Niall McCarthy reports for Statista, March 3, 2021, that according to Knight Frank’s 15th annual Wealth Report, the global super-rich (“ultra-high-net worth individual or UHNWI”) population — defined as an individual with $30 million or more in assets) increased 2.4% over the past year because of the COVID-19 pandemic’s surging asset prices, lower interest rates and fiscal stimulus. The increase of the super-rich was strongest in Asia at 12%.
The Wealth Report included an interesting subsection that used a Wealth Sizing Model to compare requirements to gain access to the top 1%.
Those requirements, in US$, vary considerably between countries. For example:
- The entry point to being super-rich in Monaco is the highest on the planet at $7.9 million.
- The United States has the world’s largest UHNWI population with around 180,000 people having assets of $30 million or more in 2020. However, to gain entrance to America’s one percent club, you’ll need $4.4 million.
- In India, just $60,000 would entitle you to be among the top 1%.
Here’s the chart:
You will find more infographics at Statista
~E
Please follow and like us:
Sadly your wealth is only important if you let Christ use if for his purpose. If you think about that it would put you back into the 1% of people who use their money for the promotion of Christ agenda to help those in the World.
Anything beyond that would be selfishness of one to know you hold the key to help others and not use it.