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About Wealth-X 22. WEALTH-X. EXECUTIVE SUMMARY. THE VERY HIGH NET WORTH (VHNW) POPULATION - THOSE WITH A NET WORTH OF $5M TO $30M - EXPANDED STRONGLY IN 2019, RISING BY OVER 10% TO 2.7M INDIVIDUALS. This was a sharp acceleration in growth from just 1% in 2018. The combined net worth of VHNW individuals also increased by over 10%, to $26.6trn.
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the emergence of the high net worth individual and mass affluent. 1.2 There are now accepted definitions of the rich based upon the value of their liquid, investable assets: the Mass Affluent (MA) (US$100K to $1million), High Net Worth Individual (HNWI) (>US$1million), Very High Net Worth Individual (VHNWI) (>US$5 million) and Ultra-High Net Worth
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What is a very high net worth (vhnw)?
What is a high net worth market?
What is a 'rich' based on?
What is a high net worth household?
- VERY HIGH NET WORTH HANDBOOK 2021
- The average age of the global VHNW population is just over 60
- VHNW REGIONS IN 2020 AT A GLANCE
- EUROPE
- ASIA
- LATIN AMERICA
- MIDDLE EAST
- AFRICA
- Amid continued uncertainty, we expect stronger wealth growth over 2021-25
- PROFILING TODAY’S VHNW INDIVIDUALS
- Total VHNW philanthropic giving in 2019
- METHODOLOGY
- WEALTH-X ANALYTICS
- WEALTH-X DATA
JAMES LAVELL CHIEF EXECUTIVE OFFICER, EUROMONEY PEOPLE INTELLIGENCE RICHARD GREEN CHIEF COMMERCIAL OFFICER, EUROMONEY PEOPLE INTELLIGENCE MANUEL BIANCHI MANAGING DIRECTOR AND GLOBAL HEAD OF BUSINESS DEVELOPMENT, WEALTH-X MICHAEL PHILLIPS VICE PRESIDENT, MARKETING AND COMMUNICATIONS, EUROMONEY PEOPLE INTELLIGENCE
It takes time to create and/or accumulate significant wealth. The UAE, Bangladesh and Qatar have the youngest VHNW populations — they represent economies where wealth creation has been fairly recent.
ANNUAL RATE OF CHANGE STRONG STRONG ANNUAL CHANGE IN VHNW POPULATION
Fairly steep economic contractions amid virus spread
Faster economic bounce- equities alongside extensive fiscal stimulus measures
Hit by a sharp decline in economic activity, weakened commodity markets and subdued equity markets and restrictive lockdowns
Slump in demand for oil, travel restrictions and a weakening of local currencies
Currency and portfolio efects limited wealth losses back and strongly performing equity markets
Note: CAGR stands for compound annual growth rate. Source: Wealth-X UNCERTAINTY AHEAD These forecasts are, of course, presented in an environment of considerable uncertainty, heightened further as a result of the pandemic. Prospects for wealth creation will be determined strongly by the speed and scope of vaccine rollout programs around the world; ...
What are the defining features of VHNW individuals as a group? In this section we examine a variety of characteristics: wealth source, gender, age, industry focus, asset holdings, and interests and hobbies. While many VHNW individuals share common traits, we find that there are also substantial diferences at a country and regional level, as well as...
Note: This figure excludes giving by corporations as well as businesses owned by the VHNW. Please see the Methodology section for further detail on the methodology. Source: Wealth-X largely reflects the strong tradition of public giving in the US; and is more in line with the interests of the ultra wealthy and billionaires6, for whom philanthropy a...
To size the VHNW population and its combined wealth, we use our proprietary Wealth and Investable Assets Model. This model produces statistically significant estimates for total private wealth and estimates the size of the population by level of wealth and investable assets for the world and each of the top 70 economies, which account for 98% of wo...
Analysis of the data and additional insights in this report were provided by the Wealth-X Analytics team. Leveraging the Wealth-X Database and its own data models, Wealth-X Analytics provides customizable data assets tailored to your organization’s needs. Wealth-X Analytics is uniquely positioned to provide market-level data and analysis to inform...
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Apr 15, 2021 · VHNW Population Growth: Very High Net Worth Handbook 2021. The second edition of the Very High Net Worth Handbook analyzes the state of the world’s very high net worth (VHNW) population (those with between $5 and $30 million in net worth), revealing that this segment grew by 1.3% in 2020, to 2.7 million individuals worldwide.
This issue of PriceMetrix Insights explores a range of topics relating to high net worth households. The paper provides answers to the following questions: • What counts as “high net worth”? • What proportion of the market is made up by high net worth households? • Beyond assets, what are the characteristics of high net worth households?
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For this paper, we focus exclusively on the responses from 347 high-net-worth investor households with $1,000,000 - $4,999,999 in investable assets. We further categorized investors by their satisfaction levels with their primary advisor. Satisfied Investors scored the advisor a 6 or 7 on a 7-point scale. SUCCESSFUL HIGH-NET-WORTH CLIENT ...
Defining “high-net-worth” – sources of wealth and types of income – characteristics of “high net worth” investors – five primary determinants: time horizon, income/liquidity needs, risk tolerance,
