Altrata World Ultra Wealth Report 2022: 392,410 UHNWs & 86,981 UHNWs with More Than $100 Million, Top 10 UHNW Cities are Hong Kong, New York, Los Ange

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Altrata World Ultra Wealth Report 2022: 392,410 UHNWs & 86,981 UHNWs with More Than $100 Million, Top 10 UHNW Cities are Hong Kong, New York, Los Angeles, Tokyo, London, San Francisco, Paris, Chicago, Washington DC & Dallas

11th March 2023 | Hong Kong

Altrata (Wealth-X) has released the World Ultra Wealth Report 2022, providing key insights into UHNWs (Ultra net high net worth) with more than $30 million.  In 2022,  there are around 392,410 UHNWs ($30 million & above) in the world, 68,981 UHNWs with more than $100 million, 3,311 with more than $1 billion, and 34.2 million HNWs ($1 million & above).  Of the 392,410 UHNWs population, 89.2% are men and 10.8% are women.  The top 10 countries with the most UHNWs are United States, China, Germany, Japan, Hong Kong, UK, Canada, France, Switzerland, Italy and the top 10 cities with the most UHNWs are Hong Kong, New York, Los Angeles, Tokyo, London, San Francisco, Paris, Chicago, Washington DC, Dallas.  The top 5 source of UHNW Wealth by industries (Male) are Banking & Finance, Business & Consumer Services, Real Estate, Manufacturing, Technology.  The top 5 source of UHNW Wealth by industries (Female) are Non-Profit & Social Organisations, Banking & Finance, Business & Consumer Services, Real Estate, Hospitality & Entertainment.  UHNW males & females have different source of wealth (inherited vs self-made), and almost completely opposite preference for top 6 luxury asset ownership (Male: Plane & Jet, Yacht, Cars & Vehicles, Secondary Residence, Arts & Collectibles, Watches & Jewelries) and top 5 interests & hobbies (Male: Sports, Philanthropy, The Outdoors, Technology, Education).  UHNW Source of Wealth for Male – Inherited 4.8% vs Self-made 75.7% and UHNW Source of Wealth for Female – Inherited 25.3% vs Self-made 45.2%.  Asset Allocation for Male – Liquid Assets 35.5%, Public Holdings 33.3%, Private Holdings 27.1%, Real Estate & Luxury Assets 4% and Asset Allocation for Female – Liquid Assets 31%, Public Holdings 27.6%, Private Holdings 28.7%, Real Estate & Luxury Assets 12.7%.  View key summary of UHNW insights below.

” 392,410 UHNWs & 86,981 UHNWs with More Than $100 Million, Top 10 UHNW Cities are Hong Kong, New York, Los Angeles, Tokyo, London, San Francisco, Paris, Chicago, Washington DC & Dallas  “

 

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Altrata World Ultra Wealth Report 2022 Monaco | A country known for the rich and famous, with the highest GDP in the world and every 1 in 3 is a millionaire

Altrata (Wealth-X) has released the World Ultra Wealth Report 2022, providing key insights into UHNWs (Ultra net high net worth) with more than $30 million.

  • UHNW (Ultra net high net worth) ~ $30 million
  • VHNW (Very high net worth) ~ $5 million to $30 million
  • HNW (High net worth) ~ $1 million

 

Altrata World Ultra Wealth Report 2022

Key Summary

  • UHNW Population – 392,410 with $41.8 trillion 
  • Total HNW Population – 34.2 million with $134.6 trillion
  • UHNW with more than $1 billion – 3,311
  • UHNW with more than $500 million to $1 billion – 6,019
  • UHNW with $250 million to $500 million – 15,790
  • UHNW with $100 million to $250 million – 58,550
  • UHNW with more than $100 million – 86,981
  • Top 3 UHNW Region – North America (134,530 UHNWs), Asia (116,080 UHNWs), Europe (100,370 UHNWs)
  • Top 5 Source of UHNW Wealth by Industries (Male) – Banking & Finance, Business & Consumer Services, Real Estate, Manufacturing, Technology
  • Top 5 Source of UHNW Wealth by Industries (Female) – Non-Profit & Social Organisations, Banking & Finance, Business & Consumer Services, Real Estate, Hospitality & Entertainment. 
  • Top 10 Countries with most UHNWs – United States, China, Germany, Japan, Hong Kong, UK, Canada, France, Switzerland, Italy
  • Top 10 Countries with most UHNW wealth – United States, China, Germany, Japan, Canada, Italy, Hong Kong, Switzerland
  • Top 10 Cities with most UHNWs – Hong Kong, New York, Los Angeles, Tokyo, London, San Francisco, Paris, Chicago, Washington DC, Dallas
  • Summary – UHNW Male & Female

