71 Percent Of Ultra High Net Worth Individuals Live In THESE 10 Countries

71 Percent Of Ultra High Net Worth Individuals Live In THESE 10 Countries

No, Singapore doesn't make the list.

Singapore has been known to be the playground of ultra high net worth (UHNW) individuals in recent years. In fact, there is one UHNW individual per 707 residents in Singapore. UHNW individuals are those worth $30 million or more. But of course, compared to the rest of the world, this number still pales in comparison. Here are the top 10 countries ultra high net worth individuals reside in.

Top 10 countries ultra high net worth individuals live in:

countries ultra high net worth individuals

Source: Wealth-X

10. Italy: 5,960 UHNW individuals
9. Switzerland: 6,400 UHNW individuals
8. United Kingdom: 9,370 UHNW individuals
7. Hong Kong*: 10,010 UHNW individuals
6. France: 10,120 UHNW individuals
5. Canada: 10,840 UHNW individuals
4. Germany: 15,080 UHNW individuals
3. China: 16,875 UHNW individuals
2. Japan: 17,915 UHNW individuals
1. United States: 79,595 UHNW individuals

The U.S. has the highest number of ultra-high-net-worth (UHNW) residents with almost 80,000 and that is more than the combined total of the next five largest countries — Japan, China, Germany, Canada and France. 

Right now the US accounts for 31 percent of the world’s UHNW population. However, Asia is on the rise for wealth-creation. 

US might be at its peak, but actually recorded the weakest growth in population and net worth among the top seven countries. Conversely, countries like Japan, China and France saw double-digit gains.

Other Asian countries are also being noticed for its high growth of ultra high net worth individuals.

Fastest growing countries ultra high net worth individuals come from

countries ultra high net worth individuals

Source: Wealth-X

For instance, Bangladesh is the fastest growing UHNW country, followed by China, Vietnam, Kenya and India. Four out of five of these countries are in Asia. Bangladesh’s UHNW population has grown by more than 17 percent since 2012.

Bangladesh now has 255 UHNW individuals.

Here’s the full list of the top 10 fastest growing UHNW countries:

10. United States: 8.1 percent growth in UHNW population since 2012
9. Pakistan: 8.4 percent growth in UHNW population since 2012
8. Israel: 8.6 percent growth in UHNW population since 2012
7. Ireland: 9.1 percent growth in UHNW population since 2012
6. Hong Kong*: 9.3 percent growth in UHNW population since 2012
5. India: 10.7 percent growth in UHNW population since 2012
4. Kenya: 11.7 percent growth in UHNW population since 2012
3. Vietnam: 12.7 percent growth in UHNW population since 2012
2. China: 13.4 percent growth in UHNW population since 2012
1. Bangladesh: 17.3 percent growth in UHNW population since 2012

 

So, these are the countries ultra high net worth individuals live in! Maybe these are also good places to scout for more business opportunities!

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Written by

Sarah Voon