According to data from the consulting company BCG, North America and Western Europe continue to hold the majority of global wealth. However, in 2025, Hong Kong surpassed Switzerland for the first time as the largest global hub for cross-border banking, with approximately $2.9 trillion in international assets each.
Meanwhile, the fastest-growing sources of wealth are emerging markets, particularly cities like Mumbai, Jakarta, Riyadh, Ho Chi Minh City, and São Paulo. It is projected that by 2030, these markets will contribute around $12 trillion of additional financial wealth.
The household segment with financial assets exceeding $250,000 is expected to grow by 8% annually, creating over 1 million new dollar millionaires by the end of the decade.
India stands out as the country with the greatest wealth growth potential — over $2 trillion by 2030. Brazil and Mexico are expected to contribute approximately $1 trillion and $600 billion, respectively. Significant growth is also forecasted in Vietnam, Indonesia, Saudi Arabia, and the Gulf countries, demonstrating a broadening geographical distribution of wealth creation.
Knight Frank’s 2026 report notes a 63% increase in the number of Ultra-High-Net-Worth Individuals (UHNWI, assets exceeding $30 million) in India between 2021 and 2026, with over 25,000 such individuals predicted by 2031. Indonesia is forecast to have the highest UHNWI growth rate at 82% over five years.
The Gulf region is solidifying its status as a wealth hub: its share in the global UHNWI population has risen from 2.4% to 3.1% in the past five years. Saudi Arabia anticipates the most dynamic increase in billionaires by 2031.
Mumbai, where wealth growth is driven by internal capital, is expected to see an 8.7% rise in luxury real estate prices by 2025, supported by an economic growth rate of nearly 40% over five years.
In summary, the epicenter of wealth generation is shifting from traditional Western financial hubs towards Asia, Latin America, and the Middle East. Nevertheless, the continuation of these trends will depend on geopolitical and economic factors such as political stability, trade integration, and energy security.