Winners and losers in 2018 global wealth market
By Robbie Lawther and Cristian Angeloni, 28 Jan 19
WealthX’s high net worth handbook reveals some big changes within the wealth sector last year
Click through the slides below to find out more
Africa rising
Lastly, the report also found that Nigeria will be the fastest growing HNW country for the 2018-2023 period.
It said that the compound annual growth rate for the African nation was 16.3%.
Egypt (12.5%) and Bangladesh (11.4%) followed behind in second and third fastest, respectively.
Paul Clark, Africa equity fund manager at Ashburton Investments, told International Adviser, that Africa is seeing an expansion in “strong management teams running businesses across the continent”.
He added that most are family-run, but despite operating in difficult situations, these businesses are thriving also thanks to the great number of reforms being enacted in the sub-Saharan region since 2012, causing many African countries to quickly climb the World Bank’s list of economies with notable improvements, some of which have surpassed European countries like Spain and France.
Tags: Cash | Gold | High Net Worth | Liquidity
