The publication notes that Asia’s share of global private wealth has risen from 6% to 21% over the last 25 years, with Singapore and Hong Kong as the main wealth hubs. This is powered by a CAGR of 11%, doubled that of the west.
Asia’s private wealth is forecasted to reach one quarter of global total and hit US$99 (S$129.9) trillion by 2029, according to a whitepaper on intergenerational wealth transfer.
Entitled The Asia Generational Wealth Report 2025: Succession in a new era, the report was published by UOB Private Bank, Boston Consulting Group (BCG) and NUS Business School on Nov 11.
