High Net Worth Trends in Turkey 2013

Published: Feb, 2013 | Pages: 79 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)


Synopsis
 This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in Turkey.
 The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's HNWIs have performed through the crisis.
Summary
This report provides projections of the volume and wealth of Turkish HNWIs. This includes demographic trends (2007-2012) and findings of the proprietary WealthInsight HNWI Database.
Scope
 Independent market sizing of Turkish HNWIs across five wealth bands
 HNWI volume and wealth trends from 2007 to 2012
 HNWI volume and wealth forecasts to 2017
 Number of UHNWIs in all major cities
 Fastest growing cities for UHNWIs (2007-2012)
 Insights into the drivers of HNWI wealth
Reason 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 profiles on major private banks, wealth managers and family offices in each country. 
 The WealthInsight Intelligence Center Database also includes up to one hundred data-points on over 100,000 HNWIs from around the world. 
 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. 
 Report includes comprehensive forecasts to 2017.
 Also provides detailed information on UHNWIs in each major city.
Key Highlights
 There were just over 94,000 HNWIs in Turkey in 2012. These HNWIs held US$500 billion in wealth, which equates to 43% of total individual wealth held in the country. 
 Turkish HNWIs outperformed the worldwide HNWI average during the review period - worldwide HNWI volumes decreased by 0.3% whilst Turkish HNWI numbers rose by 7.4%.
 In 2012, Turkish HNWI numbers rose by 23.2%, following a drop of 6.1% in 2011.
 Growth in HNWI wealth and volumes are expected to improve over the forecast period. The total number of Turkish HNWIs is forecast to grow by 58%, to reach over 148,000 in 2017. HNWI wealth will see a smaller percentage increase, growing by 48% to reach US$738 billion by 2017.

 1 Introduction 
1.1 Details of this Report 
1.2 Definitions 
2 Executive Summary 
3 Wealth Sector Fundamentals 
3.1 Political Background 
3.2 Economic Background 
3.3 Benchmarking Turkish Wealth in Context 
3.3.1 World statistics 
3.3.2 Distribution of wealth in Turkey 
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 UHNWIs 
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 - industry performance 
4.2.7 UHNWI breakdown by city 
4.2.8 UHNWIs - city performance 
4.2.9 UHNWIs - Istanbul Suburbs 
4.2.10 UHNWIs - population densities 
4.2.11 UHNWIs - city forecasts 
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 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 
4.6 Core HNWIs 
4.6.1 Core HNWI volume trend analysis 
4.7 Core HNWIs - Mid-Tier Millionaires 
4.7.1 Mid-tier millionaire volume trend analysis 
4.7.2 Mid-tier millionaire wealth trend analysis 
4.7.3 Mid-tier millionaire per capita net worth trend analysis 
4.8 Core HNWIs - Lower-Tier Millionaires 
4.8.1 Lower-tier millionaire volume trend analysis 
4.8.2 Lower-tier millionaire wealth trend analysis 
4.8.3 Lower-tier millionaire per capita net worth trend analysis 
5 Appendix 
5.1 Additional Components of the Wealth Sector in Turkey 
5.1.1 Philanthropy 
5.1.2 Demand for intergenerational wealth transfer 
5.2 Regulatory environment in Turkey 
5.2.1 Regulations on taxes 
5.3 Key Drivers 
5.3.1 LC to US$ exchange rate 
5.3.2 Real GDP growth 
5.3.3 Per capita GDP 
5.3.4 Domestic market capitalization 
5.3.5 Housing price index 
5.3.6 Commodity index 
5.3.7 Foreign direct investment 
5.3.8 Inflation rate 
5.3.9 Interest rate 
5.3.10 Balance of payments 
5.3.11 Government debt 
5.3.12 Stock market performance 
5.4 Wealth Breakdowns 
6 About WealthInsight

Table 1: HNWI Wealth Band and Group Definitions 
Table 2: The largest 10 cities by population, 2011 
Table 3: TURKEY: Data Summary 
Table 4: TURKEY - Forecast Summary 
Table 5: TURKEY: HNWIs - Volume Distribution Wealth Pyramid, 2012 
Table 6: TURKEY: HNWIs - Wealth Distribution Wealth Pyramid (% share), 2012 
Table 7: TURKEY: UHNWI Gender Performance, 2007-2012 
Table 8: TURKEY: Sources of UHNWI Wealth (%), 2012
Table 9: TURKEY: UHNWI Cities, 2012 
Table 10: TURKEY: UHNWIs in Top Cities, 2007-2012 
Table 11: TURKEY: Suburbs of Istanbul, 2007-2012 
Table 12: TURKEY: UHNWI Population Density in Major Cities, 2012 
Table 13: TURKEY: Top UHNWI Cities, 2007-2017 
Table 14: TURKEY: UHNWI Growth Rates for Top Cities, 2007-2017 
Table 15: TURKEY: Billionaires - Market Overview (US$ Billion) 2007-2017 
Table 16: TURKEY: Top 10 Billionaires, 2012 
Table 17: TURKEY: Billionaire Wealth Growth, 2007?2012 
Table 18: TURKEY: Centimillionaires - Market Overview, 2007-2017 
Table 19: TURKEY: Affluent Millionaires - Market Overview, 2007-2017 
Table 20: TURKEY: Mid-Tier Millionaires - Market Overview, 2007-2017 
Table 21: TURKEY: Lower-Tier Millionaires - Market Overview, 2007-2017 
Table 22: TURKEY: Income Tax Structure for Individuals in Turkey, 2012 
Table 23: TURKEY: Free Zones, 2012 
Table 24: TURKEY: TRY to US$ Exchange Rate, 2007-2017 
Table 25: TURKEY: Real GDP Growth, 2007-2017 
Table 26: TURKEY: GDP Per Capita, 2007-2017 
Table 27: TURKEY: Domestic Market Capitalization (US$ Billion) 2007-2011 
Table 28: TURKEY: Housing Price Index, 2007-2012 
Table 29: TURKEY: Commodity Indices, 2007-2017 
Table 30: TURKEY: Foreign Direct Investments (US$ Billions) 2007-2017 
Table 31: TURKEY: Inflation Rate, 2007-2017 
Table 32: TURKEY: Money Market Rate, 2007-2017 
Table 33: TURKEY: Balance of Payments (US$ Billion) 2007-2012 
Table 34: TURKEY: Government Debt to GDP, 2007-2017 
Table 35: TURKEY: Stock Market Performance, 2007-2012 
Table 36: TURKEY: HNWI Wealth vs GDP Ratio, 2007-2017 
Table 37: TURKEY: Appendix One 
Table 38: TURKEY: Appendix Two