Synopsis
This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Russia.
Scope
• Independent market sizing of the Russian HNWIs across five wealth bands
• HNWI volume, wealth and allocation trends from 2010 to 2014
• HNWI volume, wealth and allocation forecasts to 2019
• HNWI and UHNWI asset allocations across 13 asset classes
• Geographical breakdown of all foreign assets
• Alternative breakdown of liquid vs. investable assets
• Number of UHNWIs in major cities
• Number of wealth managers in each city
• City wise ratings of wealth management saturation and potential
• Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Russia.
• Size of Russias wealth management industry
• Largest private banks by AuM
• Detailed wealth management and family office information
• Insights into the drivers of HNWI wealth
Summary
This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in Russia. It also includes an evaluation of the local wealth management market.
Reasons To Buy
• Russia Wealth Report 2015 is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data that is created based on over 125,000 HNWIs from around the world in our database.
• With the wealth reports as the foundation for our research and analysis, we are able to obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
• The report reviews the performance and asset allocations of HNWIs and Ultra HNWIs. The report also includes projections of the volume, wealth and asset allocations of the HNWIs to 2019 and a comprehensive background of the local economy.
• The report provides a thorough analysis of the Private Banking and Wealth Management sector, latest merger and acquisition activity and the opportunities and challenges that it faces.
• It also provides detailed information on HNWIs volumes in each major city.
Key highlights
• There were 160,877 HNWIs in Russia in 2014. These HNWIs held US$1.2 trillion in wealth.
• The volume of Russian HNWIs rose by 0.8% in 2014, following a decrease of 0.3% in 2013.
• Growth in HNWI wealth and numbers are expected to improve over the forecast period. The number of Russian HNWIs is forecast to grow by 37.7%, to reach 230,231 in 2019, while HNWI wealth is projected to grow by 45.7%, to reach US$1.8 trillion by the same year.
• Russian HNWIs held 32.4% (US$382 billion) of their wealth outside of their home country in 2014, while the worldwide average is 20–30%.
Table Of Contents
1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
4 Distribution of Wealth in Russia
4.1 HNWI Volume and Wealth Trends
5 Findings from the WealthInsight HNWI Database
5.1 Trends in HNWI Wealth to 2019
5.1.1 HNWI trend analysis
5.1.2 Wealth band trends
5.1.3 Demographic breakdown of HNWIs
5.1.4 HNWIs – job titles
5.1.5 HNWIs – industry breakdown
5.1.6 HNWIs – industry performance
5.1.7 HNWIs – breakdown by city
5.1.8 HNWIs – city performance
5.1.9 HNWIs – city population densities
5.1.10 HNWIs – city forecasts
5.2 UHNWIs
5.2.1 UHNWI volume trend analysis
5.2.2 UHNWI wealth trend analysis
5.2.3 Demographic breakdown of UHNWIs
5.2.4 UHNWIs – industry breakdown
5.2.5 UHNWIs – city breakdown and performance
5.3 UHNWIs – Billionaires
5.3.1 Billionaire volume trend analysis
5.3.2 Billionaire wealth trend analysis
5.3.3 Billionaire per capita net worth trend analysis
5.3.4 List of billionaires
5.4 UHNWIs – Centimillionaires
5.4.1 Centimillionaire volume trend analysis
5.4.2 Centimillionaire wealth trend analysis
5.4.3 Centimillionaire per capita net worth trend analysis
5.5 UHNWIs – Affluent Millionaires
5.5.1 Affluent millionaire volume trend analysis
5.5.2 Affluent millionaire wealth trend analysis
5.5.3 Affluent millionaire per capita net worth trend analysis
