Monaco | A country known for the rich and famous, with the highest GDP in the world and every 1 in 3 is a millionaire
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










Altrata World UHNW Report 2023: 395,070 UHNWs with $45.4 Trillion Wealth, 34.7 Million HNWs with $138.9 Trillion Wealth, Top 10 Most UHNW Countries United States, China, Germany, Japan, United Kingdom, Canada, Hong Kong, France, Italy, India

27th October 2023 | Hong Kong

Altrata (Wealth-X) has released the World UHNW Report 2023, providing key insights into Ultra high net worth (UHNW) population with more than $30 million net worth and total wealth of more than $45 trillion.  In 2023, there are 395,070 UHNWs representing 1.1% of HNWs with $45.4 trillion of wealth, and 34.7 million HNWs with $138.9 trillion wealth.  The UHNW population is expected to grow to 528,100 in 2027.  The current UHNW median wealth (50th Percentile) is $51 million.  Top 10 Most UHNW Countries – United States, China, Germany, Japan, United Kingdom, Canada, Hong Kong, France, Italy, India.  Top 10 Most UHNW Cities – Hong Kong, New York, London, Los Angeles, San Francisco, Chicago, Singapore, Paris, Tokyo, Tokyo.  UHNW Gender – 89.1% Male, 10.9% Female.  Global UHNW Average Age – Age 65.7.  UHNW Source of Wealth – Entrepreneurs / Self-made 72.6%, Corporate Executives 20.7%, Fully-inherited 6.7%.  Top 5 UHNW Entrepreneurs by Industry – Banking & finance, Business & consumer services, Real estate, Non-profit & social organizations, Technology 6.7%.  Top 5 UHNW Corporate Executives by Industry – Banking & finance, Business & consumer services, Real estate, Manufacturing, Technology.  Top 5  UHNW Sole Inheritors by Industry – Non-profit & social organizations, Banking & finance, Business & consumer services, Real estate, Food & beverages.  Asset Allocation by UHNWs Entrepreneurs – Public holdings 28.7%, Private holdings 31.7%, Real estate & luxury assets 3.4%, Liquid assets (cash, income & dividends) 36.2%.  Asset Allocation by UHNW Corporate Executives – Public holdings 19.3%, Private holdings 39%, Real estate & luxury assets 2.6%, Liquid assets (cash, income & dividends) 39.2%.  Asset Allocation by UHNW sole inheritors – Public holdings 26.3%, Private holdings 35.6%, Real estate & luxury assets 4.7%, Liquid assets (cash, income & dividends) 33.5%.  UHNW Plane / Jet – Entrepreneurs 25%, Corporate Executives 62%, Sole Inheritors 7%, Other UHNWs 6%.  UHNW Yacht – Entrepreneurs 40%, Corporate Executives 45%, Sole Inheritors 5%, Other UHNWs 10%.  Top 8 UHNW Interests, Passions & Hobbies by Entrepreneurs – Philanthropy, Sports, Technology, Public speaking, The outdoors, Education, Travel, Writing.  Top 8 UHNW Interests, Passions & Hobbies by Corporate Executives – Philanthropy, Sports, The outdoors, Public speaking, Education, Aviation, Technology, Travel.  Top 8 UHNW Interests, Passions & Hobbies by Sole Inheritors – Philanthropy, Sports, The outdoors, Art, Education, Travel, Aviation, Technology.  See below for key findings & summary | View report here

“ 395,070 UHNWs with $45.4 Trillion Wealth, 34.7 Million HNWs with $138.9 Trillion Wealth, Top 10 Most UHNW Countries United States, China, Germany, Japan, United Kingdom, Canada, Hong Kong, France, Italy, India “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day | 28/2 HK & 6/3 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 28th February 2024 in Hong Kong, 6th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
20th March / 3rd April HK & 3rd / 10th April SG

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

Altrata World UHNW Report 2023

Monaco | A country known for the rich and famous, with the highest GDP in the world and every 1 in 3 is a millionaire

Altrata (Wealth-X) has released the World UHNW Report 2023, providing key insights into Ultra high net worth (UHNW) population with more than $30 million net worth and total wealth of more than $45 trillion.

