The amount of global offshore wealth held in 2017 was around $8.2 trillion – 6% higher than in the previous year in US dollar terms (a growth rate considerably lower than that of onshore wealth).
According to the Boston Consulting Group, Switzerland is still the prime destination for offshore wealth worldwide domiciling 2.3 trillion dollars in 2017.
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However, as proximity remains a key factor in determining where investors choose to seek offshore financial services, the biggest growth was recorded in Hong Kong and Singapore due to wealth created in Mainland China.
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