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- Published on Thursday, 12 December 2019
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How good are high and ultra-high-net-worth individuals in Asia-Pacific at doing good?
Interviewed By Joe Augustin
Asia-Pacific is experiencing the most rapid growth of wealth in history, due to the economic expansion of China and emerging Asia.Currently in the Asia Pacific, total household wealth grew by 3%, or $3,346 billion, since mid-2017, to $114,561 billion. Furthermore, wealth in the region is expected to grow at 5.9% per year to reach $153 trillion in 2023, with the number of millionaires expected to increase by 7.6% annually to reach 15 million in 2023. The ultra-high net-worth segment in the same period is expected to grow by 8% annually, with contributing 46%.
- Increased interest and support for philanthropy
- A preference for corporate structures
- The creation of the Doing Good Index
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