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Associated Press
4 days ago
- Business
- Associated Press
North America High-Net-Worth Individual Population Surges, While Europe and Middle East Shrink: Capgemini Report
PARIS--(BUSINESS WIRE)--Jun 4, 2025-- TheCapgeminiResearch Institute'sWorld Wealth Report 2025, published today, reveals the global high-net-worth individuals 1 (HNWIs) population rose by 2.6% in 2024. Now in its 29 th edition, the report finds this increase was driven by the growth in the population of ultra-high-net-worth individuals (UHNWIs), which grew by 6.2%, as strong stock markets and AI optimism boosted portfolio returns. The data indicates that alternative investments 2, such as private equity and cryptocurrencies, are now an established presence in HNWI holdings, representing 15% of their portfolios. At the end of 2024, according to Capgemini's research: Within the largest individual markets, the U.S. was the clear leader, adding 562,000 millionaires as the country's HNWI population grew by 7.6% to 7.9 million. India and Japan were standouts in the Asia-Pacific region, with both countries registering 5.6% growth, adding 20,000 and 210,000 millionaires, respectively. In contrast, growth in China was negative, with HNWI population declining by 1.0%. 'The great wealth transfer will be a defining moment for the industry. Despite global wealth on the rise, 81% of inheritors plan to switch firms within one to two years of inheritance. Potentially losing these unsatisfied clients is going to create significant risk for the global wealth management sector,' said Kartik Ramakrishnan, CEO of Capgemini's Financial Services Strategic Business Unit and Group Executive Board Member. 'The next-generation of high-net-worth individuals arrive with vastly different expectations to their parents. This necessitates an urgent shift away from traditional strategies to effectively cater to their evolving needs on this wealth journey. Firms must also prepare to equip advisors with the digital capabilities, potentially augmented with agentic or generative AI, to mitigate the risk of losing both clients and key employees.' As of January 2025, HNWI investors parked 15% of their portfolios in alternative investments, including private equity and cryptocurrencies. They are willing to take more risks to expand their wealth – allocating capital to higher growth asset classes and niche product offerings, notably by 61% of millennial and Gen Z HNWIs. Beyond digital resources, the industry is on the cusp of a talent shortage amid an unprecedented transfer of wealth to Gen X, millennial, and Gen Z inheritors. In the next 12 months, one in four advisors plan to be on the move, with a majority transitioning to a competitor firm and a few starting their own ventures. Additionally, 20% of advisors say they will retire by 2035, with 48% planning to retire by 2040. As the great wealth transfer unfolds, the wealth management industry will need to reimagine product offerings through tailored investment options for next-gen HNWIs. Firms must empower and engage advisors with an intuitive digital experience across all channels to secure their loyalty, the report concludes. Read the full report: Sailing through the Great Wealth Transfer Get The Future You Want | Visit us at View source version on CONTACT: Press contact: Fahd Pasha Tel.: +1 647 860 3777 E-mail: [email protected] KEYWORD: EUROPE UNITED STATES NORTH AMERICA FRANCE INDUSTRY KEYWORD: DATA ANALYTICS ASSET MANAGEMENT CONSULTING ARTIFICIAL INTELLIGENCE PROFESSIONAL SERVICES TECHNOLOGY DIGITAL CASH MANAGEMENT/DIGITAL ASSETS BUSINESS SOURCE: Capgemini Copyright Business Wire 2025. PUB: 06/04/2025 07:07 AM/DISC: 06/04/2025 07:05 AM
Yahoo
7 days ago
- Business
- Yahoo
Can You Guess What The Rich Are Investing In? Nearly a Quarter of Their Wealth Is Tied To One Asset — And It's Not Stocks
Is the typical rich person's portfolio packed with tech stocks, startup equity, and private hedge funds? Maybe a pile of municipal bonds, mutual funds, or just an eye-watering amount of cash sitting idle? Depends who you ask. While the headlines scream about AI stocks and crypto millionaires, the wealthiest individuals on the planet are quietly putting their money somewhere much more stable — and far less flashy. According to Knight Frank's Wealth Report 2025, wealthy investors are still betting big on real estate. In fact, 22.5% of their portfolios are made up of direct property investments — nearly a quarter of their wealth, parked in something tangible. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — And that share is expected to grow. The report found that 44% of wealthy individuals plan to increase how much they invest in real estate over the next 18 months. It's not about flipping houses — it's about buying long-term, cash-generating, inflation-resistant assets. The top choices aren't just beachfront estates, though those still make the cut. The biggest growth areas include: Luxury homes in high-demand cities Dubai, Lisbon, and Miami Industrial and logistics properties, which are booming thanks to e-commerce Housing sectors like student apartments and senior living, where demand keeps climbing This isn't a short-term play. Wealthy investors are holding these properties for nine years or more, according to the report — focusing on long-term income and stability, not market timing. Trending: Maximize saving for your retirement and cut down on taxes: . Real estate offers something stocks, crypto, and startup equity don't: control and consistency. The wealthy use property to preserve wealth, generate steady rental income, and pass on long-term value to future generations. And when markets get rocky, real estate gives them something solid to lean on — literally. While everyday investors chase trends and try to time the next breakout stock, the rich are loading up on what they know works. Real estate isn't just a line on a portfolio — it's the bedrock. Whether it's a rental property in Portugal or a warehouse in Austin, Texas, it's the asset they trust to do the heavy lifting. And if nearly a quarter of their wealth is already there — with plans to pour in more — maybe it's time to ask: what do they know that the average investor doesn't? Read Next: Here's what Americans think you need to be considered Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Can You Guess What The Rich Are Investing In? Nearly a Quarter of Their Wealth Is Tied To One Asset — And It's Not Stocks originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Time of India