  • UHNW Demographics Male vs Female – Men 89.2% (Average age 63.6) vs Women 10.8% (Average age 64.8)
  • UHNW Demographics Age – Less than 50 years old 10.2% (Male) 13.9% (Female), the rest are above 50 years old
  • UHNW Source of Wealth for Male – Inherited 4.8% vs Self-made 75.7%
  • UHNW Source of Wealth for Female – Inherited 25.3% vs Self-made 45.2%
  • Asset Allocation for Male – Liquid Assets 35.5%, Public Holdings 33.3%, Private Holdings 27.1%, Real Estate & Luxury Assets 4%
  • Asset Allocation for Female – Liquid Assets 31%, Public Holdings 27.6%, Private Holdings 28.7%, Real Estate & Luxury Assets 12.7%
  • Top 6 UHNW Luxury Asset Ownership for Male – Plane & Jet, Yacht, Cars & Vehicles, Secondary Residence, Arts & Collectibles, Watches & Jewelries
  • Top 6 UHNW Luxury Asset Ownership for Female – Watches & Jewelries, Arts & Collectibles, Secondary Residence, Cars & Vehicles, Plane & Jet, Yacht
  • Top 5 UHNW Interests & Hobbies for Male – Sports, Philanthropy, The Outdoors, Technology, Education
  • Top 5 UHNW Interests & Hobbies for Female – Philanthropy, Sports, Arts, Education, The Outdoors
  •  

    1) Global UHNW Population & Wealth

    HNW Population 

    • UHNW – 392,410 (1.2% of HNW Population, 31% Share of HNW Wealth, $41.8 trillion)
    • VHNW – 3.61 million
    • HNW – 30.2 million
    • Total HNW – 34.2 million (June 2022)

    HNW Wealth 

    • UHNW – $41.8 trillion
    • VHNW – $35.9 trillion
    • HNW – $56.9 trillion
    • Total HNW Wealth – $134.6 trillion (June 2022)

    UHNW Wealth Breakdown (No. Of UHNWs)

    • More than $1 billion – 3,311
    • $500 million to $1 billion – 6,019
    • $250 million to $500 million – 15,790
    • $100 million to $250 million – 58,550
    • $50 million to $100 million – 120,140
    • $30 million to $50 million – 188,600

    UHNW population decreased 6%, first downturn since 2018

    Global UHNW Population 2022 1H by Region

    • North America – 134,530 UHNWs, 34.3% of UHNW population
    • Latin America & Caribbean – 10,320 UHNWs, 2.6% of UHNW population
    • Europe – 100,370 UHNWs, 25.6% of UHNW population
    • Middle East – 21,590 UHNWs, 5.5% of UHNW population
    • Africa – 3,020 UHNWs, 0.8% of UHNW population
    • Asia – 116,080 UHNWs, 29.6% of UHNW population
    • Pacific – 6,500 UHNWs, 1.7% of UHNW population

    Global UHNW Wealth 2022 1H by Region

    • North America – $14.5 trillion wealth, 34.8% of UHNW wealth
    • Latin America & Caribbean – $1.28 trillion wealth, 3.1% of UHNW wealth
    • Europe – $10.5 trillion wealth, 25.3% of UHNW wealth
    • Middle East – $2.65 trillion wealth, 6.4% of UHNW wealth
    • Africa – $355 billion wealth, 0.8% of UHNW wealth
    • Asia – $11.8 trillion wealth, 28.3% of UHNW wealth
    • Pacific – $567 billion wealth, 1.4% of UHNW wealth

     

    2) Source of Wealth – By Industry

    UHNW Source of Wealth Top 5 Industries – Male

    • Banking & Finance – 25.3%
    • Business & Consumer Services – 11.8%
    • Real Estate – 6.9%
    • Manufacturing – 5.1%
    • Technology – 5%

