By the end of August the ultra-high-net-worth (UHNW) population and their collective wealth had shown significant recovery, rebounding toward year-end 2019 levels, according to Wealth-X in its eighth edition of its annual World Ultra Wealth Report.
Most of the ultra wealthy had experienced overall declines in their fortunes. Global ultra wealth was down 28 percent on 2019 levels by the end of March 2020; however, by the end of August the UHNW population had recovered somewhat and stood at 3 percent below its year-end 2019 level, with wealth down by 9 percent.
Highlights of the report include:
Buoyant wealth expansion in North America: In 2019, the strongest regional returns were recorded in North America, the world’s largest wealth hub, where the number of ultra wealthy individuals increased by 14.5 percent to 105,080, equivalent to a 36 percent share of the global UHNW class
