High-net-worth individuals’ investable wealth hits $56T

Nearly 19 percent of the population's money is invested in real estate

TRD New York /
Sep.September 18, 2014 06:00 PM

The investable wealth of high net worth individuals hit a record high in 2013 as the overall population of the wealthy grew and equity markets improved, according to a new report.

The number of high net worth individuals with $1 million in investable assets grew by 1.76 million people, according to the World Wealth Report 2014 from Capgemini and RBC Wealth Management. The increase pushed the population’s investable wealth up 14 percent to $56.62 trillion.

North America remains the wealthiest region with $14.88 trillion in high-net wealth. Asia-Pacific came in second with $14.2 million. Growth in Asia-Pacific’s population of high net worth individuals narrowed North America’s lead to fewer than 10,000 people.

Cagpgemini and RBC broke down the financial asset classes in which high net worth individuals are investing by region, offering a view into real estate allocations.

Across the globe, high net worth individuals allocated 18.7 percent of their wealth in real estate in the first quarter of 2014, down from 20 percent in the same period last year. Latin American millionaires had the largest share of wealth in real estate (27.6 percent), followed by the Middle East (25.4 percent), Europe (23.4 percent) and Asia-Pacific excluding Japan (23 percent).

Real estate accounted for 14.1 percent of North American high net worth individuals’ financial assets. Japan came in last with just 11.4 percent of high net wealth invested in property.

More money is crossing borders, according to the report. In the first quarter of 2014, high net worth individuals invested one-third of their wealth overseas, compared with one-quarter in the same period of 2013. – Tom DiChristopher


Related Articles

arrow_forward_ios
68 Gold Street with CW Realty CEO Cheskie Weisz and 1340 East Bay Avenue (Google Maps)

CW Realty purchase makes TRD’s mid-market i-sales list

CW Realty purchase makes TRD’s mid-market i-sales list
SL Green CEO Marc Holliday with 220 East 42nd Street and 103-105 MacDougal Street (Google Maps)

SL Green’s condo sales at Daily News building lead mid-market deals

SL Green’s condo sales at Daily News building lead mid-market deals
125 East 92nd Street and 165 East 179th Street (Corcoran, Google Maps) 

Ved Parkash purchase makes TRD’s mid-market i-sales list

Ved Parkash purchase makes TRD’s mid-market i-sales list
70-32 84th Street and 82-33 Lefferts Boulevard in Queens (Google Maps)

Mid-market investment sales return after week of zero deals

Mid-market investment sales return after week of zero deals
Lexington Ave. on May 03, 2020 (Credit: Roy Rochlin/Getty Images)

NYC sees second week with no mid-market deals since onset of pandemic

NYC sees second week with no mid-market deals since onset of pandemic
620 West 153rd Street (Credit: Google Maps)

Hamilton Heights development site led mid-market deals last week

Hamilton Heights development site led mid-market deals last week
Joseph Chetrit and 118 East 76th Street (Credit: Sylvain Gaboury/Patrick McMullan via Getty Images, Google Maps)

Joseph Chetrit’s townhouse sale led mid-market NYC deals last week

Joseph Chetrit’s townhouse sale led mid-market NYC deals last week
Clockwise from the left: 200 East 95th Street, 150 East 45th Street and 52 Greene Street (Credit: StreetEasy; Google Maps)

Not quite dead: Trio of mid-market deals in NYC last week

Not quite dead: Trio of mid-market deals in NYC last week
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...