24 Mar 2021
The Wealth Report 2020: Insight 3 of 6
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
You may recall that according to The Wealth Report you meet the definition of an Ultra-High Net Worth Individual (UHNWI) once you have over US$30m (AU$39m) in assets including your primary residence.
Interestingly, 80% of UHNWI cite the ongoing disruption by the COVID-19 pandemic as their biggest worry when it comes to wealth creation while 87% of UHNWI see new investment opportunities in the post-pandemic world.
This is classic, is the glass half empty or half full and should come as no surprise because every crisis creates opportunities for those individuals that do not panic or freeze.
Click for charts.
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