    UHNW Source of Wealth Top 5 Industries – Female

    • Non-Profit & Social Organisations – 19.3%
    • Banking & Finance – 15.2%
    • Business & Consumer Services – 12.3%
    • Real Estate – 5.9%
    • Hospitality & Entertainment – 5.1%

     

    3) Top 10 UHNW Countries, Cities, Region

    Top 10 UHNW Countries (No. Of UHNWs)

  • United States – 121,465
  • China – 51,145
  • Germany – 19,870
  • Japan – 16,585
  • Hong Kong – 15,235
  • UK – 14,885
  • Canada – 13,060
  • France – 12,150
  • Switzerland – 9,090
  • Italy – 8,500
  • Top 10 UHNW Countries Wealth

  • United States – $13.4 trillion
  • China – $5.6 trillion
  • Germany – $2.2 trillion
  • Japan – $1.4 trillion
  • France – $1.2 trillion
  • UK – $1.1 trillion
  • Canada – $1.1 trilion
  • Italy – $1.07 trillion
  • Hong Kong – $977 billion
  • Switzerland – $967 billion
  • Top 10 UHNW Cities

  • Hong Kong – 15,235
  • New York – 14,235
  • Los Angeles – 7,715
  • Tokyo – 6,420
  • London – 6,102
  • San Francisco – 5,099
  • Paris – 4,965
  • Chicago – 4,952
  • Washington DC – 4,099
  • Dallas – 3,758
  • Top 10 cities account for 18.5% of UHNW population 

    UHNW Population Change by Region – 2022 1H (6 months prior)

    • North America: -9.7%
    • Latin America & Caribbean: +5.4%
    • Europe: -6.9%
    • Middle-East: +7.4%
    • Africa: -3.2%
    • Asia: -3.9%
    • Pacific: -6.5%

    UHNW Wealth Change by Region – 2022 1H (6 months prior)

    • North America: -13.9%
    • Latin America & Caribbean: +3.1%
    • Europe: -11.5%
    • Middle-East: +1.9%
    • Africa: -4.2%
    • Asia: -10.5%
    • Pacific: -8.2%

     

    4) UHNW Demographics

    UHNW Demographics

    • Men – 89.2%, Average age 63.6
    • Women – 10.8%, Average age 64.8

    Age Group – Male / Female 

    • Less than 50 years old – 10.2% / 13.9%
    • 50 to 70 years old – 55.6% / 55.3%
    • Above 70 years old – 34.2% / 30.8%

     

    5) Source of Wealth – Inheritance or Self-Made

    UHNW Median Source of Wealth – Male vs Female 

    • Inherited – $63.4 million vs $67.3 million
    • Inherited & Self-made – $71.3 million vs $59.4 million
    • Self-made – $47.5 million vs $35.7 million
    • Media ~ If UHNW population of 392,410, the median will be the 196,205th UHNW (50% count)

    UHNW Source of Wealth – Male

    • Inherited – 4.8%
    • Inherited & Self-made – 19.5%
    • Self-made – 75.7%

    UHNW Source of Wealth – Female 

    • Inherited – 25.3%
    • Inherited & Self-made – 29.5%
    • Self-made – 45.2%

    UHNW Source of Wealth in United States – Male & Female

    • Inherited – 4.7% / 28.6%
    • Inherited & Self-made – 12.8% / 20.3%
    • Self-made – 82.5% / 51.1%

    UHNW Source of Wealth in China – Male & Female

    • Inherited – 2.1% / 10.5%
    • Inherited & Self-made – 4.4% / 7.8%
    • Self-made – 93.5% / 81.7%

    UHNW Source of Wealth in Germany – Male & Female

    • Inherited – 3.6% / 23.8%
    • Inherited & Self-made – 45.6% / 59.6%
    • Self-made – 50.8% / 16.5%

     

    6) UHNW Asset Allocation

    UHNW Asset Allocation – Male

    • Liquid Assets (Cash, Income) – 35.5%
    • Public Holdings – 33.3%
    • Private Holdings – 27.1%
    • Real Estate & Luxury Assets – 4%

