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Indian high net worth individuals (HNWIs) towered ahead of their global peers when it came to their drive for social good. The 2014 World Wealth Report from Capgemini and RBC Wealth Management notes that India had the highest proportion of HNWIs (90.5 per cent) who view driving social impact as important. This was followed closely by China and Indonesia at over 89 per cent. Globally, the HNWI population touched 13.7 million – an increase of 1.76 million − thanks to improving economic and equity market performance. The 15 per cent annual growth was the second-largest since 2000. Their wealth grew by nearly 14 per cent to reach a record high of $56.62 trillion.
Even as North America is home to the most number of affluent people, Asia-Pacific region narrowed the gap. The lead was limited to less than 10,000 individuals and the region’s wealth expanded by 18 per cent to reach $14.20 trillion.
The report also noted an increasingly more global mindset when in came to asset allocations. Nearly 37 per cent of the invest-able assets were allocated outside of the HNWIs home region, up from one-quarter a year ago.
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