BC Business
The average Canadian may be struggling to get by, but the rich keep getting richer. So says the 2018 edition of the World Wealth Report, published by Paris-based consulting firm Capgemini.
From 2016 to 2017, the number of high-net-worth individuals (HNWIs) in Canada grew by 5.5 percent, to 376,700, Capgemini found. (The standard definition of high net worth is at least $1 million in liquid assets.) Canadian HNWIs’ financial wealth swelled by 7.2 percent during the same period.
Globally in 2017, HNWI wealth exceeded US$70 trillion for the first time, a 10.6-percent gain over 2016 and the sixth straight year of growth. The 2,600-plus HNWIs surveyed for the report showed an appetite for cryptocurrencies, with almost 30 percent expressing a high degree of interest.