Ultra-High Net-Worth Individual (UHNWI)
Candlefocus EditorThe term Ultra-high-net-worth individual (UHNWI) refers to individuals who have at least $30 million or more of investable assets. According to research from Credit Suisse, as of mid-2018, there were 199,235 ultra-wealthy individuals worldwide with total worldwide wealth reaching an estimated $30.4 trillion. The largest concentration of Ultra-high-net-worth Individuals (UHNWIs) are located in the United States, as it is home to the most UHNWIs in the world.
The majority of UHNWIs are male and are typically 50 years of age or older. These individuals are typically well educated, with a majority of them having received a college education in business, law, engineering, or finance. They are also more likely to have advanced degrees, and some have even attained impressive educational credentials such as a Ph.D.
A majority of UHNWIs are self-made, though a large portion of it is due to inheritance or family wealth. A significant number of UHNWIs have self-created their wealth through outstanding business acumen. While the wealthiest among them tend to have established a successful business from scratch, many of them also had existing family wealth and capital to fall back on as well.
The list of UHNWIs around the world is impressive, with billionaires from all industries making the list. For instance, tech tycoons like Jeff Bezos, Bill Gates, and Mark Zuckerberg are all included in the list of the world's wealthiest individuals. Others include business giants like Warren Buffett and Jack Ma, who have both built impressive businesses.
The lifestyle of UHNWIs is unique and includes access to the world’s most exclusive privileges. From private jets, luxury yachts, and customized cars, these individuals lead a life of luxury and extravagance. The decorum and hospitality they require while travelling also stands apart from others, with many preferring to stay in five-star hotels with luxurious amenities and state-of-the-art security.
In conclusion, Ultra-high-net-worth individuals or UHNWIs are defined as those individuals who have at least $30 million or more of investable assets. The list of UHNWIs around the world is vast, with billionaires from all industries making the list. These ultra-wealthy individuals typically lead a life of luxury and extravagance, with access to the world’s most exclusive privileges.