China took the biggest hit and was responsible for 53% of wealth loss in Asia Pacific and more than 25% globally.
SINGAPORE (July 10): Overall global high net worth individual (HNWI) wealth dropped by 3% or US$2 trillion ($2.7 trillion) in 2018 after seven consecutive years of growth, according to the World Wealth Report (WWR) published on July 9 by Capgemini.
The decline in wealth was mainly due to a US$1 trillion drop in wealth in the Asia Pacific region as its HNWI population and wealth dropped by 2% and 5% respectively.
