The greatest gains in numbers of HNWIs were in emerging markets. South Korea’s high-net-worth population increased the most, by 21.3%, from 2004 to 2005. India, Russia, South Africa and Indonesia posted the next biggest increases in HNWI numbers.
Widely expected significant growth in the number of HNWIs in the US did not materialize; in fact the rate of growth slowed to 6.8% from 9.9% the previous year. US HNWI growth: “seems to have peaked – along with the nation’s economic recovery – in 2003 and 2004”, says the report.
US HNWIs will need to...
