According to Knight Frank's data, the bulk of the fortunes owned by the region's UHNWI
(25 per cent) is allocated to equities, making it the most preferred asset class.
Secondly, we see UHNWI
increasingly creating or growing their own in-house asset management capabilities / family offices.
Despite being the dominant country for the planet's super-rich, the US lags behind other nations when it comes to UHNWI
According to the Wealth-X annual World Ultra Wealth Report, the number of ultra-high-net-worth individuals or UHNWIs
(defined as being worth $30 million or more) grew 13 percent last year to 255,810.
The report said there will be 260 new ultra-high-net-worth individuals (UHNWI
) in the Philippines whose total net assets are $50 million and above by 2022, fueled by the bullish real estate market and the influx of Chinese investments, a survey by a property outfit says.
Asia is going to contribute 38 percent of global UHNWI
over the next five years,' said Nicholas Holt, Asia-Pacific head of research for Knight Frank.
2.1 Key Insights into Latin American HNWI and UHNWI
With a strong capital and liquidity position, Emi- rates NBD Private Banking has extended its coverage to select African markets, particularly targeting HNWI, UHNWI
With a strong capital and liquidity position, Emirates NBD Private Banking has extended its coverage to select African markets, particularly targeting HNWI, UHNWI
According to data firm Wealth-X's latest World Ultra Wealth Report, the number of people with $30 million or more in net assets, called ultra high net worth individuals (UHNWI
) grew by 0.6 percent to 212,615 people in 2015.
Though not as large private businesses, these holdings are significant: $16 million on average within the UHNWI