An IMGlobalWealth.com News Report
Emerging markets are becoming the next major frontier for global wealth creation, with new data pointing to a shift that could reshape private banking, investment migration, luxury markets and global advisory services.
“The next wealth boom is unlikely to be written only in New York, London, Zurich or Geneva. Increasingly, it will be shaped in Mumbai, São Paulo, Mexico City, Riyadh and Ho Chi Minh City”
According to Euronews, citing Boston Consulting Group’s latest Global Wealth Report, emerging markets, including China, are expected to generate around $12 trillion in additional financial wealth by 2030.
The affluent-and-above segment, households with more than $250,000 in financial assets, is forecast to grow by about 8% annually, creating more than one million new dollar millionaires before the end of the decade.
BCG’s own report adds further context.Global financial wealth rose by 10.7% in 2025 to reach a record $333 trillion, the fastest expansion since 2021. Including real assets, total global net wealth reached approximately $550 trillion.
Yet while North America and Western Europe still hold much of the world’s accumulated capital, the strongest new growth is increasingly coming from Asia, Latin America and the Middle East.
India is expected to be the largest contributor among emerging markets, adding more than $2 trillion in financial wealth by 2030. Brazil is forecast to add about $1 trillion, while Mexico could generate roughly $600 billion.
Other markets, including Vietnam, Indonesia, Saudi Arabia, Turkey and Malaysia, are also expected to benefit from rising domestic savings, expanding middle classes and stronger local capital formation.
The shift is already being reflected in global wealth management. Reuters reported last week that Hong Kong has overtaken Switzerland as the world’s largest cross-border wealth booking centre, with $2.95 trillion in international assets, narrowly ahead of Switzerland’s $2.94 trillion.
Cross-border wealth globally rose 8.4% to $15.7 trillion in 2025.The broader economic backdrop remains fragile.
The IMF expects global growth of 3.1% in 2026 and 3.2% in 2027, while warning that geopolitical tensions, inflation and energy disruptions remain downside risks. The World Bank has also cautioned that emerging economies still face slower income convergence unless policy, investment and institutional conditions improve.
Still, the direction is clear. The next wealth boom is unlikely to be written only in New York, London, Zurich or Geneva. Increasingly, it will be shaped in Mumbai, São Paulo, Mexico City, Riyadh and Ho Chi Minh City.