    UHNW Asset Allocation – Female

    • Liquid Assets (Cash, Income) – 31%
    • Public Holdings – 27.6%
    • Private Holdings – 28.7%
    • Real Estate & Luxury Assets – 12.7%

     

    7) UHNW Luxury, Interests, Hobbies, Philanthropy

    UHNW Luxury Asset Ownership – Male vs Female

  • Plane & Jet – 81%
  • Yacht – 80%
  • Cars & Vehicles ($200k above) – 73%
  • Secondary Residence ($5 million above) – 49% 
  • Arts & Collectibles ($200k above) – 47% 
  • Watches & Jewelries – 30% 
  • UHNW Luxury Asset Ownership – Female

  • Watches & Jewelries – 70%
  • Arts & Collectibles ($200k above) – 53%
  • Secondary Residence ($5 million above) – 51%
  • Cars & Vehicles ($200k above) – 27%
  • Yacht – 20%
  • Plane & Jet – 19%
  • Top Interests & Hobbies – Male

  • Sports – 49.1%
  • Philanthropy – 35.1%
  • The Outdoors – 27.2%
  • Technology – 17.8%
  • Education – 15.1%
  • Public Speaking – 17%
  • Arts – 10.2%
  • Music – 8.6%
  • Health & Wellness – 7.3%
  • Animals – 6.5%
  • Top Interests & Hobbies – Female 

  • Philanthropy – 60.7%
  • Sports – 29.9%
  • Arts – 21.6%
  • Education – 17.5%
  • The Outdoors – 15.6%
  • Public Speaking – 15.5%
  • Animals – 14%
  • Health & Wellness – 13.2%
  • Technology – 13%
  • Music – 12.7%
  • Top Philanthropy – Male vs Female 

    • Education – 56.3% vs 53.4%
    • Arts & Culture – 34.8% vs 43.6%
    • Social Services – 30.5% vs 33.1%
    • Healthcare & Medical Research – 29.4% vs 30.6%
    • Environment, Conservation & Animals – 13.4% vs 17.2%
    • Children & Youth Development – 9.5% vs 10.2%
    • Others – 13.9% vs 16%

     

     

    Altrata World Ultra Wealth Report 2022

    This is the 1st World Ultra Wealth Report published by Altrata, and the 10th edition powered by Wealth-X data,  providing in-depth analysis of the ultra high net worth (UHNW) population, an exclusive group of wealthy individuals located across the globe, each with net worth in excess of $30 million.   The Altrata World Ultra Wealth Report 2022 is provided by data from Wealth-X and RelSci.  RelSci is an Altrata company, with database covering 11 million influential individuals and 1.8 million organizations. Wealth-X is an Altrata company and the global leader in wealth information and insight.

    About Altrata   Altrata is a data powerhouse, built to deliver more value to our clients. We are the global leader in data-driven people intelligence on the wealthy and influential. We work at scale with businesses and nonprofits across the world from a variety of industries. We help our clients connect with confidence to the people who have the greatest impact on their business. Our products give our clients all the information they need on everyone they need to know. Our data is actionable, accurate, and comprehensive. And our global team of more than 400 researchers is committed to maintaining millions of profiles and changing data points, so our clients can effectively engage their target audience and make meaningful, lasting connections.  AltrataTM is a registered trademark of the Euromoney Group, which comprises five dynamic offerings: BoardEx, Boardroom Insiders, RelSci, WealthEngine and Wealth-X. 

    Wealth-X is an Altrata company and the global leader in wealth information and insight. Wealth-X partners with prestige brands across the financial services, luxury, nonprofit and higher-education industries to fuel strategic decision-making in sales, marketing and compliance. Wealth-X has developed the world’s largest collection of records on wealthy individuals and produces unparalleled data analysis to help organizations uncover, understand, and engage their target audience, as well as mitigate risk. Founded in 2010, with a team spanning North America, Europe and Asia, Wealth-X provides unique data, analysis, and counsel to a diverse roster of worldwide clients. 

    RelSci is an Altrata company and helps organizations reach the people who matter most to their success. RelSci’s data-driven platform is leveraged by corporations, financial institutions and nonprofit organizations to gain a deeper understanding of their relationships with influential decision makers — what we call their “relationship capital.” 




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