Qatar’s net wealth reached a record high of $765 billion in 2024, reinforcing the country’s position as one of the region’s most resilient and sophisticated wealth markets. According to The Global Wealth Report 2025: Rethinking the Rules for Growth by Boston Consulting Group, Qatar’s total financial wealth rose by 4.1% year-on-year, increasing from $408bn in 2023 to $424bn in 2024.
While financial assets continued to expand, real assets declined by 6% in 2024, falling to $394bn, reflecting broader global recalibrations in real estate and non-liquid holdings. However, the outlook remains positive, with real assets projected to rebound to $434bn by 2029. Meanwhile, liabilities edged up modestly by 1.8%, rising from $52bn to $53bn, indicating a stable leverage environment.
Investable Wealth Set for Strong Expansion
One of the most significant findings of the report is the growth trajectory of investable wealth, which is forecast to increase from $324bn in 2024 to $409bn by 2029, representing a robust compound annual growth rate (CAGR) of 4.8%. Non-investable wealth is expected to grow at a more measured 3% CAGR, yet continues to demonstrate consistent momentum across the forecast period.
This evolution highlights a maturing wealth landscape in Qatar, where liquidity, portfolio optimisation, and professional wealth management are playing an increasingly central role.
From Market-Led to Capability-Led Growth
While wealth continues to rise, the report emphasises that the drivers of growth are fundamentally changing. Historically, firms have relied heavily on favourable market performance, mergers and acquisitions, and aggressive advisor hiring to expand assets under management. However, these levers alone are no longer sufficient.
The emerging constraint for many wealth management firms is not market opportunity—but their internal ability to capture and sustain growth. Firms that are gaining traction are those investing decisively in organisational capabilities rather than external expansion alone.
Building Internal Engines for Organic Growth
According to the report, organic growth is moving to the centre of the performance agenda. Leading firms are differentiating themselves by focusing on four high-impact internal levers:
- Sharper market positioning and brand clarity
- More deliberate and data-driven client acquisition strategies
- Stronger advisor enablement and professional development
- Earlier and more relevant engagement with next-generation clients
Technology is playing a pivotal role in enabling these shifts—allowing firms to scale advice models, personalise client journeys, and improve productivity across advisory teams.
Leadership Insight: A More Sophisticated Wealth Market
Commenting on the findings, Lukasz Rey, Managing Director and Partner at Boston Consulting Group, noted that Qatar’s wealth sector has reached a new level of maturity.
He emphasised that success today is no longer defined by market exposure alone, but by the ability to generate sustainable internal growth. Firms that invest in advisor development, strengthen their market identity, and adopt next-generation client strategies are outperforming peers—not only in revenue growth, but also in achieving higher valuation multiples.
Strategic Implications for Qatar’s Wealth Industry
As Qatar continues to expand its financial ecosystem in line with national economic diversification goals, the findings signal a clear message for wealth managers, private banks, and financial institutions: future leadership will be defined by capability, not scale alone.
With investable wealth accelerating and client expectations evolving, firms that successfully re-engineer their growth models will be best positioned to capitalise on Qatar’s next phase of wealth creation.
