The number of super-rich people is exploding—and it’s raising the bar for what’s considered ‘wealthy’
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The number of ultra-high-net-worth individuals (UHNWIs) with over $30 million in assets grew from 157,000 in 2016 to 220,000 in 2023, a 28% increase; Elias Ghanem from Capgemini notes UHNWIs focus on wealth growth, while other high-net-worth individuals prioritize wealth preservation; North America saw a 7.3% increase in UHNWIs last year due to economic resilience and government spending initiatives like the CHIPS Act and Inflation Reduction Act; Knight Frank's 2024 Wealth Report indicates a global total of over 626,600 UHNWIs, with predictions of a 28% rise in the next four years; $30 million is now seen as a starting point for wealth, with some suggesting $100 million as the new standard; 91% of UHNWIs are interested in passion investments such as luxury real estate and collectibles.

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https://fortune.com/2024/10/15/ultra-high-net-worth-individuals-capgemini/