Capgemini’s 30th World Wealth Report reveals that the Asia-Pacific (APAC) region has once again topped global wealth growth charts, with high-net-worth individual (HNWI) wealth increasing by 10.5% in 2025. This growth outpaced other regions, including North America and Europe, and was driven by AI-driven market momentum.
The report, released by the Capgemini Research Institute, highlights significant gains in key APAC markets. Japan saw a 12.3% increase in HNWI wealth, buoyed by a 26% rise in the Nikkei 225 and a 21.6% growth in market capitalisation. Hong Kong experienced a 13.6% rise in HNWI wealth, supported by a 27.8% gain in the Hang Seng Index. Meanwhile, China’s HNWI wealth grew by 12.2%, despite challenges in the real estate sector.
Globally, HNWI wealth reached a record $98.3t, marking an 8.7% increase from the previous year. However, the report notes that traditional wealth management firms are struggling to meet rising HNWI expectations, with only 17% of HNWIs reporting a seamless advisory experience. As $1.5t in assets shifted to non-traditional players between 2022 and 2025, the report suggests that firms need to adopt augmented intelligence to deliver personalised advice at scale.
Capgemini CEO Kartik Ramakrishnan emphasised the need for wealth management firms to transform their operating models, stating, “Firms can optimise legacy models for incremental improvements, or they can embrace an intelligence-led operating model that compounds advantage as they move ahead.” The report underscores the importance of personalised, empathetic advice in shaping the future of wealth management.
