Expectations for Global Wealth Increase by 2027

A study published by Credit Suisse and UBS today, Tuesday, indicates that global wealth, measured by personal asset holdings ranging from real estate to stocks, is expected to increase by 38 percent by 2027, largely driven by emerging markets. The annual Global Wealth Report, which estimates the wealth holdings of 5.4 billion adults in 200 markets, forecasts that global wealth will reach $629 trillion in the next five years. These optimistic predictions come despite the first recorded decline in global net wealth in 2022 since the global financial crisis of 2008. The report revealed that, in nominal terms, private net wealth fell by 2.4 percent last year, with losses concentrated in the most prosperous regions like North America and Europe, with the rise of the dollar being a significant factor. The largest increases in wealth last year were observed in Russia, Mexico, India, and Brazil. The report anticipates that wealth in the BRICS countries, which include Brazil, Russia, India, China, and South Africa, will increase by 30 percent by 2027. Additionally, it is expected that further increases in emerging markets will help alleviate global wealth inequality in the coming years.