Definition of Ultra High Net Worth
Ultra high net worth refers to individuals with investable assets exceeding $30 million, excluding primary residences. In 2016, this threshold remained the standard benchmark used by wealth managers and research firms to classify the wealthiest households globally.
Global Count and Wealth Trends in 2016
In 2016, the global population of ultra high net worth individuals reached approximately 226,000, according to research reports. Their combined wealth grew modestly despite market volatility, driven by strong performance in North America and parts of Asia.
Key Characteristics and Sources of Wealth
These individuals typically hold wealth in private equity, real estate, and publicly traded securities. Common industries generating ultra high net worth status include finance, technology, and entrepreneurship, with many maintaining diversified portfolios managed by private banks.
For detailed market insights, see the Credit Suisse Global Wealth Report.
