This uncertainty It also affects those who have it. great wealth. With an average decline of 3.2 percent in the value of assets in Europe millionaires (individuals with an asset value of more than one million dollars excluding primary housing, collectibles, consumer goods and consumer durables) and 2.2% of their number, Spain In 2022, the equity value decreased by 5.5 percent to $687,200 million. inflation And their rise interest rates, among others; Compared to 0.5% in France; 1.1% in the UK; 2.7% in Italy; or 2.2% in Germany according to the newly published world wealth report capgemini. And Number of millionaires in Spain It increased from 246,500 people in 2021 to 237,400 in 2022, down 3.7%.
The figures contradict income tax statistics which show slightly more than 11,000 taxpayers worth more than 601,000 euros per year in 2020 (the latest data available) and about 214,000 taxpayers with a net worth of more than 300.00 euros in wealth tax. In any case, great fortunes often acquire the bulk of their wealth through companies that are taxed at more favorable rates.
same work, millionaires Globally, it decreased by 3.3% last year to 21.7 million; during The value of his wealth fell 3.6% to $83 trillion. about biggest drop in ten years (2013-2022), caused by geopolitical and macroeconomic uncertainty caused stock market declines.
The largest declines in wealth occurred in North America (-7.4%), followed by Europe (-3.2%) and Asia-Pacific (-2.7%). In contrast, Africa, Latin America and the Middle East, More resilient and experienced financial growth in 2022thanks to good results from the oil and gas sectors.
As a result of economic uncertainty, only 23% of millionaires reported higher returns from ESG-related assets (environmental or social problems).
The report also notes that expanding the potential asset management client base is now a must to help fuel the long-term growth of the asset management industry. In fact, experts A huge opportunity between $250,000 and a million dollars.is called ‘wealthy’. This is a population that continues to grow in size and financial impact.
By geographic region, North America (46%) and Asia-Pacific (32%) round up the world’s wealthiest in terms of wealth value and population size. Despite having nearly $27 trillion in assets (almost 32% of the global millionaire collective’s total wealth), 34% of companies do not explore this segment.
Capgemini’s report covers 71 markets representing more than 98% of global gross national income and 99% of global market value.