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Luxury Lens: Where will the next wave of wealth come from?

Wealth creation doesn’t stand still. As new fortunes are made, where that wealth resides also changes. Two recent reports offer a snapshot of the globe’s most affluent locations today—and where they could be in the future.

North America currently hosts the greatest store of global wealth, with high-net-worth individuals (HNWIs) accumulating a total of US$32.9TN by the end of 2025, according to the World Wealth Report 2026, published by Capgemini, June 4, 2026.

Map showing the global distribution of high-net-worth wealth by region in 2025
North America held the largest concentration of high-net-worth wealth in 2025, followed closely by Asia-Pacific.

That’s up 9.9% on 2024. However, Asia Pacific saw the fastest wealth acceleration between 2024 and 2025, according to the research, with 10.5% growth resulting in the region’s HNWIs holding US$29.7TN in 2025.

Meanwhile, 2026 Global Wealth Report: The Great Reordering, published by Boston Consulting Group, May 27, 2026, focused solely on emerging market wealth.

It predicts that financial wealth will increase by US$6.89TN across emerging markets between 2025 and 2030. India is set to lead this charge, according to the report, generating US$2.37TN in new financial wealth by 2030. It is followed by Brazil (US$1.08TN), and Mexico (US$0.55TN).

Bar chart showing projected financial wealth growth across emerging markets from 2025 to 2030.
Emerging markets are projected to generate US$6.89 trillion in additional financial wealth between 2025 and 2030.

“The affluent remain engaged and confident in the luxury housing market,” says Philip A. White Jr., president and CEO, Sotheby’s International Realty, in the company’s 2026 Mid-Year Luxury Outlook report.

POSTED WITH PERMISSION. COPYRIGHT SOTHEBY’S. Click to read original article.

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