Between 2007 and 2012 the number of UHNWIs in Mexico increased by 19% from 2,129 to 2,540.
There was a wide range of performance between the different UHNWI wealth bands as the number of billionaires increased by 14%, while the number of centimillionaires and affluent millionaires rose by 24% and 19% respectively. This falls in line with the fact that, with a total combined wealth of US$364 billion, Mexican UHNWIs held 49% of the total wealth of the country’s HNWIs, well above the worldwide average of 30%. Between 2008 and 2012, UHNWI wealth increased by 43%, compared to the 32% rise experienced by core HNWIs. This strong growth was fuelled by a 68% rise in billionaire wealth.
Manufacturing is the most important industry from which Mexican UHNWIs acquired their wealth; it was the primary source of wealth for 17.4% of local UHNWIs. Other important industries include financial services (14.7% of UHNWIs) and diversified (9.1% of UHNWIs). As well as this, the fastest growing sectors between 2008 and 2012 were basic materials, retail and transport & logistics.
Unsurprisingly, Mexico City is the largest city for Mexican UHNWIs, accounting for 43% of total UHNWIs with just over 1,088 individuals. As well as this, there are sizable UHNWI populations in Monterrey (208 UHNWIs) and Guadalajara (129 UHNWIS).
It has been estimated that, at the end of 2012, Mexican local private banking assets under management (AuM) totaled just over US$190 billion. The top five banks by local AuM are Banorte, Banamex (Citigroup), BBVA Bancomer, Santander and Scotiabank. Interestingly, the number of wealth management offices per UHNWI in Monterrey and Guadalajara is relatively low. This shows that there is scope for more wealth managers to set up business in these two cities.
Reasons to buy
• Understand the figures surrounding individual wealth in Mexico.
• Identify the trends in HNWI wealth including information on Billionaires, Centimillionaires, Affluent Millionaires and Core HNWIs.
• Understand the distribution and volume of the different types of HNWIs and UHNWIs within Mexico.
• Receive an analysis of Mexican HNWI investments and a review of the competitive landscape within the wealth sector.
Table of Contents
1.1 Details of this Report
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Benchmarking Mexico Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in Mexico
3.4 HNWI Volume and Wealth Trends
4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the Wealth bands
4.1.3 Demographic breakdown of HNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs – job titles
4.2.5 UHNWIs – industry breakdown
4.2.6 UHNWIs – breakdown by city
4.2.7 UHNWIs – city population densities
4.2.8 UHNWIs – smaller cities
4.2.1 UHNWIs – affluent suburbs
4.3 UHNWIs – Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 Billionaire demographics
4.3.5 List of billionaires
4.4 UHNWIs – Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire per capita net worth trend analysis
4.5 UHNWIs – Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
5 Analysis of Mexican UHNWI Investments
6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Private banks
6.1.2 Wealth managers
6.2 Family Offices
6.2.1 Offshore wealth
6.2.2 Saturation by city
6.3 Wealth Management Industry – Clientele Model and Maturity
6.4 Behavioral Mapping of Wealth Management and Private Banking Industry in Mexico
6.5 Pension Fund Industry
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