Today Altrata, the global leader in data intelligence on the wealthy and influential, released the World Ultra Wealth Report 2022. The tenth edition of this report, produced leveraging Wealth-X data, reveals that the global ultra high net worth (UHNW) population — those with a net worth of $30m and above – declined for the first time since 2018.
The 6% decrease in the global UHNW population to 392,410 individuals represents a sharp reversal from 2021 record highs, as wealth portfolios were hit by shockwaves across the global economy, triggered by the war in Ukraine. Following historic highs in recent years, combined net worth among this population also fell by 11% to $41.8trn.
Among numerous findings, the World Ultra Wealth Report 2022 reveals:
- In North America, the world’s largest ultra wealth region, the UHNW population declined by almost 10% in the first half of 2022
- The number of ultra wealthy individuals in the world’s second-largest UNHW country, China, expanded by 2.3% over the first half of 2022
- Europe recorded a 6.9% decline in its ultra wealthy population, this was the second-largest fall after North America
- The ultra wealthy population in the Middle East grew by 7.4% and now accounts for a 5.5% share of the global ultra wealthy class
- Latin America and the Caribbean also saw an increase in their ultra wealthy population by 5.1%
- Hong Kong slightly extended its lead over second place New York as the city with the highest UHNW population, although both recorded declines
The World Ultra Wealth Report 2022 examines ultra wealthy women who globally account for a rising share of wealth, exploring characteristics such as their average age, wealth source, primary industry, asset allocation, luxury-asset ownership and top interests compared to ultra wealthy men.
The report also leverages data from RelSci, another Altrata company to examine US political donations made by the ultra wealthy. The data shows that as individual donors, ultra wealthy US women make slightly larger political donations than do ultra wealthy US men.
Wealth-X’s comprehensive database and newly updated Wealth and Investable Assets Model provide unrivaled insight into the world’s wealthiest individuals, their characteristics and the constantly changing landscape of wealth creation, making it an essential read for any provider looking to prospect for and engage with individuals in this unique and exclusive demographic.
Access the complete findings here.
This press release was originally posted on PR Newswire on November 9th 2022.