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Wealth-X

Ultra-wealthy fortunes flatline amid global turmoil

September 25, 2019

Rapid growth in the number of ultra-wealthy individuals worldwide has slowed to a crawl and their total wealth has dropped for the first time in three years to $32.3 trillion.

Rapid growth in the number of ultra-wealthy individuals worldwide has slowed to a crawl and their total wealth has dropped for the first time in three years to $32.3 trillion.

FB Roundup: Reuben, Ascott, and emerging nation's wealth boom

January 16, 2019

Reuben Brothers’ bid for Santander headquarters backed by Spanish court, historic Ascott Raffles Place sold to Singaporean property tycoon, wealthy populations in emerging nations on track for fastest growth.

Reuben Brothers’ bid for Santander headquarters backed by Spanish court

UK billionaire brothers David and Simon Reuben have won a tender for Banco Santander’s headquarters near Madrid with an offer of $325 million after a Spanish court ruled in their favour.

The privately-owned Reuben Brothers Resources Group beat a rival bid by Santander, which pays millions of euros in monthly rent for the 250 hectare plot whose nine buildings include offices, restaurants and a residence for its employees.

World’s ultra-wealthy population up 10% in 2017

March 13, 2018

North America remains the richest region on the planet, with a third of the world’s ultra-wealthiest people calling it home, but Asia has overtaken Europe as the second richest.

North America remains the richest region on the planet, with a third of the world’s ultra-wealthiest people calling it home, but Asia has overtaken Europe as the second richest.

Asia’s narrow promotion to second place came despite a 10% rise in 2017 in the number of ultra-wealthy Europeans (with $50 million or more), taking Europe’s number of wealth-holders to 35,180. Asia’s ultra-wealthy population accelerated 15% to 35,880 wealth-holders, according to Wealth-X data which informed the new Knight Frank Wealth Report.

Threats alerted as ultra-wealthy population booms

June 28, 2017

The ultra-high net worth population is set to grow by more than 72,000 people over the next five years, with growth underpinned by urbanisation, female labour participation, and transformative technologies.

Threats to the ultra-wealthy include evidence of populist dissatisfaction with the elite, as well as potentially changing views on immigration, national sovereignty and deindustrialisation.

Cash-poor Millennials lead the impact investing revolution in philanthropy

December 14, 2016

Socially and environmentally conscious Millennials are reinventing philanthropy by merging traditional foundations with profit-making endeavours and social enterprises, a new report says.

Socially and environmentally conscious Millennials are reinventing philanthropy by merging traditional foundations with profit-making endeavours and social enterprises, a new report says.

Education remained by far the most popular philanthropic cause for ultra-high net worth (UHNW) individuals, followed by health, also according to Changing Philanthropy: Trend Shifts in Ultra-Wealthy Giving.

Asia-Pacific growth beats global decline in ultra-wealthy population

September 29, 2016

Asia-Pacific continues to be the global leader in ultra-high net worth (UHNW) population growth despite flatlining growth worldwide and China’s economic slowdown.

Asia-Pacific continues to be the global leader in ultra-high net worth (UHNW) population growth despite flatlining growth worldwide and China’s economic slowdown.

Billionaire entrepreneurs gamble inherited wealth

August 9, 2016

A rising taste for entrepreneurialism among billionaires who inherited their wealth is behind a dramatic 29% drop in the number of global billionaires in only two years.

A rising taste for entrepreneurialism among billionaires who inherited their wealth is behind a dramatic 29% drop in the number of global billionaires in only two years.

The new Wealth-X Billionaire Census reported that billionaires whose wealth was inherited comprised only 13% of all global billionaires and 14% of total billionaire wealth.

World’s billionaire count at just over 2,000

November 7, 2013

More than 800 individuals have become billionaires since the financial markets bottomed out in March 2009 following the global financial crisis, with today’s total population at 2,170.

More than 800 individuals have become billionaires since the financial markets bottomed out in March 2009 following the global financial crisis, with today’s total population at 2,170.

According to the Billionaire Census 2013, released by Wealth-X and UBS, Asia is the fastest growing region for individuals whose worth is at least 10 figures long.

Since last year, the region’s billionaire population rose 3.7%, with 18 new individuals, and total billionaire wealth increased 13%.

Mining to boost Perth’s ultra-wealthy population

January 9, 2012

Perth will have a larger ultra-high net worth population than Brisbane by 2014, thanks to its growing mining sector and the surge in commodity prices.

Perth will have a larger ultra-high net worth population than Brisbane by 2014, thanks to its growing mining sector and the surge in commodity prices.

Figures from research company Wealth-X show Perth is currently home to the fourth-highest concentration of ultra-wealthy in Australia, behind Sydney, Melbourne and Brisbane.

But in only a couple of years, the city, located in Western Australia, will see its UHNW population outgrow Brisbane’s, according to the report.

Wealth moving from west to east

November 10, 2011

Asia-pacific will be home to the largest number of ultra-high net worth individuals by 2032, according to a new report by Wealth-X.

Currently, wealth is concentrated in western economies – the US is home to 62,960 people with more than $30 million (€22.1 million), while 54,325 UHNW individuals live in Europe, compared to Asia-Pacific’s 42,525 super-rich.

However, Asia-Pacific’s UHNW population will surpass Europe’s by 2024 and the US’s by 2032, the study said.