22-05-2025
- Business
- Time of India
Century Real Estate raises ₹1,850 cr from Ares Asia, SC Lowy
Century Real Estate has secured ₹1,850 crore in structured debt funding led by global investors Ares Asia and SC Lowy , marking one of the largest private debt raises by a regional real estate developer in recent quarters. The capital infusion will enable the Bengaluru based developer to unlock projects with a cumulative Gross Development Value (GDV) of ₹14,000 crore over the next five years. Ares Asia committed ₹1,600 crore across two tranches, while SC Lowy contributed ₹250 crore. The funds will be channelled towards scaling up residential and Grade A commercial developments across Bengaluru's high-demand micro-markets, the company said in a statement. 'With Bengaluru's real estate market witnessing unprecedented demand for both residential and Grade A commercial spaces, this capital infusion empowers us to accelerate our expansion, deliver world-class developments, and reinforce our leadership in the industry. Balancing both residential and commercial growth, we are committed to meeting the high demand for premium living and business spaces. Our strong FY25 performance has set the foundation for an ambitious year ahead, and we remain dedicated to shaping Bengaluru's skyline with innovative, high-quality spaces,' said Ravindra Pai, Managing Director, Century Real Estate. The developer has maintained a robust growth trajectory, clocking over 2x year-on-year growth, buoyed by the rising demand for branded residential spaces in Bengaluru. In H1FY25 alone, the firm posted pre-sales of ₹1,024 crore — a 121% jump in residential bookings compared to FY24. The latest fundraise underscores renewed investor appetite for India's real estate sector, especially in core urban markets like Bengaluru, where demand for lifestyle-focused housing and institutional-grade office assets continues to outpace supply. The city is also emerging as a prominent luxury market amongst India's top cities, with Knight Frank's Wealth Report 2025 highlighting that people investing in real estate buy more square footage in Bengaluru for $1 million compared to Mumbai and Delhi. These advantages, coupled with a growing presence of multinational corporations setting up Global Capability Centers (GCCs), including major players like Google, are further solidifying Bengaluru's position as a hub for business and innovation. The company has a land bank of over 3000 acre and a development portfolio of over 20 million comprising premium residential and commercial assets like hotels, office buildings, residences, educational institutions, and integrated townships.
Hindustan Times
03-05-2025
- Business
- Hindustan Times
The three Indias: Making sense of the great economic divide
What does ultra-high net worth mean? How many are they and how do they live? What of India's poorest? Who are we, as a country, once the slim upper crust has been peeled away? Split three ways The Indus Valley Annual Report 2025, published by venture capital firm Blume Ventures, divides India into three categories: India 1, representing the wealthiest 10% of the population; India 2, representing the middle 23%; and the vast swathe of India 3. * ₹12.80 lakh Ranked on its own as a country, India 1 would have a population of 140 million spread across 30 million households, and would be the 10th-largest country in the world. Its per capita income would stand at $15,000 (about ₹12.80 lakh). This would place it at 63rd position on the list of countries by per capita income For perspective, Oman, which is at 54 on the real list, has a per capita income of $20,000. * ₹2.55 lakh India 2 or the 'aspirant class', consisting of about 23% of the population, would be made up of 70 million households and 300 million people, and would have a per capita income of $3,000 (about ₹2.55 lakh). * ₹85,000 India 3 would consist of 1 billion people across 205 million households, the entire 'bottom' 67% of the economy. Per capita income here stands at $1,000 (about ₹85,000). * ₹2.12 lakh How badly do averages skew perception? In 2023, India's average per capita income was placed at $2,500, or about ₹2.12 lakh. . Who are the wealthiest? * 3.7% of the world's HNI individuals are Indian citizens, according to the Knight Frank Wealth Report 2025, released in March. They define HNI as a net worth of $10 million or more. * 85,698 people Indians met this mark, according to the Knight Frank report. * 3rd India is third on the list of countries with the wealthiest billionaires. Indian billionaires collectively hold an estimated $950 billion in wealth, coming in immediately after the US ($5.7 trillion) and Mainland China ($1.34 trillion). * 191 is the number of billionaires in India, as of 2025, according to the Knight Frank report * 26 of these billionaires joined the ranks over the financial year 2023-24 alone. A big jump from seven new billionaires in 2019 . How do they spend? * Jewellery beats all other collectibles among India's super-rich, according to the Top of the Pyramid report released by Kotak Private Banking in association with the financial consultancy Ernst & Young, in March. * 94% of the 150 ultra-high-net-worth individuals (UHNIs) surveyed said they invest in jewellery. Art came in second, with interest from 73%. (For the purposes of this survey, UHNI was defined as people with a net worth of $30 million or more.) * About 7% of UHNI expenses were allocated for foreign travel. On the list of must-have were luxury stays in historic or brag-worthy properties such as castles, chateaux and underwater hotels. * 20% of UHNIs surveyed were either planning to or were in the process of moving to another country while retaining their Indian citizenship. About 65% of these were aiming for the US, with another 32% aiming for the UK. . Meanwhile… at the other end of the spectrum 37.9% of households in India own a refrigerator 23.7% own an air conditioner or cooler 18% own a washing machine According to the India National Family Health Survey 5 (2019-2021), the last year for which such data is available.
