UHNWIs go forth and multiply
Ultra-high-net-worth individuals — defined as those with $30 million (€28 million) or more in net assets — are just one of the investor classes that pension funds and insurance companies have to compete with for real estate in this uncertain economic and political environment, and their numbers are increasing.
Knight Frank’s latest The Wealth Report shows that UHNWIs numbered 193,490 in 2016, according to data provided for the report by New World Wealth. The most significant rise in UHNWI numbers in the period from 2006 to 2026 is found in Asia Pacific, where there was growth of 121 percent in 2006–2016, with a further 91 percent increase predicted for 2016–2026. By contrast, UHNWI actual and predicted growth in Europe over the two periods is 17 percent and 12 percent, respectively.
Overall actual and predicted growth in UHNWI numbers over the two 10-year periods is remarkably steady, at 42 percent and 43 percent, respectively, indicating that UHNWIs