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