 

UHNW Summary:

  1. UHNW Population (> $30 million)395,070 
  2. North America UHNW Population – 142,990 (36.2%)
  3. Europe UHNW Population – 100,850 (25.5%)
  4. Asia UHNW Population108,370 (27.4%)
  5. 2027 UHNW Population Forecast – 528,100
  6. UHNW Median Wealth (50th Percentile)$51 million 
  7. UHNW Wealth – $45.4 trillion
  8. Top 10 Most UHNW Countries – United States, China, Germany, Japan, United Kingdom, Canada, Hong Kong, France, Italy, India
  9. Top 10 Most UHNW Cities – Hong Kong, New York, London, Los Angeles, San Francisco, Chicago, Singapore, Paris, Tokyo, Tokyo
  10. UHNW Gender – 89.1% Male, 10.9% Female
  11. Global UHNW Average Age – Age 65.7
  12. UHNW Source of Wealth – Entrepreneurs / Self-made 72.6%, Corporate Executives 20.7%, Fully-inherited 6.7% 
  13. Top 5 UHNW Entrepreneurs by Industry – Banking & finance, Business & consumer services, Real estate, Non-profit & social organizations, Technology
  14. Top 5 UHNW Corporate Executives by Industry – Banking & finance, Business & consumer services, Real estate, Manufacturing, Technology
  15. Top 5  UHNW Sole Inheritors by Industry – Non-profit & social organizations, Banking & finance, Business & consumer services, Real estate, Food & beverages
  16. Asset Allocation by UHNWs Entrepreneurs – Public holdings 28.7%, Private holdings 31.7%, Real estate & luxury assets 3.4%, Liquid assets (cash, income & dividends) 36.2%
  17. Asset Allocation by UHNW Corporate Executives – Public holdings 19.3%, Private holdings 39%, Real estate & luxury assets 2.6%, Liquid assets (cash, income & dividends) 39.2%
  18. Asset Allocation by UHNW sole inheritors – Public holdings 26.3%, Private holdings 35.6%, Real estate & luxury assets 4.7%, Liquid assets (cash, income & dividends) 33.5%
  19. UHNW Plane / Jet – Entrepreneurs 25%, Corporate Executives 62%, Sole Inheritors 7%, Other UHNWs 6%
  20. UHNW Yacht – Entrepreneurs 40%, Corporate Executives 45%, Sole Inheritors 5%, Other UHNWs 10%
  21. UHNW Art Collection (> $5 million value) – Entrepreneurs 42%, Corporate Executives 38%, Sole Inheritors 8%, Other UHNWs 12%
  22. UHNW Cars & Vehicles (>$200,000 value) – Entrepreneurs 31%, Corporate Executives 48%, Sole Inheritors 6%, Other UHNWs 15%
  23. Top 8 UHNW Interests, Passions & Hobbies by Entrepreneurs – Philanthropy, Sports, Technology, Public speaking, The outdoors, Education, Travel, Writing
  24. Top 8 UHNW Interests, Passions & Hobbies by Corporate Executives – Philanthropy, Sports, The outdoors, Public speaking, Education, Aviation, Technology, Travel
  25. Top 8 UHNW Interests, Passions & Hobbies by Sole Inheritors – Philanthropy, Sports, The outdoors, Art, Education, Travel, Aviation, Technology

HNW Population & Wealth:

  1. Total HNWs34.7 million
  2. More than $30 million – 395,070 (1.1% of HNWs)
  3. $5 million to $30 million – 3.64 million (10.5%)
  4. $1 million to $5 million – 30.6 million (88.3%)
  5. Total HNW Wealth – $138.9 trillion

 

Altrata World UHNW Report 2023

1) 2022 Global Indicators:

  • 2022 GDP Growth: +3.4%
  • Advanced Economies: +7.3%
  • Emerging & Developed Economies: +9.8%
  • MSCI World Equity Index (USD): -18%
  • Oil Price (USD / Barrel): +39%
  • IPO Transactions: -57%
  • IPO Capital Raised: -72%

 

2) UHNW Population & Wealth

UHNW Population Growth:

  • 2004 – 157,000
  • 2015 – 276,640
  • 2023395,070 
  • 2027 Forecast – 528,100
  • UHNW Median Wealth (50th Percentile) – $51 million 

2022 UHNW Population by Region:

  • Global – 395,070 (-5.4%)
  • North America – 142,990 (-4%)
  • Latin American & Caribbean – 11,560 (+17.5%)
  • Europe – 100,850 (-7.1%)
  • Middle East – 21,640 (+15.7%)
  • Africa – 3,020 (-4.4%)
  • Asia – 108,370 (-10.9%)
  • Pacific – 6,640 (-4.6%)

2022 UHNW Population % of World:

  • North America – 36.2%
  • Latin American & Caribbean – 2.9%
  • Europe – 25.5%
  • Middle East – 5.5%
  • Africa – 0.8%
  • Asia – 27.4%
  • Pacific – 1.7%

