Global Wealth Report 2014

Credit Suisse - October 2014 

The credit suisse global Wealth Report provides the most comprehensive and up-to-date source of information on global household wealth. since 2010, we have collaborated with professors Anthonys Horrocks and Jim Davies, recognized authorities on this topic, and the principal authors of “ personal Wealth from a g lobal perspective,” Oxford University Press, 2008. unlike other studies, this report measures and analyzes trends in wealth across nations from the very base of the “wealth pyramid” to the ultra-high net worth individuals. the methodology is robust, established over many years of analysis, and completely transparent with regard to the underlying sources and their quality. Although the global economic environment has remained challenging, total global wealth has grown to a new record, rising by us D 20.1 trillion between mid-2013 and mid-2014, an increase of 8.3%, to reach us D 263 trillion – more than twice the us D 117 trillion recorded for the year 2000. With an 11.4% year-on-year increase, wealth creation was particularly strong in North America, where it now stands at us D 91 trillion, or 34.7% of total wealth. Europe made the second largest contribution, with wealth increasing 10.6% to us D 85.2 trillion. i n both regions, capital markets were a key source of wealth growth: equity market capitalization grew by 22.6% in the United States, while Canada, France and Germany all recorded gains close to 30%. a s we noted last year, Asia and particularly China will account for the largest portion of newly created wealth among the emerging markets. h owever, we find that emerging-market wealth growth has not been able to maintain its momentum from the pre-crisis period between 2000 and 2008. t his should not distract from the fact that personal wealth in i ndia and c hina has risen by a factor of 3.1 and 4.6 since 2000. While we have seen an uptrend in the share of wealth in emerging markets, that trend has come to a halt in recent years, mainly due to a de-acceleration in growth and underperforming equity markets. h owever, we expect to see a big improvement in the position of emerging economies over the next five years.

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