Press Trust of India / Mumbai Sep 23, 2009, 19:40 IST
With the recovery in global financial markets in sight, as much as 78 per cent of world's rich expect their personal wealth to grow nearly four times in the next one year, a survey today said.
The survey, conducted by Scorpio Partnership and Standard Chartered Private Bank among 1,500 investors across the globe, found the participants expect their average wealth to grow four times to an average $8 million from $2 million at present.
The study was prepared in May and June 2009, comprising people of average wealth $2 million from all walks of life, including coporate executives, business owners and academics.
Those in Continental Europe, Asia and Indian sub-continent have the highest wealth targets and plans to enhance their wealth from the current level by 6, 4.3 and 4.1 times, respectively, the report said.
Participants from Indian sub-continent expects their average wealth to grow to $9.07 million in 2010.
Nearly 80 per cent of the future wealthy in Asia said listed investments are likely to be a major source of their wealth as against 72 per cent in North America and 54 per cent in UK.
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