Global wealth management assets under management hit USD 112 trillion in 2022, and private banks controlled 45% of that total through USD 50.4 trillion. High-net-worth wealth also rose to USD 86.8 trillion, with 22.8 million HNWIs worldwide. This report maps how AUM is concentrated and how allocation shifts, including fixed income and cash at 55%, plus UHNW momentum driving AUM to USD 28 trillion.
Key Takeaways
- Global wealth management assets under management (AUM) hit USD 112 trillion in 2022
- Private banks managed 45% of global AUM totaling USD 50.4 trillion in 2022
- Retail banks held 30% of AUM at USD 33.6 trillion in 2022
- In 2022, the global population of high-net-worth individuals (HNWIs) defined as those with investable assets of at least USD 1 million excluding primary residence reached 22.8 million, marking a 7.6% year-over-year increase
- Global HNWI wealth totaled USD 86.8 trillion in 2022, up 7.9% from the previous year despite market volatility
- North America held 38% of global HNWI population with 7.9 million individuals in 2022
- Global wealth industry revenue reached USD 1.8 trillion in 2022, up 9%
- Wealth managers’ operating margins averaged 28% in 2022 for top firms
- 68% of HNWIs switched or considered switching advisors in past 2 years
- Global UHNWIs (USD 30 million+ assets) numbered 264,200 in 2022, up 7.4%
- Total UHNW wealth reached USD 39.7 trillion in 2022 globally
- The US dominated UHNW population with 110,300 individuals in 2022
- Expected USD 84 trillion intergenerational wealth transfer from 2023-2048 globally
- Baby Boomers to transfer USD 53 trillion to Millennials and Gen Z in US by 2045
- Europe anticipates USD 19 trillion wealth transfer over next 20 years
Global wealth management AUM soared to USD 112 trillion in 2022, with UHNW driving much of the growth.
Related reading
01 · Category
AUM Metrics20 stats
01
Global wealth management assets under management (AUM) hit USD 112 trillion in 2022
02
Private banks managed 45% of global AUM totaling USD 50.4 trillion in 2022
03
Retail banks held 30% of AUM at USD 33.6 trillion in 2022
04
Independent asset managers oversaw USD 17.3 trillion or 15% of AUM in 2022
05
Mass affluent segment (USD 100k-1M assets) represented 40% of AUM growth in 2022
06
UHNW segment drove 25% of AUM increase to USD 28 trillion in 2022
07
Europe’s wealth management AUM was USD 35 trillion in 2022, 31% of global
08
North America AUM reached USD 38 trillion in 2022, leading globally
09
Asia-Pacific AUM grew 12% to USD 25 trillion in 2022
10
55% of global AUM was in fixed income and cash in 2022
11
Equities comprised 28% of AUM allocations totaling USD 31.4 trillion in 2022
12
Alternative assets in AUM rose to USD 11.2 trillion or 10% in 2022
13
Global AUM projected to reach USD 145 trillion by 2025 at 5.2% CAGR
14
Fee income from AUM grew 8% to USD 1.2 trillion in 2022
15
Digital platforms managed 15% of AUM or USD 16.8 trillion in 2022
16
China’s AUM expanded 14% to USD 12 trillion in 2022
17
Switzerland’s wealth managers oversaw USD 8.5 trillion AUM in 2022
18
Singapore AUM hit USD 4.2 trillion in 2022, up 11%
19
UK wealth management AUM was USD 5.1 trillion in 2022
20
US robo-advisors managed USD 1.5 trillion AUM in 2022, growing 25%
Interpretation
AUM Metrics Interpretation
In a landscape where private banks hoard nearly half the world's $112 trillion treasure chest and cautious clients park most of their wealth in bonds and cash, the real story is a global gold rush being fueled by the mass affluent and turbocharged by digital platforms, proving that while the ultra-rich write the biggest checks, the future of wealth is being democratized one algorithm and middle-class saver at a time.
