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Posts Tagged ‘demi-billionaire’

Economic Study: World’s Ultra-rich Getting Much Richer

Posted by Ram Kumar Shrestha on November 22, 2014

The report said 211,275 people qualify as “ultra-high net worth” (UHNW) – those with assets above US$30 million. 

A bare 0.004 per cent of the world’s adult population controls nearly US$30 trillion in assets, 13 per cent of the world’s total wealth

WASHINGTON: A bare 0.004 per cent of the world’s adult population controls nearly US$30 trillion in assets, 13 per cent of the world’s total wealth, according to a new study released on Thursday (Nov 21). And perhaps unsurprisingly, the study by the Swiss bank UBS and luxury industry consultant Wealth-X said the concentration of money in the hands of the ultra-rich is growing.

The report said 211,275 people qualify as “ultra-high net worth” (UHNW) – those with assets above US$30 million. Of them, 2,325 have more than US$1 billion. Their numbers grew 6 per cent over the past year, but their wealth grew 7 per cent, as asset markets like stocks and property soared in many places around the world.

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