IM Yearbook 2020/21

750 Million
People Would
Like to Move
More than 750 million
people worldwide - 15% of
the world’s adults - would
migrate if they could, a
Gallup World Poll survey
found out in 2017. The
countries where potential
migrants say they would
like to move to have more
or less been the same for
the past decade. Roughly
18 countries attract twothirds
of all potential
migrants worldwide. One
in five potential migrants
(21%) name the US as their
desired future residence.
Canada, Germany, France,
Australia and the United
Kingdom each appeal to
more than 30 million adults.
Record High:
272 Million
International
Migrants
In 2019, the number of migrants
globally reached an estimated 272
million, the UN’s 2020 World Migration
Report revealed. That’s 51 million
more than in 2010 and almost 100
million more than in 2000. The UN
projects that there will be 405 million
international migrants by 2050.
36% of HNWI have
a Second Passport
According to Knight Frank, 36% of
high-net-worth individuals already
hold a second citizenship, with 26%
planning to emigrate permanently.
Countries with the
Most Millionaires:
USA and China
For the past decade, global
wealth creation has focused on
China and the United States,
according to Credit Suisse’s
Global Wealth Report 2019.
The United States accounts
for 40% of dollar millionaires
worldwide and for 40% of
those in the top 1% of global
wealth distribution. However,
China overtook the United
States to become the country with most people
in the top 10% of global wealth distribution.
The number of new millionaires worldwide
was relatively modest, up 1.1 million to 46.8
million. The United States added 675,000
newcomers, more than half of the global
total. Japan and China each contributed
more than 150,000, but Australia lost 124,000
millionaires following a fall in average wealth.
Rising
Number of
Ultra-Wealthy
The world’s UHNWI
population – those with
a net worth of US$30
million or more – rose by
6.4% in the 12 months to
January 2020, according
to Knight Frank’s Wealth
Report 2020. Globally,
there are a total of
513,244 UHNWIs. The
US counts 240,575
people worth more than
US$30 million – nearly
quadruple that of the
next most concentrated
country, China, which
has 61,587 UHNWIs, and
more than Europe and
Asia combined. Knight
Frank predicts that Asia’s
UHNWI population will
grow by 44% over the
next five years, followed
by Africa at 32%. The US
will continue to dominate
in terms of gross
number of UHNWIs by
2024, with an additional
22% joining the ranks
of the super-rich.
150-170 countries
City Appeal
Large and dynamic global cities are
popular among the wealthy. New York
City is home to more ultra-wealthy
individuals than any other city in
the world, with 120,605 residents
worth US$5 million or more. That’s
according to data firm Wealth-X’s
latest report, “A Decade of Wealth.”
Tokyo and Hong Kong make it to
position two and three respectively.
Among the top 30 fastest growing
cities only four are in the US, the
other 26 cities are all in China.
Cities to Watch
Melbourne (Australia), Delhi (India),
Dubai (UAE), Hanzghou (China) and
Tel Aviv (Israel) cities are expected
to grow strongly in terms of total
wealth held over the next decade,
according to New World Wealth’s
Global Wealth Migration Review 2019.
AN EU passport typically allows visa-free
travel to between 150 and 170 countries.
Number of Millionaires
Worldwide Triples in 20 Years
The number of millionaires worldwide nearly
tripled in the last two decades, according to the
2019 Global Wealth Report published by Boston
Consulting Group. More than 24 million people
around the globe had reportedly personal wealth
valuing $ 1 million or more at the end of 2019. In
1999, this number stood at 8.9 million people.
Wealth Groups
90% of all wealthy individuals have a net worth
of between $1m and $5m, Wealth X claims.
Only about one in every 10 of the world’s
millionaires falls into the VHNW group, while
just 1.2% are UHNW individuals. However, when
taking into consideration the proportion of
total wealth held across the three tiers, those
in the lowest wealth bracket of $1m to $5m
account for around 40% of global millionaire
net worth. The cohort of VHNW individuals
command a share of just over 25%, while
the relatively small UHNW population holds a
combined 35% of global millionaire wealth.
Global wealth is expected to rise by 43% over the next decade, reaching US$291 trillion
by 2028, according to New World Wealth’s Global Wealth Migration Review 2019. This will be
driven by strong growth in Asia influenced by countries such as Vietnam, India and China.
Investment Migration Yearbook 2O2O/2O21 7