. on income concepts and components). The information obtained by the OECD through a network of national data providers, via a standardized questionnaire, is based on national sources that are deemed to be most representative for each country.

Small changes in estimates between years should be treated with caution as they may not be statistically significant.

Fore more details, please refer to: https://www.oecd.org/els/soc/IDD-Metadata.pdf and https://www.oecd.org/social/income-distribution-database.htm

Japan's share of global wealth stood at approximately **** percent in 2022, down from around *** percent in 2013. The total wealth held by adults in Japan amounted to approximately ** trillion U.S. dollars in 2022.

AM: Income Share Held by Highest 10% data was reported at 23.000 % in 2022. This records a decrease from the previous number of 23.600 % for 2021. AM: Income Share Held by Highest 10% data is updated yearly, averaging 25.200 % from Dec 1999 (Median) to 2022, with 23 observations. The data reached an all-time high of 31.700 % in 2004 and a record low of 21.500 % in 2020. AM: Income Share Held by Highest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Armenia – Table AM.World Bank.WDI: Social: Poverty and Inequality. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

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Wealth Management Market Size 2025-2029

The wealth management market size is valued to increase by USD 460.1 billion, at a CAGR of 8.5% from 2024 to 2029. Rising number of HNIs globally will drive the wealth management market.

Market Insights

North America dominated the market and accounted for a 40% growth during the 2025-2029.
By Business Segment - Human advisory segment was valued at USD 364.50 billion in 2023
By End-user - Banks segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 94.18 billion 
Market Future Opportunities 2024: USD 460.10 billion
CAGR from 2024 to 2029 : 8.5%

Market Summary

The market is a dynamic and evolving industry that caters to High Net Worth Individuals (HNIs) worldwide. With the increasing global wealth, the demand for comprehensive financial planning and investment management solutions has surged. Technological advances have significantly influenced the market, enabling digital platforms, robo-advisory services, and data analytics to streamline operations and enhance client experiences. However, this technological shift has also put pressure on pricing structures, compelling wealth management companies to reconsider their business models and offer competitive pricing. One real-world business scenario illustrates this trend: a multinational corporation optimizing its supply chain to reduce costs and increase efficiency. The company's CFO, seeking to minimize financial risks and maximize returns, engages a wealth management firm to manage its surplus cash. The firm, in turn, utilizes advanced technology to analyze market trends and identify investment opportunities, offering the corporation a personalized investment strategy. This collaboration not only reduces the corporation's operational burden but also ensures optimal returns on its cash reserves. In conclusion, the market is driven by the growing number of HNIs, technological innovations, and the need for operational efficiency. The industry continues to evolve, presenting both opportunities and challenges for companies to adapt and thrive.

What will be the size of the Wealth Management Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, with financial institutions increasingly leveraging advanced technologies to cater to the unique needs of high net worth individuals and families. One notable trend is the integration of machine learning algorithms and financial data analytics to enhance portfolio construction and risk tolerance assessment. According to recent research, the use of these technologies in wealth management has led to a significant improvement in net present value calculations for clients. For instance, portfolio optimization through quantitative models has resulted in a 25% increase in average annual returns for clients, compared to traditional methods. Furthermore, wealth managers are expanding their offerings to include insurance investment strategies, retirement income planning, and responsible investing. Compliance monitoring tools, fee benchmarking, and investment policy statements are essential components of this evolving landscape. In fact, a recent study indicates that 70% of wealth management firms have implemented compliance monitoring tools to ensure adherence to regulatory requirements. Moreover, the shift towards cloud-based solutions for client communication and data security is gaining momentum. Information security management and data breach prevention are critical concerns for wealth management firms, with 80% of firms reporting that they have experienced a data breach in the past year. To address these challenges, firms are investing in advanced cybersecurity measures and implementing strict access controls. In summary, the market is undergoing significant transformation, driven by technological advancements and changing client expectations. Firms that prioritize innovation and adapt to these trends will be well-positioned to provide superior services and meet the evolving needs of their clients.

Unpacking the Wealth Management Market Landscape

In the dynamic the market, client onboarding procedures have seen significant improvements, with due diligence processes reducing average onboarding times by 30%. Portfolio rebalancing, a critical component of effective investment management, has become more efficient, with automated systems enabling real-time adjustments and minimizing potential deviations from target asset allocations by up to 15%. Data security protocols have become a top priority, with regulatory compliance systems ensuring alignment and reducing potential fines by 25%. Fee structures have evolved, with alternative investment strategies like private equity and hedge funds increasingly popular due to their potential for highe

United States US: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 15.500 % in 2021. This records a decrease from the previous number of 17.000 % for 2020. United States US: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 17.700 % from Dec 1963 (Median) to 2021, with 59 observations. The data reached an all-time high of 19.000 % in 1993 and a record low of 15.500 % in 2021. United States US: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Colombia CO: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data was reported at -2.590 % in 2021. Colombia CO: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data is updated yearly, averaging -2.590 % from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of -2.590 % in 2021 and a record low of -2.590 % in 2021. Colombia CO: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Social: Poverty and Inequality. The growth rate in the welfare aggregate of the bottom 40% is computed as the annualized average growth rate in per capita real consumption or income of the bottom 40% of the population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The coverage and quality of the 2017 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2017 exercise of the International Comparison Program. See the Poverty and Inequality Platform for detailed explanations.;World Bank, Global Database of Shared Prosperity (GDSP) (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).;;The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

Graph and download economic data for Population, Total for Lower Middle Income Countries (SPPOPTOTLLMC) from 1960 to 2024 about income and population.

Global Wealth Management market size is expected to reach $2725.57 billion by 2029 at 6.7%, segmented as by type of asset class, equity, fixed income, alternative assets, other asset class

Graph and download economic data for Gross National Income for Low Income Countries (NYGNPMKTPCDLIC) from 1960 to 2024 about GNI and income.

Brazil BR: Income Share Held by Highest 10% data was reported at 41.000 % in 2022. This records a decrease from the previous number of 41.600 % for 2021. Brazil BR: Income Share Held by Highest 10% data is updated yearly, averaging 44.550 % from Dec 1981 (Median) to 2022, with 38 observations. The data reached an all-time high of 51.100 % in 1989 and a record low of 39.500 % in 2020. Brazil BR: Income Share Held by Highest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Social: Poverty and Inequality. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

According to the Hurun Global Rich List 2025, the United States housed the highest number of billionaires worldwide in 2025. In detail, there were *** billionaires living in the United States as of January that year. By comparison, *** billionaires resided in China. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States has regained its first place As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. Although China had briefly overtaken the U.S. recently, the United States has reclaimed its position as the country with the most billionaires in the world. Moreover, North America leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than ***** million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states. However, this may also change as China and other emerging economies continue developing. Female billionaires Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. On the list of the richest people in the world, only *** were women. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich, with the wealth distribution of the global population being heavily unequal.

Adjusted net national income per capita (annual % growth) in World was reported at 4.452 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.