Excerpt from the World Wealth Report 2009
After a year of exceptional volatility, the world’s population of high net worth individuals (HNWIs) was down 14.9% in 2008 from the year before, according to the 13th annual World Wealth Report from Merrill Lynch Global Wealth Management and Capgemini. The unprecedented declines wiped out two years of robust growth in 2006 and 2007, reducing both the HNWI population and its wealth to levels below the close of 2005.
Ultra-HNWIs suffered more extensive losses in financial wealth than the HNWI population as a whole. Along with the Ultra-HNWI population drop, this segment’s wealth dropped 23.9%.
Learn more about key findings in the State of the World’s Wealth from the World Wealth Report 2009.