02 · Category
HNWI Statistics25 stats
01
In 2022, the global population of high-net-worth individuals (HNWIs) defined as those with investable assets of at least USD 1 million excluding primary residence reached 22.8 million, marking a 7.6% year-over-year increase
02
Global HNWI wealth totaled USD 86.8 trillion in 2022, up 7.9% from the previous year despite market volatility
03
North America held 38% of global HNWI population with 7.9 million individuals in 2022
04
Asia-Pacific region saw the fastest HNWI population growth at 9.3% in 2022, reaching 7.6 million HNWIs
05
Europe had 6.3 million HNWIs representing 28% of the global total in 2022
06
The United States alone accounted for 7.4 million HNWIs or 32% of the global population in 2022
07
China’s HNWI population grew by 10.2% to 1.1 million in 2022 amid economic challenges
08
In 2022, 62% of global HNWI wealth was held in equities and mutual funds
09
Latin America’s HNWI numbers increased by 5.4% to 700,000 in 2022
10
Middle East and Africa combined had 640,000 HNWIs in 2022, up 4.1%
11
Japan’s HNWI population stood at 3.4 million in 2022, second largest in Asia-Pacific
12
Global HNWI wealth grew by USD 6.4 trillion in 2022 to reach USD 86.8 trillion
13
Women represented 11.3% of global HNWIs in 2022
14
India’s HNWI population surged 12.1% to 850,000 in 2022
15
Australia had 450,000 HNWIs in 2022, growing at 6.8%
16
UK HNWIs numbered 950,000 in 2022, up 3.2%
17
Germany’s HNWI count was 1.4 million in 2022
18
France had 950,000 HNWIs in 2022, stable growth
19
Canada’s HNWI population reached 500,000 in 2022, up 5.9%
20
Brazil led Latin America with 220,000 HNWIs in 2022
21
South Africa had 38,000 HNWIs in 2022, growing 4.5%
22
Singapore’s HNWI numbers hit 300,000 in 2022, up 8.7%
23
Switzerland hosted 950,000 HNWIs in 2022
24
Hong Kong had 140,000 HNWIs in 2022
25
Saudi Arabia’s HNWI population grew to 95,000 in 2022, up 6.2%
Interpretation
HNWI Statistics Interpretation
Despite market turbulence proving no match for their fortunes, 2022 saw a global millionaire club of nearly 23 million swell with enough wealth to solve numerous world problems, though their $86.8 trillion portfolio still remains glaringly light on both geographic and gender diversity.
03 · Category
Industry Trends15 stats
01
Global wealth industry revenue reached USD 1.8 trillion in 2022, up 9%
02
Wealth managers’ operating margins averaged 28% in 2022 for top firms
03
68% of HNWIs switched or considered switching advisors in past 2 years
04
Sustainable investing AUM hit USD 18 trillion in wealth industry 2022
05
Robo-advisory AUM grew 30% YoY to USD 2.5 trillion globally in 2022
06
Number of single-family offices worldwide reached 7,500 in 2022
07
Private equity allocations by wealth clients rose to 15% of portfolios in 2022
08
Digital tools adopted by 85% of wealth firms for client engagement in 2023
09
Asia wealth management headcount grew 12% in 2022 to 450,000
10
Cost-income ratio for wealth managers improved to 65% in 2022
11
92% of next-gen investors prioritize ESG factors in investments 2023
12
Global family office AUM totaled USD 5.8 trillion in 2022
13
Wealthtech funding reached USD 12 billion in 2022 across startups
14
40% of wealth advisors are over 55 years old, facing retirement wave
15
Hybrid advisory models captured 35% market share in 2022
Interpretation
Industry Trends Interpretation
Despite enjoying fat margins and a massive revenue stream, the wealth industry is nervously sweating through its silk shirt as clients, technology, and the next generation demand radical change, proving that even in a trillion-dollar game, you can't just sit on your pile of money.
