30 Sep '16, 9am

UHNW population to grow 50pc by 2020: Wealth-X

UHNW population to grow 50pc by 2020: Wealth-X

Ultra-high-net-worth individuals’ net assets saw stagnant growth in the past year, with their wealth increasing a mere 0.8 percent. According to Wealth-X’s “World Ultra Wealth Report 2015-2016 ,” the population of individuals with a net worth of at least $30 million grew only 0.6 percent into 2015 to 212,615. This flat growth is set to change, with UHNW total assets to increase at a CAGR of 9 percent through 2020, reaching $46.2 trillion. "The diversified global interests of the world’s ultra wealthy and their focus on skillful wealth preservation and management should ensure their continued strong performance," said Benjamin Kinnard, research analyst at Wealth-X. "By 2020, we expect the global UHNW population to exceed 318,000, 50% higher than in 2015, with total wealth rising 54 percent to US $46.2 trillion. "Growth drivers will include continued urbanization and rising ...

Full article: https://www.luxurydaily.com/uhnw-population-to-grow-50pc-...

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