The ultra-high net worth individuals

More than 31,000 people joined the ranks of the “ultra-wealthy” last year as the fortunes of the already very rich benefitted from rising global stock markets and increased property prices.

The number of ultra-high net worth individuals (UHNWIs) – those with assets of more than $30m – rose by 6% last year to 513,244. That means there are more ultra-wealthy people around the world than the populations of Iceland, Malta or Belize.  Almost half of the UHNWIs were in the US (where there are 240,000 people with more than $30m) the countries with the fastest-growing numbers of ultra-wealthy are in Asia and Africa. The UK’s UHNWI population increased to 14,400, putting the UK in sixth-place behind the US, China (61,600), Germany (23,000), France (18,800) and Japan (17,000).

The UHNWI population is expected to swell by a further 27% to 650,000 by 2024, the report estimates, as huge fortunes are being made in India, Egypt, Vietnam, China and Indonesia. The UHNWI population in India is expected to increase by 73% over the next five years, from 6,000 in 2019.

There are now 50m dollar millionaires, up from 46.9m in 2019. That’s more than the population of Spain.

https://www.theguardian.com/news/2020/mar/04/the-super-rich-another-31000-people-join-the-ultra-wealthy-elite