New Zealand, Singapore and mainland China are the three places expected to see the most significant proportional increase in their ultra-high-net-worth individuals (UHNWIs) populations at 270%, 268% and 256%, respectively, by 2026 from a decade earlier.
Asia Pacific is poised to see a continually enlarged base of wealthy individuals. Already home to more billionaires than any other region, Asia Pacific remains one of the largest growing regions for wealth, expected to surpass Europe as the second-largest regional wealth hub by 2026.
Despite having slower growth in 2021, Asia Pacific’s foothold as host to the world’s leading wealth hub will regain momentum in the next five years, Knight Frank says in its Wealth Report 2022. As the wealth boom shifts east, the billionaire population of Asia Pacific will also rise faster at 36.7% compared to the global average of 33.7% during the next half a decade. By 2025, more than a third of the world’s billionaires will be from the region — a proportion that has continued to increase.
