The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Private banking: Latin American wealth in context

Latin America and the Caribbean have 10% of the world’s ultra-high-net-worth individuals and 4% of high-net-worth individuals, according to the latest Merrill Lynch/Cap Gemini World wealth report.

Private banking: Quality begins at home

In total, the region has 400,000 high-net-worth people (defined as those with at least $1 million in financial assets, excluding collectables, consumables, consumer durables and primary residences). It has 10,200 ultra-high-net worth individuals (those with at least $30 million in financial assets). In comparison, North America has 3.3 million high-net-worth individuals and 41,200 with ultra high net worth, and Asia-Pacific has 2.8 million high-net-worth individuals and 20,400 with ultra high net worth.

However, the number of high-net-worth individuals in the region does not do justice to the absolute size of the market in Latin America: the total assets held by the wealthy and ultra-wealthy in the region amount to $6.2 trillion, compared with $11.7 trillion held by their counterparts in North America and $9.5 trillion by those in Asia-Pacific. Surprisingly, Latin America’s wealth market is more than three and half times the size of the Middle East’s ($1.7 billion), although the report projects that the Gulf region will have the fastest-growing wealth market during the next four years (up by 15.3%). It predicts that Latin America will have the second-fastest-growing market (up 10.8%) while Europe’s will expand by only 4.9%

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree