Close to 100,000 Ultra High Net-Worth Individuals Worldwide: Credit Suisse

In its latest study, Credit Suisse estimates suggest that worldwide there are 98,700 UHNW individuals, those with net assets exceeding USD 50 million. Of these, 33,900 are worth at least USD 100 million and 3,100 have assets above USD 500 million. North America dominates the regional ranking, with 48,000 UHNW residents (49%), while Europe has 24,800 individuals (25%), and 21,790 (22%) reside in Asia-Pacific, including China and India.

A 26 segment × 3 exposure (78 frames in total)...

Hong Kong skyline. (Photo credit: Wikipedia)

Number of Millionaires in 2013 and 2018 by Regions, Selected Countries and World

Country Number (thousand)


Number (thousand)


Change (%)
US 13,216 18,618 41%
France 2,211 3,224 46%
UK 1,529 2,377 55%
Germany 1,735 2,537 46%
Brazil 221 407 84%
Korea 251 449 79%
Mexico 186 273 47%
Singapore 174 235 35%
Indonesia 123 194 58%
Russia 84 133 58%
Hong Kong 103 168 63%
Turkey 102 158 55%
Poland 45 85 89%
Malaysia 38 67 76%
Chile 54 86 59%
Region Number (thousand)


Number (thousand)


Change (%)
Africa 90 163 81%
Asia-Pacific (inc. China & India) 6,571 11,488 75%
Europe 10,236 15,027 47%
Latin America 569 936 64%
North America 14,213 20,001 41%
World Number (thousand)


Number (thousand)


Change (%)
World 31,680 47,614 50%


Table 3: UHNWIs 2013: Selected Countries

Country UHNWIs (> USD 50 Million) % of Global Total
US 45,650 46.3%
China 5,831 5.9%
Germany 4,501 4.6%
Switzerland 3,457 3.5%
UK 3,187 3.2%
Japan 2,885 2.9%
France 2,877 2.9%
Italy 2,338 2.4%
Canada 2,321 2.4%
Australia 2,059 2.1%
Russia 1,986 2.0%
India 1,759 1.8%
Brazil 1,704 1.7%
Taiwan 1,373 1.4%
Spain 1,299 1.3%
Turkey 1,209 1.2%
Korea 1,206 1.2%
Hong Kong 1,145 1.2%
Sweden 1,144 1.2%
World 98,663 100%

Wealth of Nations: Top 10 Countries with the Highest Average Wealth per Adult in Mid-2013 (USD)
The richest nations, with wealth per adult over USD 100,000, are found in North America, Western Europe, and among the rich Asia-Pacific and Middle East countries. They are headed by Switzerland, which in 2011 became the first country in which average wealth exceeded USD 500,000. It dropped below this mark in 2012, but this year equity price rises resulted in a new peak value of USD 513,000 per adult (see table 4).

Table 4: Top 10 Countries with the Highest Average Wealth per Adult in Mid-2013 (USD)

Ranking Country Average wealth per adult Change since mid-2012 (%)
1 Switzerland 513,000 6.1%
2 Australia 403,000 1.3%
3 Norway 380,000 9.0%
4 Luxembourg 315,000 5.4%
5 US 301,000 11.4%
6 Sweden 299,000 14.6%
7 France 296,000 8.2%
8 Singapore 282,000 6.8%
9 Belgium 256,000 8.7%
10 Denmark 255,000 10.1%

Wealth Mobility
While the wealth pyramid provides a “snapshot” of wealth at a given point of time, individuals are constantly moving between the various strata. Credit Suisse looks at wealth mobility to supplement what is known about changes in individual wealth positions.

The percentage of billionaire “stayers” is broadly similar across countries, although there are some notable outliers and some interesting wealth mobility differences between countries:

  • France, Italy and Japan might be expected to have a lower percentage of “stayers” because their billionaire ranks shrank considerably over the decade.
  • Canada, Germany and the UK also have fairly low retention rates.
  • The US has by far the highest fraction of stayers, with 78% of the 2000-01 billionaires surviving to 2005 and 65% remaining in 2010. This may reflect that US billionaires have higher mean wealth, so they have to fall further on average to exit the group. Also, they face little or no exchange rate risk; whereas in other countries, entry and exit from the billionaire list may be due simply to fluctuations in the USD exchange rate.
  • Of the BRIC countries, a notable feature for China is the sharp increase in the number of billionaires after 2005, reflecting the rapidly lengthening upper tail of the Chinese wealth distribution, resulting in high upward structural mobility.
  • Of the BRIC countries, billionaires have the highest chance of surviving in Russia. The number of Russian billionaires more than doubled from 2005 to 2010, so the high survival rate likely reflects low downward structural mobility in the upper wealth tail, as well as higher than average wealth among world billionaires and – quite possibly – state protection of billionaire interests leading to lower exchange mobility at the top end than seen in other countries.

From: Credit Suisse


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14 thoughts on “Close to 100,000 Ultra High Net-Worth Individuals Worldwide: Credit Suisse

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  14. Interesting to see that the US only comes 5th in average adult wealth despite its average-distorting number of UHNWIs. Makes you wonder what the median is.

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