5.6 Core HNWIs
5.6.1 Core HNWI volume trend analysis
5.7 Core HNWIs – Mid-Tier Millionaires
5.7.1 Mid-tier millionaire volume trend analysis
5.7.2 Mid-tier millionaire wealth trend analysis
5.7.3 Mid-tier millionaire per capita net worth trend analysis
5.8 Core HNWIs – Lower-Tier Millionaires
5.8.1 Lower-tier millionaire volume trend analysis
5.8.2 Lower-tier millionaire wealth trend analysis
5.8.3 Lower-tier millionaire per capita net worth trend analysis
6 Analysis of Russian HNWI Investments
6.1 Analysis by Asset Class
6.1.1 Trends in alternative assets
6.1.2 Trends in ‘art, wine and wheels’
6.1.3 Trends of investment in real estate
6.1.4 Trends of investment in cash and deposits
6.1.5 Trends of investment in fixed-income
6.1.6 Investment trends in equity
6.1.7 Investments trends in business interests
6.2 Analysis of Foreign Investments
6.2.1 Investments in Europe
6.2.2 Investments in North America (including the US, Mexico and the Caribbean)
6.2.3 Investments in Asia-Pacific
6.2.4 Investments in South America
6.2.5 Investments in the Middle East
6.2.6 Investments in Africa
6.3 Alternative Breakdown: Liquid vs. Investable Assets
6.4 Analysis of Russian UHNWI Investments
7 Competitive Landscape
7.1.1 Domestic private banks
7.1.2 Foreign Private Banks
7.1.3 Wealth managers
7.1.4 Family offices
7.1.5 Financial advisors
7.2 Key Drivers
7.2.1 RUB to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investments (FDI) – inflows and outflows
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.3 Wealth Breakdowns
8 About WealthInsight
List Of Tables
Table 1: HNWI Wealth Band and Group Definitions
Table 2: Russian HNWIs – Volume Distribution (%), 2014
Table 3: Russian HNWIs – Wealth Distribution Wealth Pyramid (%), 2014
Table 4: Russian HNWIs – Industry Performance (%), 2010–2014
Table 5: Russian HNWIs – Cities, 2014
Table 6: Russian HNWI Growth in Top Cities (Thousand), 2010–2014
Table 7: Russian HNWIs Population Density in Major Cities (Thousand), 2014
Table 8: Russian HNWIs in Top Cities (Thousand), 2010–2019
Table 9: Russian HNWIs – Growth Rates for Top Cities (%), 2010–2019
Table 10: Russian HNWI Source of Wealth (%), 2014
Table 11: Russian UHNWI Gender Performance (%), 2010–2014
Table 12: Russian Volume of UHNWI in Top Cities, 2010–2019
Table 13: Russian UHNWIs Growth Rates for Top Cities (%), 2010–2019
Table 14: Russian Billionaires Market Overview (Volume and US$ Billion) 2010–2019
Table 15: Russian Top-10 Billionaires (US$ Billion), 2014
Table 16: Russian Billionaire Wealth Growth (US$ Billion), 2010-2014
Table 17: Russian Centimillionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Table 18: Russian Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Table 19: Russian Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Table 20: Russian Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Table 21: Russian Allocations of HNWI Assets (%), 2010–2019
Table 22: Russian HNWIs - Holdings Growth (%), 2010–2019
Table 23: Russian HNWI Alternative Asset Composition (%), 2010–2019
Table 24: Russian HNWI Trends of Investments in Alternative Assets (%), 2010–2019
Table 25: Russian Trends in ‘Art, Wine and Wheels’, 2010–2014
Table 26: Global Prime Real Estate Prices per m2 (US$), 2014
Table 27: Russian HNWI Foreign Investment Allocations (%), 2010–2019
Table 28: Russian HNWI Liquidity Breakdown (US$ Billion), 2010–2019
Table 29: Russian HNWI Liquidity Breakdown (%), 2010–2019
Table 30: Russian UHNWI Allocations and Share of HNWI Assets (%), 2014
Table 31: Leading Domestic Private Banks in Russia by local AuM (US$ Million) , 2014
Table 32: RUB to US$ Exchange Rate, 2010–2019
Table 33: Russian Real GDP Growth (%), 2010–2019
