According to Altrata’s World Ultra Wealth 2023, there were a total of 395,070 ultra-high net worth individuals around the world last year. report. This was a 5.4% decrease from a year ago and the first decline since 2018. Following recent record highs, total net worth similarly fell by 5.5% to $45.4 trillion.
North America remains the region with the highest number of ultra-high net worth individuals with 142,990, followed by Asia in second place with 108,370 and Europe in third with 100,850.
As the following chart shows, Asia’s ultra-high-net-worth population declined by 10.9% in 2022, marking the largest year-over-year decline of any region in the world. Analysts cited the impact of China’s strict coronavirus measures and the fallout from the war in Ukraine, which has affected exports and consumption and disrupted regional supply chains, particularly in the south. He wrote that this caused stock prices to slump in markets with many high-tech industries. Korea and Taiwan. Europe also saw a fairly significant decline in the number of ultra-high-net-worth individuals over this period (down 7.1 percent to 100,850).
The 10 countries with the highest number of ultra-high net worth individuals, each with a net worth of over $30 million, include the United States (129,665), China (47,190), Germany (19,590), Japan (14,940), and the United Kingdom. will appear. (14,005 people), Canada (13,320 people), Hong Kong (12,615 people), France (11,980 people), Italy (8,930 people), and India (8,880 people). Of these, India was the only country where the ultra-high-net-worth population increased year-on-year (up 3.2%), while all other countries saw a decline. Hong Kong and Japan had the largest negative changes in their ultra-high-net-worth populations, at -23% and -21.9%, respectively.