More related reading
04 · Category
UHNW Statistics24 stats
01
Global UHNWIs (USD 30 million+ assets) numbered 264,200 in 2022, up 7.4%
02
Total UHNW wealth reached USD 39.7 trillion in 2022 globally
03
The US dominated UHNW population with 110,300 individuals in 2022
04
China had 42,800 UHNWIs in 2022, second highest globally
05
UHNWIs in the Middle East grew 8.1% to 12,500 in 2022
06
Europe’s UHNW population was 80,200 in 2022, holding 25% of global UHNW wealth
07
Asia-Pacific UHNWIs totaled 68,400 in 2022, up 9.2%
08
UHNW real estate investment averaged USD 25 million per property purchase in 2022
09
42% of UHNWIs planned to increase private equity allocations in 2023
10
Global UHNWIs expected 5.1% wealth growth in 2023
11
India’s UHNWIs grew 12% to 13,000 in 2022
12
UK had 9,800 UHNWIs in 2022
13
Germany’s UHNW population was 7,200 in 2022, up 6.5%
14
Switzerland hosted 4,900 UHNWIs in 2022
15
Australia’s UHNWIs numbered 2,800 in 2022, growing 7.8%
16
Brazil had 2,500 UHNWIs in 2022
17
Russia’s UHNWIs stood at 2,900 despite sanctions in 2022
18
UAE saw UHNWIs grow 10.2% to 4,500 in 2022
19
Singapore had 3,100 UHNWIs in 2022
20
Japan’s UHNW population was 6,200 in 2022
21
France counted 5,600 UHNWIs in 2022
22
Canada had 3,900 UHNWIs in 2022, up 5.4%
23
South Korea’s UHNWIs reached 2,800 in 2022
24
Italy had 3,200 UHNWIs in 2022
Interpretation
UHNW Statistics Interpretation
While the world wrestles with economic headwinds, a growing, globe-trotting club of ultra-rich individuals—concentrated in the U.S. but booming in Asia and the Middle East—is quietly amassing a staggering $40 trillion fortune and plotting its next move into private equity and palatial real estate.
05 · Category
Wealth Transfer21 stats
01
Expected USD 84 trillion intergenerational wealth transfer from 2023-2048 globally
02
Baby Boomers to transfer USD 53 trillion to Millennials and Gen Z in US by 2045
03
Europe anticipates USD 19 trillion wealth transfer over next 20 years
04
Asia-Pacific great wealth transfer estimated at USD 12 trillion by 2030
05
51% of UHNWIs plan to transfer wealth within 5 years
06
Only 28% of HNWIs have fully documented succession plans in place as of 2023
07
US Millennials expected to inherit USD 12 trillion from parents by 2030
08
China’s wealth transfer to next generation projected USD 5.5 trillion by 2027
09
70% of wealthy families lose wealth by second generation, 90% by third
10
Global family offices managing transferred wealth grew to 10,000 in 2023
11
UK great wealth transfer forecasted at GBP 5.7 trillion over 30 years
12
India’s intergenerational transfer to hit USD 2.4 trillion by 2040
13
43% of HNWIs cite tax planning as top transfer concern in 2023
14
France expects EUR 15 trillion wealth handover by 2050
15
Australia’s Boomer wealth transfer USD 3.5 trillion over next 20 years
16
65% of next-gen heirs lack financial literacy per 2023 surveys
17
Germany’s wealth transfer projected EUR 3.2 trillion by 2035
18
Brazil anticipates USD 700 billion transfer by 2030
19
Singapore families to transfer SGD 1.2 trillion by 2030
20
Canada’s intergenerational shift USD 1 trillion by 2028
21
75% of UHNW parents want children involved in philanthropy post-transfer
Interpretation
Wealth Transfer Interpretation
The world's wealth is undergoing history's largest game of financial hot potato, with trillions on the move and a sobering number of players utterly unprepared to catch it.
Reference
Cite This Report
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APA
Marie Larsen. (2026, February 13). Wealth Industry Statistics. Gitnux. https://gitnux.org/wealth-industry-statistics
MLA
Marie Larsen. "Wealth Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/wealth-industry-statistics.
Chicago
Marie Larsen. 2026. "Wealth Industry Statistics." Gitnux. https://gitnux.org/wealth-industry-statistics.
Sources & references
12 datasets cited across this report