2022 UHNW Wealth Distribution by Region:

  1. Global – $45.4 trillion
  2. North America – $16.4 trillion
  3. Latin American & Caribbean – $1.4 trillion
  4. Europe – $11.7 trillion
  5. Middle East – $2.7 trillion
  6. Africa – $360 billion
  7. Asia – $12.1 trillion
  8. Pacific – $599 billion

2022 UHNW Wealth Distribution (%):

  1. North America – 36.3%
  2. Latin American & Caribbean – 3.2%
  3. Europe – 25.8%
  4. Middle East – 5.9%
  5. Africa – 0.8%
  6. Asia – 26.7%
  7. Pacific – 1.3%

 

3) HNW Population & Wealth

HNW Population by Segment:

  • More than $30 million – 395,070 (1.1% of HNWs)
  • $5 million to $30 million – 3.64 million (10.5%)
  • $1 million to $5 million – 30.6 million (88.3%)
  • Total HNWs – 34.7 million

HNW Wealth by Segment:

  • More than $30 million – $45.4 trillion (32.6% of UHNW wealth)
  • $5 million to $30 million – $36.2 trillion (26%)
  • $1 million to $5 million – $57.3 trillion (41.2%)
  • Total HNW Wealth – $138.9 trillion

 

4) UHNW by Countries & Cities

Top 10 UHNW Countries:

  1. United States – 129,665 UHNWs
  2. China – 47,190 
  3. Germany – 19,590 
  4. Japan – 14,940 
  5. United Kingdom – 14,005 
  6. Canada – 13,320 
  7. Hong Kong – 12,615 
  8. France – 11,980 
  9. Italy – 8,930 
  10. India – 8,880 

Top 10 UHNW Countries (Population Change):

  1. United States: -4.3%
  2. China: -7.1%
  3. Germany: -9.3%
  4. Japan: -21.9% 
  5. United Kingdom: -9.2% 
  6. Canada: -1.3%
  7. Hong Kong: -23%
  8. France: -11.9%
  9. Italy: -7.8%
  10. India: -3.2%

Top 10 Most UHNW Countries by Wealth:

  1. United States – $15 trillion
  2. China – $5.3 trillion
  3. Germany – $2.3 trillion
  4. Hong Kong – $1.5 trillion
  5. United Kingdom – $1.4 trillion
  6. Japan – $1.4 trillion
  7. Canada – $1.4 trillion
  8. France – $1.2 trillion
  9. India – $1.1 trillion
  10. Italy – $987 billion

Top 10 Most UHNW Cities:

  1. Hong Kong – 12,615 
  2. New York – 11,845 
  3. London – 6,370 
  4. Los Angeles – 6,205 
  5. San Francisco – 4,385 
  6. Chicago – 4,235 
  7. Singapore – 4,160 
  8. Paris – 3,995 
  9. Tokyo – 3,710 
  10. Tokyo – 3,465 

UHNWs in New York City (5 Boroughs):

  1. Manhattan – 3,030
  2. Queens – 450
  3. Brooklyn – 430
  4. Bronx – 200
  5. Staten Island – 70

 

5) UHNW Demographics

UHNW Profiles:

  • Entrepreneurs (Eg. Elon Musk, Jack Ma)
  • Corporate Executives (Satya Nadella, Chairman & CEO of Microsoft)
  • Inheritances (Eg. Alice Walton, shareholder of Walmart)

UHNW Gender:

  • Entrepreneurs – 91.2% Male, 8.8% Female
  • Corporate Executives – 92.4% Male, 7.6% Female
  • Inheritances – 60.8% Male, 39.2% Female
  • Global UHNWs – 89.1% Male, 10.9% Female

UHNW Median Wealth (50th Percentile):

  • Entrepreneurs – $77.7 million
  • Corporate Executives – $40.9 million
  • Inheritances – $52.4 million
  • UHNW Median Wealth (50th Percentile) – $51 million

UHNW Average Age:

  • North America – Age 67.1
  • Europe – Age 63.8
  • Asia – Age 62.6
  • Global UHNW – Age 65.7

UHNW Source of Wealth: 

  1. Entrepreneurs / Self-made – 72.6% 
  2. Corporate Executives – 20.7%
  3. Fully-inherited – 6.7% 

UHNW Entrepreneurs by Industry: 

  1. Banking & finance – 25.3%
  2. Business & consumer services – 13.1%
  3. Real estate – 6.6%
  4. Non-profit & social organizations – 7.2%
  5. Technology – 6.7%
  6. Hospitality & entertainment – 6.1%
  7. Healthcare – 5.1%
  8. Food & beverages – 3.7%

UHNW Corporate Executives by Industry: 

