Marktanalyse - High Net Worth Trends in France to 2015

Synopsis
This report is the result of WealthInsight’s extensive research covering the HNWI population and wealth management industry in France.

Summary
This report provides projections of the volume and wealth of French HNWIs and a comprehensive background of the local economy. This includes demographic trends (2007-2011) and findings of the proprietary WealthInsight HNWI Database.

Scope
The report features:
• Independent market sizing of French HNWIs
• Volume and wealth trends from 2007 to 2011
• Volume and wealth forecasts to 2015
• Insights into the drivers of HNWI wealth

Reasons To Buy
• The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the Database comprises up to one hundred data-points on over 100,000 HNWIs from around the world. It also includes profiles on major private banks, wealth managers and family offices in each country. With the Database as the foundation for our research and analysis, we are able 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.
• Comprehensive forecasts to 2015.

Key Highlights
• As of 2011, there are just over 555,000 HNWIs in France, with a combined wealth of around US$2 trillion, accounting for roughly 16% of France’s total wealth.
• The total number of HNWIs in France declined by 12.8% over the review period (2007 to 2011), while HNWI wealth dropped by 16.4%.
• Over the forecast period, the total wealth of French HNWIs is forecast to grow by 12.2% at a CAGR of 2.9%, to reach almost US$2.2 trillion in 2015. HNWI volumes will see a smaller percentage increase, growing by 9.1% at a CAGR of 2.2% to reach just over 606,000 individuals in 2015. Notably, this is below the level of 637,000 reached at the end of 2007.

