The official story of 2025 was a banner year for the world's fortunes.
Global financial wealth rose 10.7% to a record $333 trillion, the fastest expansion since 2021, according to Boston Consulting Group's latest Global Wealth Report.
North America and Western Europe still hold the bulk of that money, and the year's defining headline was a status contest between two established hubs: Hong Kong overtook Switzerland as the world's largest cross-border booking centre, each holding around $2.9 trillion in international assets.
Yet, the fastest-growing sources of new wealth are no longer New York, London or Zurich. They are increasingly found in Mumbai, Jakarta, Riyadh, Ho Chi Minh City and São Paulo.
According to BCG, emerging markets, including China, are on track to generate approximately $12 trillion in additional financial wealth by 2030.
