Home Capital Wealth

Europe's old money grew faster than China, Japan

Jovi Ho
Jovi Ho6/23/2022 12:07 PM GMT+08  • 8 min read
Europe's old money grew faster than China, Japan
A bridge across the Lahn river at the Philipps University of Marburg in the old town of Marburg, Germany. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

For years, the emerging entrepreneurial class of Asia has led the charge when it came to wealth creation. Their European counterparts, meanwhile, were long seen as conservative stewards of old money they had inherited and were mostly happy to maintain the status quo.

Not any more. Last year, the trend was broken as Europe outpaced “lacklustre” Asia Pacific in terms of the population of high-net-worth individuals (HNWIs) and wealth growth.

While some key markets performed well, the biggest markets of Japan and China weighed heavily in the region’s slowdown in 2021.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now