Table of Contents

1 Introduction

1.1 What is this Report About?

2 Executive Summary

3 Wealth Sector Fundamentals

3.1 Political Background to the Wealth Sector

3.2 Economic Background to the Wealth Sector

3.3 Benchmarking French Wealth in Context

3.3.1 Distribution of Wealth

4 Findings from the WealthInsight HNWI Database

4.1 Trends in HNWI Wealth to 2015

4.1.1 HNWI Trend Analysis

4.1.2 HNWI Volume Trend Analysis

4.1.3 HNWI Wealth Trend Analysis

4.1.4 Per Capita HNWI Net Worth Trend Analysis

4.1.5 Trends of the Wealth Bands

4.1.6 Demographic Breakdown of HNWI

4.2 UHNWIs — The Billionaires

4.2.1 Billionaire Volume Trend Analysis

4.2.2 Billionaire Wealth Trend Analysis

4.2.3 Billionaire Per Capita Net Worth Trend Analysis

4.2.4 City-wise Breakdown of Billionaires in France

4.2.5 Industry Breakdown of Billionaires in France

4.2.6 Top Billionaires in France

4.3 UHNWIs — The Centimillionaires

4.3.1 Centimillionaire Volume Trend Analysis

4.3.2 Centimillionaire Wealth Trend Analysis

4.3.3 Centimillionaire Per Capita Net Worth Trend Analysis

4.4 UHNWIs — The Affluent Millionaires

4.4.1 Affluent Millionaire Volume Trend Analysis

4.4.2 Affluent Millionaire Wealth Trend Analysis

4.4.3 Affluent Millionaire Per Capita Net Worth Trend Analysis

4.5 Core HNWIs

4.5.1 Core HNWI Volume Trend Analysis

4.5.2 Core HNWI Wealth Trend Analysis

4.6 Core HNWIs — The Mid Tier Millionaires

4.6.1 Mid Tier Millionaire Volume Trend Analysis

4.6.2 Mid Tier Millionaire Wealth Trend Analysis

4.6.3 Mid Tier Millionaire Per Capita Net Worth Trend Analysis

4.7 Core HNWIs — Lower Tier Millionaires

4.7.1 Lower Tier Millionaire Volume Trend Analysis

4.7.2 Lower Tier Millionaire Wealth Trend Analysis

4.7.3 Lower Tier Millionaire Per Capita Net Worth Trend Analysis

5 Appendix

5.1 Major Cities and Departments in France

5.2 Challenges and Opportunities for the Wealth Sector in France

5.2.1 Regulatory Environment

5.2.2 Human Resource availability for the wealth management industry

5.2.3 Philanthropy

5.2.4 Demand for Intergenerational Wealth Transfer and Younger Clientele

5.3 Regulatory Environment in France

5.3.1 Banking Regulations

5.3.2 Regulations on Taxes

5.3.3 Regulations on Wealth Management and Private Banking

5.3.4 Regulations on Fund Management

5.3.5 Regulations on Foreign Investment

5.3.6 Regulations on Hedge Funds

5.3.7 Regulations on Private Equity and Venture Capital

5.4 Key Economic Trends and Drivers

5.4.1 EUR to USD Moving Annual Average Exchange Rate

5.4.2 Real GDP Growth

5.4.3 Per Capita GDP

5.4.4 Gross Savings Rate as a Percent of GDP

5.4.5 Domestic Market Capitalization

5.4.6 Housing Price Index

5.4.7 Commodity Index

5.4.8 Foreign Direct Investment

5.4.9 Investments of FII’s in Equity Products

5.4.10 Inflation Rate

5.4.11 Interest Rate

5.4.12 Balance of Payments

5.4.13 Government Debt

5.4.14 Stock Market Performance

5.4.15 HNWI Wealth vs. GDP Ratio

5.4.16 Capital Formation as Percent of GDP

5.4.17 Disposable Income as Percent of GDP

5.5 Case Study: Financial Regulation in the European Region

6 About WealthInsight





List of Tables

Table 1: HNWI Wealth Band and Group Definitions

Table 2: Largest Regions, 2010

Table 3: HNWIs — Volume by Wealth Band, 2007-15

Table 4: HNWIs — Wealth by Wealth Band (in US$ Billion), 2007-15

Table 5: HNWIs — Per Capita Net Worth (in US$ Million), 2007-15

Table 6: HNWIs — Volume Distribution Wealth Pyramid, 2011

Table 7: HNWIs — Wealth Distribution Wealth Pyramid, 2011

Table 8: UHNWIs — The Billionaires — Market Overview, 2007-15

Table 9: Billionaires — Cities by Wealth Growth, 2007—2011

Table 10: UHNWIs — Billionaires — Sector Breakdown, 2011

Table 11: Billionaire’s Top 20 List, 2011

Table 12: UHNWIs — Centimillionaires — Market Overview, 2007-15

Table 13: UHNWIs — The Affluent Millionaires — Market Overview, 2007-15

Table 14: Core HNWIs — Volume by Wealth Band, 2007-15

Table 15: Core HNWIs — Wealth by Wealth Band (in US$ Billion), 2007-15

Table 16: Core HNWIs — Mid Tier Millionaires — Market Overview, 2007-15

Table 17: Core HNWIs — Lower Tier Millionaires — Market Overview, 2007-15

Table 18: Largest 10 Cities in France by population

Table 19: Il-de France Departments

Table 20: Euro to USD Moving Annual Average Exchange Rate, 2006—15

Table 21: Real GDP Growth Rate, 2006—15

Table 22: GDP Per Capita, 2006—15

Table 23: Gross Savings as a % of Real GDP, 2006—2015

Table 24: Domestic Market Capitalization, 2006—10

Table 25: Housing Price Index, 2006—10

Table 26: Commodity Indices, 2006—15

Table 27: Foreign Direct Investments, 2006—2015

Table 28: Investments of FIIs in Equity Products, 2006—10

Table 29: Inflation Rate, 2006—15

Table 30: Money Market Rate, 2006—15

Table 31: Balance of Payments, 2006-10

Table 32: Government Debt to GDP, 2006—15

Table 33: Stock Market Performance, 2006—11

Table 34: HNWI Wealth vs. GDP Ratio, 2006—15

Table 35: Capital Formation as % of GDP, 2006-15

Table 36: Disposable Income as % of GDP, 2006-15







List of Figures

Figure 1: HNWI Wealth Band Definitions

Figure 2: Map of France

Figure 3: Asset Price Performance, 2007-11

Figure 4: French HNWI Performance, 2007-15

Figure 5: HNWI — France vs. the World

Figure 6: HNWIs — Growth Factor Correlation, 2007-11

Figure 7: HNWIs — Volume by Wealth Band, 2007-15

Figure 8: HNWIs — Wealth by Wealth Band (in US$ Billion), 2007-15

Figure 9: HNWIs — Per Capita Net Worth (in US$ Million), 2007-15

Figure 10: HNWIs — Volume Distribution Wealth Pyramid, 2011

Figure 11: HNWIs — Wealth Distribution Wealth Pyramid, 2011

Figure 12: HNWIs — Age Distribution, 2011

Figure 13: UHNWIs — The Billionaires — Market Overview, 2007-15

Figure 14: UHNWIs — Centimillionaires — Market Overview, 2007-15

Figure 15: UHNWIs — The Affluent Millionaires — Market Overview, 2007-15

Figure 16: Core HNWIs — Volume by Wealth Band, 2007-15

Figure 17: Core HNWIs — Wealth by Wealth Band (in US$ Billion), 2007-15

Figure 18: Core HNWIs — Mid Tier Millionaires — Market Overview, 2007-15

Figure 19: Core HNWIs — Lower Tier Millionaires — Market Overview, 2007-15

Figure 20: GBP to USD Moving Annual Average Exchange Rate, 2006—15

Figure 21: Real GDP Growth (%), 2006—15

Figure 22: GDP Per Capita, 2006—15

Figure 23: Gross Savings as a % of Real GDP, 2006—2015

Figure 24: Domestic Market Capitalization, 2006—10

Figure 25: Housing Price Index, 2006—10

Figure 26: Commodity Indices, 2006—15

Figure 27: Foreign Direct Investments, 2006—2015

Figure 28: Investments of FIIs in Equity Products, 2006—10

Figure 29: Inflation Rate, 2006—15

Figure 30: Money Market Rate, 2006-15

Figure 31: Balance of Payments, 2006-10

Figure 32: Government Debt to GDP, 2006—15

Figure 33: Stock Market Performance, 2006—11

Figure 34: HNWI Wealth vs. GDP Ratio, 2006—15

Figure 35: Capital Formation as % of GDP, 2006-15

Figure 36: Disposable Income as % of GDP, 2006-15

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