<p>NWWealth &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;GWMR 2018 &nbsp; © New World Wealth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Page 1 &nbsp; ho- Global Wealth Migration Review Worldwide wealth and wealth migration trends Publication Date: February 2018 NWWealth &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;GWMR 2018 &nbsp; © New World Wealth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Page 2 &nbsp; TABLE OF CONTENTS TABLE OF CONTENTS . 2 LIST OF TABLES. 3 1 Introduction . 4 1.1 What is this Report About? . 4 1.2 Notes and definitions . 4 1.3 Sources . 4 1.4 Why do we compile a global wealth report? . 5 2 Country benchmarks . 6 2.1 Global wealth statistics . 6 2.2 W10: The 10 wealthiest countries worldwide . 6 2.3 The wealthiest countries by wealth per capita . 9 3 Country performance and trends . 10 3.1 Wealth growth over the past year . 10 3.2 Wealth growth over the past 10 years . 12 3.3 Future trends. 14 3.4 The rise of the Asia 7 . 15 4 Wealth inequality. 16 4.1 Wealth inequality by country . 16 4.2 Relationship between population density and wealth per capita . 18 5 The wealthiest cities worldwide . 19 5.1 World cities . 19 5.2 Spotlight on Chinese cities . 21 6 Wealth migration trends . 22 6.1 The immigration debate . 22 6.2 Countries with large inflows of HNWIs in 2017 . 23 6.3 Countries with large outflows of HNWIs in 2017 . 24 6.4 Country spotlights . 25 6.5 Cities with large inflows of HNWIs in 2017. 28 6.6 Cities with large outflows of HNWIs in 2017 . 29 6.7 Mechanisms of migration . 29 7 HNWI review . 30 7.1 Top countries and cities for HNWIs . 30 7.2 Top countries and cities for multi-millionaires . 31 7.3 Top countries and cities for billionaires . 32 7.4 Most popular destinations and hobbies for the worlds wealthy . 33 7.5 Key investment trends for HNWIs in 2017 and beyond . 35 8 Global prime property index . 38 NWWealth &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;GWMR 2018 &nbsp; © New World Wealth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Page 3 &nbsp; 9 Drivers of wealth growth . 39 9.1 Factors that encourage wealth growth. 39 9.2 Woman safety index . 40 10 About New World Wealth . 42 LIST OF TABLES Table 1: World: Wealth band definitions .4 Table 2: W10: The 10 wealthiest countries in the world by total wealth held, 2017 .6 Table 3: W10: Wealth growth by country, 2016 - 2017 .7 Table 4: W10: Wealth growth by country, 2007 - 2017 .7 Table 5: W10: Wealth growth forecast by country, 2017 - 2027 .8 Table 6: World: The 10 wealthiest countries in the world by per capita wealth, 2017 .9 Table 7: World: Best performing wealth markets, 2016 - 2017.10 Table 8: World: Worst performing wealth markets, 2016 - 2017 .11 Table 9: World: Best performing wealth markets, 2007 - 2017.12 Table 10: World: Worst performing wealth markets, 2007 - 2017 .13 Table 11: The Asia 7 - The big 7 wealth markets in Asia.15 Table 12: World: Countries ranked by HNWI net inflows, 2017 .23 Table 13: World: Countries ranked by HNWI net outflows, 2017 .24 Table 14: World: Cities with large (1,000+) inflows of HNWIs in 2017 .28 Table 15: World: Cities with large (1,000+) outflows of HNWIs in 2017.29 Table 16: World: The top 10 countries for HNWIs, 2017 .30 Table 17: World: The top 10 cities for HNWIs, 2017 .30 Table 18: World: The top 10 countries for multi-millionaires, 2017 .31 Table 19: World: The top 10 cities for multi-millionaires, 2017 .31 Table 20: World: The top 10 countries for billionaires, 2017 .32 Table 21: World: The top 10 cities for billionaires, 2017 .32 Table 22: World: Most popular hotels for the super-rich, 2017 .33 Table 23: World: Most popular trains for the super-rich, 2017.33 Table 24: World: Most popular hobbies for the super-rich, 2017 .34 Table 25: World: Top classic cars for HNWIs, 2017 .37 Table 26: World: Top 20 most expensive prime property locations worldwide, 2016 - 2017 .38 NWWealth &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;GWMR 2018 &nbsp; © New World Wealth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Page 4 &nbsp; 1 Introduction 1.1 What is this Report About? . This report covers global wealth and wealth migration trends over the past 10 years, with projections for the next 10 years. The following table breaks down the various wealth bands that we look at in this report. Table 1: World: Wealth band definitions Wealth group Definition Billionaires Billionaires are those individuals with net assets of US$1 billion or more. Multi-millionaires Those individuals with net assets of US$10 million or more. Millionaires (HNWIs) Those individuals with net assets of US$1 million or more. Also known as high net worth individuals. Mass Affluent Those individuals with net assets of between US$100,000 and US$1 million. Source: New World Wealth &nbsp; &nbsp; &nbsp;1.2 Notes and definitions “Total wealth” refers to the private wealth held by all the individuals living in each country/city. It includes all their assets (property, cash, equities, business interests) less any liabilities. We exclude government funds from our figures. &nbsp; “Collectables” include any luxury item that holds its value reasonably well over time (examples: art, classic cars). All the growth rates and figures in this report are in US$ terms. Stats mentioned in this report are from New World Wealth unless otherwise stated. 1.3 Sources Sources include: &nbsp; The New World Wealth HNWI database, which includes detailed profiles on over 150,000 HNWIs worldwide. NWWealth &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;GWMR 2018 &nbsp; © New World Wealth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Page 5 &nbsp; Regular interviews with intermediaries (migration experts, wealth managers, financial advisors, property agents, travel agents and art &amp; classic car dealers). &nbsp; Property registers and property sales statistics in each country (i.e. who is buying). Income distribution stats in each country. Stock market statistics in each country. Tracking of HNWI movements in the media. Investor visa program statistics in each country. &nbsp; Crime stats in each country. 1.4 Why do we compile a global wealth report? We consider wealth to be a far better measure of the financial health on an economy that GDP. Reasons for this include: In certain countries, a large portion of GDP flows to the government and therefore has little impact on private wealth creation (examples: Bahrain, Kuwait). GDP counts items multiple times (for instance, if someone is paid $100 for a product/service and they then pay someone else that $100 for another product/service, then that adds $200 to a countrys GDP, even though only $100 has been produced at the start). &nbsp; GDP disregards income levels in a country. GDP ignores the efficiency of the local banking sector and the local stock market at retaining wealth in a country. &nbsp;Wealth figures, on the other hand, do not have any of these limitations, making them a far better gauge of the financial health of an economy than GDP figures. Wealth migration figures are another very important gauge of the health of an economy. For instance, if a country is losing a large number of HNWIs to migration, it is probably due to serious problems in that country (i.e. crime, lack of business opportunities, religious tensions etc.). Conversely, countries that attract HNWIs tend to be very healthy and normally have low crime rates, good schools and good business opportunities. &nbsp; &nbsp;NWW</p>