2026财富报告（英）

DEFINITIONS AND DATA Welcome 20TH EDITION EDITORLiam Bailey High-net-worth individual – someone with a net worthof US$1 million or more. MANAGING EDITORSunny Creative UHNWIUltra-high-net-worth individual – someone with a networth of US$30 million or more. This year’s edition ofThe Wealth Reportrevealshow private capital isadapting to a fracturedgeopolitical landscape, seeking transformation economy is redefining luxuryfor a younger generation that prioritises MARKETINGElla Stranis-Oppler PRIME PROPERTY Accessing exceptional propertyopportunities in uncertain markets is thechallenge our clients are seeking to meet.Our Private Office network operates fromLondon, Dubai, Singapore, Mumbai, Sydney PUBLIC RELATIONSAstrid Recaldin The most desirable and most expensive property ina given location, generally defined as the top 5% ofeach market by value. Prime markets often have a A key theme toemerge from thisyear’s report isthe relentless rise DESIGN & DIRECTIONQuiddity Media THE PIRI 100 Now in its 20th year, the Knight Frank PrimeInternational Residential Index tracks movementsin luxury prices across the world’s top residentialmarkets. The index, compiled using data from ourresearch teams around the world, covers major FRONT COVER &SECTION DIVIDERS Please do get in touch. The Private Office,together with the wider Knight Frank network, EDITORIAL ILLUSTRATIONSSimone Massoni Benoit Aupoix’s illustration distils the visionofThe Wealth Report, spanning assets, ideasand time. His distinctive style – rich in detailand shaped by unexpected perspectives –draws the viewer in, creating a feeling ofimmersion. The visual language reflects not PRINTOptichrome It is my pleasure to introduce the 20th edition THE KNIGHT FRANK WEALTH SIZING MODELThe model, created by our Data Science team,measures the size of wealth cohorts globally. RORY PENNHEAD OF LONDON RESIDENTIAL SALES AND CHAIR OF PRIVATE OFFICE In last year’s report, we highlighted theresilience of private capital amid shiftinginterest rates. This year, even as the globaleconomy adjusts to renewed geopoliticaluncertainty, we report on the continuedcreation of wealth, anchored firmly by the US, ALL KNIGHT FRANKCONTACTSfirstname.familyname@knightfrank.com Despite this momentum, the year aheadpresents complex challenges. The Iran war hasunsettled financial markets, feeding through to In this year’s edition, our exclusive2026 Family Office Survey, drawing oninterviews across major global hubs, providesclear evidence of evolving investmentstrategies. Driven by a desire for agility andlong‑term performance, private investors are This year,The Wealth Reportmarks its 20thanniversary. Since our first edition in 2007, wehave made a series of “big calls” on the outlookfor wealth, property, luxury and investment. Inthis edition, in our pink pages, we revisit those FIND OUT MORE No part of this publication shall be reproduced, stored in a retrieval system, ortransmitted in any form or by any means, electronic, mechanical, photocopying,recording or otherwise, without prior written permission from Knight Frank forthe same, including, in the case of reproduction, prior written approval of KnightFrank to the specific form and content within which it appears. Important notice© 2026. All rights reserved. Knight Frank Researchprovides a range ofmarket‑leading insightsthrough the yearcovering all major globalreal estate sectors andmarkets. To get thebest of Knight Frankstraight to your inbox, A key theme to emerge from this year’sreport is the relentless rise in the mobility ofboth capital and people. We explore how tax,risk, investment and lifestyle‑driven moves This publication is produced for general outline information only, it is notdefinitive and it is not to be relied upon in any way. Although we believe thathigh standards have been used in the preparation of the information, analysisand views presented, no responsibility or liability whatsoever can be acceptedby Knight Frank for any errors or loss or damage resultant from the use of or Knight Frank LLP is a member of an international network of independentfirms which may use the “Knight Frank” name and/or logos as all or part oftheir business names. No “Knight Frank” entity acts as agent for, or has anyauthority to represent, bind or obligate in any way, any other “Knight Frank” entity.This publication is compiled from information contributed by various sourcesincluding Knight Frank LLP, its direct UK subsidiaries and a network of separateand independent overseas entities or practices offering property services.Together these are generally known as “the Knight Frank global network”. Eachentity or practice in the Knight Frank global network is a distinct and separatelegal entity. Its ownership and management is distinct from that of any other We also examine changing luxury consumerrequirements and their implications forproperty owners and investors. Alongside this, In preparing this publication,