  1. Banking & finance – 25.5%
  2. Business & consumer services – 11.5%
  3. Real estate – 7.5%
  4. Manufacturing – 5.6%
  5. Technology – 4.8%
  6. Industrial conglomerates – 3.7%
  7. Food & beverages – 4.5%
  8. Healthcare – 4.7%

UHNW Sole Inheritors by Industry:

  1. Non-profit & social organizations – 22.1%
  2. Banking & finance – 12%
  3. Business & consumer services – 10.4%
  4. Real estate – 7.4%
  5. Food & beverages – 5.6%
  6. Manufacturing – 6.7%
  7. Industrial conglomerates – 4.7%
  8. Hospitality & entertainment – 4.7%

 

6) UHNW Asset Allocation

Asset Allocation by UHNWs Entrepreneurs:

  • Public holdings – 28.7%
  • Private holdings – 31.7%
  • Real estate & luxury assets – 3.4%
  • Liquid assets (cash, income & dividends) – 36.2%

Asset Allocation by UHNW Corporate Executives:

  • Public holdings – 19.3%
  • Private holdings – 39%
  • Real estate & luxury assets – 2.6%
  • Liquid assets (cash, income & dividends) – 39.2%

Asset Allocation by UHNW Sole Inheritors:

  • Public holdings – 26.3%
  • Private holdings – 35.6%
  • Real estate & luxury assets – 4.7%
  • Liquid assets (cash, income & dividends) – 33.5%

 

7) UHNW Luxury Ownership, Interests

Plane / Jet:

  • Entrepreneurs – 25%
  • Corporate Executives – 62%
  • Sole Inheritors – 7%
  • Other UHNWs – 6%

Yacht:

  • Entrepreneurs – 40%
  • Corporate Executives – 45%
  • Sole Inheritors – 5%
  • Other UHNWs – 10%

Art Collection (> $5 million value):

  • Entrepreneurs – 42%
  • Corporate Executives – 38%
  • Sole Inheritors – 8%
  • Other UHNWs – 12%

Cars & Vehicles (>$200,000 value):

  • Entrepreneurs – 31%
  • Corporate Executives – 48%
  • Sole Inheritors – 6%
  • Other UHNWs – 15%

Top 8 UHNW Interests, Passions & Hobbies – Entrepreneurs:

  1. Philanthropy – 40.2%
  2. Sports – 36.8%
  3. Technology – 21.7%
  4. Public speaking – 19.8%
  5. The outdoors – 17.2%
  6. Education – 16.7%
  7. Travel – 15.5%
  8. Writing – 14.7%

Top 8 UHNW Interests, Passions & Hobbies – Corporate Executives:

  1. Philanthropy – 34.1%
  2. Sports – 32.3%
  3. The outdoors – 18.2%
  4. Public speaking – 18.2%
  5. Education – 15.6%
  6. Aviation – 15%
  7. Technology – 15%
  8. Travel – 12.8%

Top 8 UHNW Interests, Passions & Hobbies – Sole Inheritors:

  1. Philanthropy – 52.8%
  2. Sports – 29.2%
  3. The outdoors – 21.1%
  4. Art – 20.5%
  5. Education – 17%
  6. Travel – 14%
  7. Aviation – 13.6%
  8. Technology – 11.5%

 

8) Connections of United States Universities Deans & Vice-Deans to UHNWs:

  • Direct Connections – 51 UHNWs on average
  • 2nd-Degree Connections – 2017 UHNWs on average

 

 

Altrata World UHNW Report 2023

The latest edition of the World Ultra Wealth Report – the second to be published by Altrata and the 11th powered by Wealth-X data – provides unique and detailed analysis of the global ultra high net worth (UHNW) population. This exclusive group of wealthy individuals, each with a net worth in excess of $30m, has grown steadily in size and influence over the past decade to now hold immense collective wealth of more than $45trn. 

  • Ultra high net worth (UHNW) individuals (Ultra wealth) – More than $30 million + net worth
  • Very high net worth (VHNW) individuals – $5 million to $30 million net worth



Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleChina Property Giant Country Garden Defaults on USD Bond Interest of $15.4 Million after Missing 30-Day Grace Period for 17th September 2023 Coupon, Trustee Needs to Declare Principal & Interest Due Immediately Should More than 25% of Bondholders Demand for Payment, Credit Derivatives Determinations Committees Declared Missed Payment a Credit Event & Triggering Credit Default Swaps Payout
    Next articleSingapore OCBC Bank Launches Generative AI Chatbot to All 30,000 Employees Globally in November 2023 to Assist in Writing, Research & Ideation after 6 Months of Trial with 1,000 OCBC Staff, Trial Participants Reported 50% Less Time Spent on Task Completion using AI Chatbot
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia