Julius Baer Wealth Report

HNWI in Asia Face Rising Lifestyle Costs but are Expected to Grow 160% by 2020

Date:

HNWI in Asia Face Rising Lifestyle Costs but are Expected to Grow 160% by 2020

Autor: Gabriela Huerta

  1. Shanghai retains the top spot as the most expensive city
  2. Asia makes up 36% of the global beauty market and it is expected to grow 4.5% every year until 2019
  3. Watches, ladies’ shoes, travel costs and men’s suits, posted gains while wine and jewellery, drops
  4. Julius Baer continues to expect HNWI assets across the region to grow to USD 14.5 trillion by 2020