According to a report released by Wealth-X earlier this month, the United States boasts an ultra-high-net-worth individual (UHNWI) population of approximately 80,000, more than the total of the next five countries combined – Japan, China, Germany, Canada and France. A UNHWI is defined as someone worth $30 million or more and the U.S. is home to 31% of the global population. Despite being the dominant country for the planet’s super-rich, the U.S. lags behind other nations when it comes to UHNWI population growth.
Steady economic development across Asia has led to a burgeoning population of wealthy individuals, particularly in China where the number of UHNWIs increased 19% between 2016 and 2017 – twice North America’s growth rate. Over the past five years, however, another and unlikely Asian country has been leading the world in super rich population growth. Between 2012 and 2017, Bangladesh saw its ultra-rich club grow by 17.3%. Over the same time period, growth in China was 13.4% while in Vietnam it was 12.7%. Kenya and India were among the other nations recording double-digit growth of 11.7 and 10.7% respectively. The U.S. came tenth overall for UHNWI population growth at 8.1% from 2012 to 2017.
*Click below to enlarge (charted by Statista)
