Wealth held by rich investors with assets over $1 million is set to grow 50 percent in the next five years to $75 trillion, according to a report published on Thursday.
The study by management consultancy Oliver Wyman found that the annual growth rate of wealth held by high net worth individuals is expected to slow to nine percent in the next five years as tougher market environment bites.
Global wealth held by rich clients grew by an annual 12 percent over the past five years to 2007 to $50 trillion thanks to a bull run in stock markets.
SUBSCRIBE AND FOLLOW
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements.Learn more