Many of those donors will be among the 226,000 High Net Worth Individuals the 2015 Capgemini World Wealth Report estimates can be found in Australia.
Capgemini’s World Wealth Report for 2015 (figures for 2014) came out in June, showing continued but slower growth in the world’s population of wealthy individuals, and that for the first time the number of high net worth individuals in Asia has overtaken the number in the USA. Key growth countries are India and China. Australia showed some growth, with the total population of individuals meeting Capgemini’s criteria rising from 219,000 in 2013 to 226,000 in 2014.
The report defines a ‘High Net Worth Individual’ as someone who has US$1m or more in investable assets; figures exclude the individuals main residence but do not exclude superannuation.
The most interesting feature for our sector is the increasing attention the WWR has been giving to the question of social impact and philanthropy over the last few years. In this edition of the report, they highlight advice on social impact as one of the key things that investors, and especially younger investors, are looking for from their advisors. More on this topic here https://www.worldwealthreport.com/Social-Impact-for-Wealth-Managers
You can access and download the 2015 report here
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