Cision PR Newswire September 11, 2023
Lifestyle
Today Altrata, the global leader in data-driven intelligence on the wealthy and influential, released the 11th edition of the World Ultra Wealth Report 2023. The report reveals a 5.4% decline in the ultra-high net worth (UHNW) population in 2022, the first annual decrease of this population in four years, and the most substantial contraction since 2015.
The World Ultra Wealth Report 2023 leverages Wealth-X data and sheds light on the state of the global UHNW population; those with a net worth of $30 million or more. Despite the annual decline in population, the ultra-wealthy still hold more than $45 trillion in assets, with a median wealth of $51 million per person.
Leveraging Wealth-X's proprietary Wealth and Investible Assets Model, the global ultra-wealthy population is expected to total 528,100 people by 2027, an increase of 133,000 on 2022 levels. UHNW wealth is projected to rise to $60.3trn, implying an additional $14.9trn of newly created wealth over the next five years.
The recent decline impacted global regions and cities differently. Among the numerous findings, the World Ultra Wealth Report 2023 reveals:
The report goes on to examine different ultra-wealthy archetypes, namely entrepreneurs, corporate executives, and sole inheritors. These archetypes highlight the similarities and differences among these demographics by wealth source, asset allocation, industry affiliation, luxury asset ownership trends, and more.
"Whether by chance or design, the turbulent backdrop of 2022 provided wealth-creation opportunities for some among the ultra-wealthy class," said Manuel Bianchi, head of global sales for Altrata. "Altrata's World Ultra Wealth Report 2023 is an indispensable guide for organizations seeking to navigate the intricate world of the ultra-wealthy."
Stay up to date on the latest real estate trends.
Seller
February 14, 2025
Lifestyle
February 13, 2025
The U.S. Motion Picture Association helps parents limit the amount of violence and sexual content their kids see by requiring a guardian to accompany children under 17… Read more
Seller
February 13, 2025
A total of 30,816 residential properties carried foreclosure filings in January, according to new data from ATTOM.
Seller
February 13, 2025
While some segments of the U.S. housing market are still struggling to recover from a sluggish year of buying and selling marked by high mortgage rates and lagging inv… Read more
Seller
February 13, 2025
If you’re like a lot of aspiring homebuyers, there’s a major hurdle standing in your way — the cost of living.
Buyer
February 12, 2025
Only 15% of California homebuyers could afford to purchase a median-priced, existing single-family home in the state during the fourth quarter of 2024, according to th… Read more
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today