17 Oct 2019
The Wealth Report 2019: Ultra-High Net Worth
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The numbers are spectacular.
You will meet the definition of Ultra-High Net Worth (UHNW) if you have over US$30m (AU$44m) in assets excluding your primary residence and Australia has and estimated 3,062 such individuals.
The United States has the most with an estimated 51,912.
Alternatively, you will meet the definition of High Net Worth (HNW) if you have over US$1m (AU$1.5m) in assets excluding your primary residence and globally we are about to reach 20 million such individuals for the first time.
Click for chart.
20 million is truly rarefied air when you consider that our planet hosts 7.53 billion people.
Click for The Wealth Report 2019.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.