Table 34: Russian GDP Per Capita (US$), 2010–2019
Table 35: Russian Domestic Market Capitalization (US$ Billion), 2010–2014
Table 36: Russian Commodity Indices, 2010–2019
Table 37: Russian Foreign Direct Investments (US$ Billion), 2010–2019
Table 38: Russian Inflation Rate (%), 2010–2019
Table 39: Russian Money Market Rate (%), 2010–2019
Table 40: Russian Balance of Payments (US$ Billion), 2010–2014
Table 41: Russian Government Debt as a Percentage of GDP (%), 2010–2019
Table 42: Russian Stock Market Performance (Index), 2010–2014
Table 43: Russian HNWI Wealth vs. GDP Ratio (%), 2010–2019
Table 44: Russia– Appendix One
Table 45: Russia – Appendix Two
List Of Figures
Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Russia
Figure 3: Russian Asset Price Performance (%), 2010–2014
Figure 4: Russian HNWI Performance (US$ Billion and HNWI Volume), 2010–2019
Figure 5: Russian vs Global HNWIs (%), 2010–2019
Figure 6: Russian HNWIs – Growth Factor Correlation, 2010–2014
Figure 7: Russian HNWIs – Wealth Pyramid (Volume Distribution), 2014
Figure 8: Russian HNWIs – Wealth Pyramid (Volume Distribution), 2014
Figure 9: Russian HNWIs – Age Distribution (%), 2014
Figure 10: Russian HNWIs – Job Titles (%), 2010–2014
Figure 11: Russian HNWIs – Distribution by Industry (%), 2014
Figure 12: Russian HNWIs – City Performance (%), 2010–2014
Figure 13: Russian HNWIs – Volume of HNWIs by city (Thousand), 2010 and 2014
Figure 14: Russian HNWIs – City Forecasts (%), 2015–2019
Figure 15: Russian Volume of HNWIs by City (Thousand), 2015–2019
Figure 16: Russian UHNWIs Wealth Share vs Volume Growth (%), 2010–2014
Figure 17: Russian UHNWIs Volume by Wealth Band (Thousand), 2010–2019
Figure 18: Russian UHNWI Wealth by Wealth Band (US$ Billion), 2010–2019
Figure 19: Russian UHNWI Age Distribution (Percentage Share), 2014
Figure 20: Russian UHNWI Distribution by Industry (%), 2014
Figure 21: Russian Billionaires Market Overview (Volume and US$ Billion), 2010–2019
Figure 22: Russian Centimillionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Figure 23: Russian Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Figure 24: Russian Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Figure 25: Russian Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2010–2019
Figure 26: Russian HNWI Asset Class Composition (%), 2010–2019
Figure 27: Russian HNWI Trends in Alternative Assets (US$ Billion), 2010–2019
Figure 28: Russian Trends in ‘Art, Wine and Wheels’, 2010–2014
Figure 29: Russian HNWI Foreign Investment Allocation and Growth (%), 2014
Figure 30: Russian HNWIs – Global Distribution of Foreign Investments (%), 2010–2019
Figure 31: Russian HNWI Liquidity Breakdown (%), 2010–2019
Figure 32: Russian UHNWI Asset Class Composition (%), 2010–2019
Figure 33: Russian Exchange Rate – RUB to US$, 2010–2019
Figure 34: Russian Real GDP Growth (%), 2010–2019
Figure 35: Russian GDP Per Capita (US$), 2010–2019
Figure 36: Russian Domestic Market Capitalization (US$ Billion), 2010–2014
Figure 37: Russian Commodity Indices, 2010–2019
Figure 38: Russian Foreign Direct Investments (US$ Billion), 2010–2019
Figure 39: Russian Inflation Rate (%), 2010–2019
Figure 40: Russian Money Market Rate (%), 2010–2019
Figure 41: Russian Balance of Payments (US$ Billion), 2010–2014
Figure 42: Russian Government Debt as a Percentage of GDP (%), 2010–2019
Figure 43: Russian Stock Market Performance (Index), 2010–2014
Figure 44: Russian HNWI Wealth vs. GDP Ratio (%), 2010–2019
Figure 45: Russian HNWIs – Volume by Wealth Band, 2010–2019
Figure 46: Russian HNWIs – Wealth by Wealth Band (US$ Billion), 2010–2019
Figure 47: Russian HNWIs – Wealth per Capita (US$ Million), 2010–2019
