Number of Russian HNWIs to grow by 4.5 per cent by end of 2018
The number of high net worth individuals (HNWIs) in Russia is poised to increase by 4.5 per cent between 2013 and 2018, according to WealthInsight’s Russia Wealth Report 2014.
There were 161,581 HNWIs in Russia as of 2013, whose combined wealth was estimated at USD 1.1 trillion.
In the same year, the number of HNWIs in the country increased by 1.2 per cent, following a decline of 0.5 per cent in the year-earlier period.
In 2013, Russia’s HNWIs held USD345 billion – or nearly 31 per cent – of their wealth outside of their own homeland compared to the global average of 20 to 30 per cent.
Growth in the wealth and volume of the country’s HNWI population is forecast to improve in the forthcoming years. The number of local HNWIs is forecast to reach 170,129 by 2018-end, demonstrating an increase of 4.5 per cent between 2013 and 2018. Meantime, their wealth is anticipated to surge by 17 per cent and reach the USD1.4 trillion mark by 2018.
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