About The Wealth Report 2016
Key Highlights and Takeaways
This world-renowned annual report, produced by the inimitable Knight Frank Research Team, is based on a survey of 600 wealth managers around the world and focuses on the current landscape for Ultra High Net Worth Individuals (UHNWIs).
Key Themes and Interesting Facts from The Wealth Report
I compiled a quick recap of some of the central themes and notable stats found in The Wealth Report, which will provide a greater sense of the influence that UHNWIs have around the world and can also serve as potential conversation starters with clients.
Terms to Know:
Millionaire: Anyone who has a net worth of a minimum of $1 Million
Multi-Millionaire/High Net Worth Individual: $10 Million – $30 Million
Ultra High Net Worth Individual (UHNWI): $30 Million+
#1 Wealth Creation
There has been enormous wealth creation over the past decade, particularly in emerging markets.
There are more than 13 million millionaires across the globe, a 50% increase from 2005.
These 13 million hold net assets worth $66 Trillion, more than the value of all global equities.
By 2025, there will be 18 million millionaires and 263,500 UHNWIs globally—that’s 80,000 more UHNWIs who will account for $8 Trillion of wealth in the world.
However, The Wealth Report predicts a much slower rate of growth for the next ten years (41%) for the number of people achieving ultra-high net worth status, compared to a 61% increase seen in the previous decade.
The number of billionaires in Asia is expected to rise to 832 over the next decade—which will make it nearly equal to the US number of 840. Europe is expected to have 569 billionaires by 2025.
Almost 70% of the UHNWIs surveyed for The Wealth Report say they are more conscious about public displays of wealth.
Watch The Wealth Report 2016 North American launch here (password: elliman).
Download the report, 2016 The Wealth Report, HNWI
If you have any questions related to The Wealth Report, please send me an email at email@example.com and I will be sure to answer you.
I’m always happy to hear from my clients.