Key takeaways
- The global UHNWI population contracted by 3.8% in 2022 after a record climb in 2021.
- The Middle East was a regional stand out with 16.9% UHNWI growth, buoyed by the UAE and Saudi Arabia who saw stellar economic and property market performance
- Asia was home to three of the top 10 fastest-growing wealth hubs, with Malaysia, Indonesia, and Singapore seeing their wealthy populations expand by 7-9%, this comes despite the wider region experiencing a 6.5% decline.
- Over the next five years we forecast that the global UHNWI population will expand by 28.5% to almost three-quarters of a million from 579,625 in 2022.
- US$12.4m – The level of net wealth required to join the top 1% of the population in Monaco
