The number of HNW individuals in South and Central America reached 0.20 million in 2022
The indicator recorded a historical growth (CAGR) of 5.65% between 2019 and 2022, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Number of HNW individuals in South and Central America recorded a single-digit YoY decline in 2020
Number of HNW individuals in South and Central America recorded a significant growth between 2017-2019 but observed no YoY change in 2020.
As of the end of 2020, the global HNW market comprised millions of individuals, the majority of whom are located in North America and predominately in the US, making the country the largest target market globally.
A key focus for most wealth providers, HNW entrepreneurs constitute the second-largest target segment (after professionals), followed by females and expats, who represent an almost equally large target market. Inheritors are the smallest segment; however, providers reaching out to female inheritors should not encounter any trouble growing their business given that this segment is often overlooked.
The US and the UK are considered entrepreneurial havens among HNW expats
Taking a closer look at the global entrepreneurial community, a low-double-digit percentage share of HNW entrepreneurs run their business in another country than their country of birth. Interestingly, this proportion differs only marginally when comparing the unlisted companies and listed companies.
However, there are noteworthy differences when it comes to choice of country. When considering only those entrepreneurs whose company is not in their country of origin, the US is the preferred location for both listed and unlisted companies. While the UK is also an attractive destination for both types, Hong Kong is notably more attractive for listed companies thanks to its sizable stock exchange and vibrant initial public offering market.
After professionals, entrepreneurs constitute the largest HNW segment
HNW entrepreneurs make for a sizable target market, and dedicated programs aimed at this segment are a must across the globe. The entrepreneurial spirit runs particularly high among Polish, Japanese, and Filipino HNW individuals – the only three nationalities tracked by GlobalData where entrepreneurs constitute more than half of the local HNW population. However, once again we see significant regional differences with regards to the makeup of the entrepreneur communities across different countries.
United States of America
United States of America
United States of America
United States of America
United States of America
United States of America
United States of America
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