Key wealth themes for 2023
THE 2022 WEALTH RETREAT … AND THE 2023 REBOUND?
10% drop, US in line with global average 69% positive for 2023
31% capital appreciation – rebuild wealth after 2022 23% income gen – NY 48% rental growth from 2020 low
Institutional -28% Private -8%, US dominates – 50% of all private investment
Real estate performance
NEW YORK 2.7% LA 7.9% HAMPTONS 12.7%
1955 300sl Mercedes $140m
71% of US UHNWIs to purchase art in 2023, followed by classic cars (43%) and Wine (43%)
Future demand…
15% of UHNWIs to buy in 2023
US own 3 homes
15% is down from 17% in 2022
The big one: US top destination for global buyers this year
