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Luxury Lens: Where will the next wave of wealth come from?

Wealth creation doesn’t stand still. As new fortunes are made, where that wealth resides also changes. Two recent reports offer a snapshot of the globe’s most affluent locations today—and where they could be in the future.

North America currently hosts the greatest store of global wealth, with high-net-worth individuals (HNWIs) accumulating a total of US$32.9TN by the end of 2025, according to the World Wealth Report 2026, published by Capgemini, June 4, 2026.

Map illustrating the current global distribution of high-net-worth wealth. US$20.5trillion in Europe, US$32.9 trillion in North America, US$9.6 trillion in Latin America, US$2.1 trillion in Africa, US$3.5 trillion in the Middle East, and US$29.7 trillion in Asia Pacific.

That’s up 9.9% on 2024. However, Asia Pacific saw the fastest wealth acceleration between 2024 and 2025, according to the research, with 10.5% growth resulting in the region’s HNWIs holding US$29.7TN in 2025.

Meanwhile, 2026 Global Wealth Report: The Great Reordering, published by Boston Consulting Group, May 27, 2026, focused solely on emerging market wealth.

It predicts that financial wealth will increase by US$6.89TN across emerging markets between 2025 and 2030. India is set to lead this charge, according to the report, generating US$2.37TN in new financial wealth by 2030. It is followed by Brazil (US$1.08TN), and Mexico (US$0.55TN).

Bar chart displaying the predicted wealth increase in emerging markets, totaling US$6.89 trillion. India: US$2.37 trillion, Brazil: US$1.08 trillion, Mexico: US$0.55 trillion, Saudi Arabia: US$0.29 trillion, Turkiye: US$0.27 trillion, Malaysia: US$0.25 trillion, South Africa: US$0.22 trillion, Chile: US$0.19 trillion, Qatar: US$0.17 trillion, Indonesia: US$0.16 trillion, other emerging markets: US$1.35 trillion.

“The affluent remain engaged and confident in the luxury housing market,” says Philip A. White Jr., president and CEO, Sotheby’s International Realty, in the company’s 2026 Mid-Year Luxury Outlook report.

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