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1、TABLEOFCONTENTSExecutiveSummary1Introduction2GlobalMapoftheVeryHighNetWorth32019:BullishMarkets,BearishEconomy4WealthbyTier9Top10VHNWCountries11Top10VHNWCities13ProfilingToday'sVHNWIndividuals15Methodology21AboutWealth-X22WEALTH-XVERYHIGHNETWORTHHANDBOOK2020EXECUTIVESUMMARYTHEVERYHIGHNETWORTH(VHNW)P
2、OPULATION-THOSEWITHANETWORTHOF$5MTO$30M-EXPANDEDSTRONGLYIN2019,RISINGBYOVER10%TO2.7MINDIVIDUALS.Thiswasasharpaccelerationingrowthfromjust1%in2018.ThecombinednetworthofVHNWindividualsalsoincreasedbyover10%,to$26.6trn.THEVHNWPOPULATIONANDTHEIRCOMBINEDNETWORTHINCREASEDINMOSTMAJORREGIONS.However,thesega
3、inswerenotevenlydistributed.Theworld’slargestwealthhub,NorthAmerica,ledtheway,withboththenumberofVHNWindividualsandtheircollectivenetworthrisingbyaround15%.Double-digitgrowthwasalsorecordedinAsiaandAfrica.Therewasbelow-averagegrowthoftheVHNWpopulationandcollectivenetworthinEuropeandthePacific,althou
4、ghbothregionsperformedconsiderablybetterthantheMiddleEast,whichsawnegligibleincreases,andLatinAmericaandtheCaribbean,wherewealthcreationstagnated.THEVHNWPOPULATIONINTHEUSHADAHIGHLYPROSPEROUSYEARANDTHECOUNTRYREMAINSBYFARTHELARGESTWEALTHMARKETWORLDWIDE.TheUSVHNWpopulation(whichgrewbyalmost16%)andtheir
5、combinedwealthaccountedforapproximately36%oftheglobaltotalin2019.ChinaandJapanalsosawstrongperformances–combinedVHNWwealthinthetwocountriesaccountsforover60%oftotalnetworthintheAsiaregion.Meanwhile,HongKong,LuxembourgandSingaporehavethehighestdensityofVHNWindividuals.NEWYORKREMAINSFARANDAWAYTHELEADI
6、NGVHNWCITY,WITH110,170SUCHINDIVIDUALSIN2019.Insecondplace,with73,845,TokyolagsNewYorksubstantially,butisneverthelesswellaheadofthird-placedHongKong,byalmost9,000individuals.Interestingly,nomainlandChineseorGermancitiesfeatureinthetop10,despitehavingthesecond-andfourth-largestVHNWpopulations,respecti
7、vely,atcountrylevel,reflectingamoreevendistributionofwealthinthosetwothaninsomeotherleadingVNHWcountries.ExcludingthoseinChinaandtheUS,IstanbulandAnkara(thecapital)inTurkeyareexpectedtobethefastest-gr