In 2023, the number of individuals living in the United Kingdom (UK) with a net worth of over 30 million U.S. dollars excluding the value of their primary residence was more than 23,000 people. This number is expected to grow to over 28,700 by 2028.
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Total wealth is the sum of the four components of wealth and is therefore net of all liabilities.
In 2023, the net worth of households in the United Kingdom was over 91,000 U.S. dollars, compared with 60,000 dollars in 2000.
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The values of any financial assets held including both formal investments, such as bank or building society current or saving accounts, investment vehicles such as Individual Savings Accounts, endowments, stocks and shares, and informal savings.
In 2023, the number of individuals living in the United Kingdom (UK) with a net worth of over one million U.S. dollars excluding the value of their primary residence was roughly over three million people. This number has been forecasted to decrease to 2.5 million people in 2028..
At the turn of the twentieth century, the wealthiest one percent of people in the United Kingdom controlled 71 percent of net personal wealth, while the top ten percent controlled 93 percent. The share of wealth controlled by the rich in the United Kingdom fell throughout the twentieth century, and by 1990 the richest one percent controlled 16 percent of wealth, and the richest ten percent just over half of it.
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Data on household wealth in Great Britain by ethnic group. Includes total, property, financial, physical and private pension wealth by age, region, household composition and housing tenure.
This statistic shows the origin of the wealth of ultra high-net worth individuals in the United Kingdom in 2014. Out of all these individuals, 75 percent were fully self-made rich, while another twelve percent have partially inherited their weatlh.
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United Kingdom British Airways: Net Current Assets or Liabilities data was reported at -3,176.600 GBP mn in 2014. This records an increase from the previous number of -3,925.900 GBP mn for 2013. United Kingdom British Airways: Net Current Assets or Liabilities data is updated yearly, averaging -2,522.400 GBP mn from Dec 2000 (Median) to 2014, with 15 observations. The data reached an all-time high of -814.300 GBP mn in 2005 and a record low of -4,063.400 GBP mn in 2008. United Kingdom British Airways: Net Current Assets or Liabilities data remains active status in CEIC and is reported by Civil Aviation Authority. The data is categorized under Global Database’s UK – Table UK.TA009: Airline Financial Statistics: Balance Sheet: British Airways.
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The wealth of high income individuals in Europe between 2009 and 2023 showed a general growing trend. In 2009 the wealth of high net worth individuals in Europe amounted to more than 9.5 trillion U.S. dollars and it grew to over 4.2 trillion U.S. dollars by the end of 2016. Overall, high-net worth individuals in Europe held approximately 18.8 trillion U.S. dollars in investable wealth in 2023.
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United Kingdom UK: GDP: Real: Net Income from Abroad data was reported at -24,216.015 GBP mn in 2015. This records a decrease from the previous number of -22,371.201 GBP mn for 2014. United Kingdom UK: GDP: Real: Net Income from Abroad data is updated yearly, averaging 13,853.045 GBP mn from Dec 1999 (Median) to 2015, with 17 observations. The data reached an all-time high of 36,765.086 GBP mn in 2005 and a record low of -24,216.015 GBP mn in 2015. United Kingdom UK: GDP: Real: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Real. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
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Presents the balance sheet for the public sector, consistent with the 2010 European system of national and regional accounts (ESA 2010) and Manual on Government Deficit and Debt (MGDD).
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United Kingdom UK: Households: Net Worth data was reported at 0.000 GBP mn in 2015. This stayed constant from the previous number of 0.000 GBP mn for 2014. United Kingdom UK: Households: Net Worth data is updated yearly, averaging 0.000 GBP mn from Dec 2005 (Median) to 2015, with 9 observations. The data reached an all-time high of 6,340,883.000 GBP mn in 2005 and a record low of 0.000 GBP mn in 2015. United Kingdom UK: Households: Net Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.FSI: Sectoral Financial Statement: Balance Sheet: Annual.
The number of high net worth individuals (HNWIs) in Europe has grown steadily over the past decade. This trend reflects broader wealth accumulation patterns across the continent, with the richest segments of society gaining an increasingly larger share of total wealth. Despite this concentration at the top, recent years have seen some positive signs in terms of overall income inequality reduction in Europe. Wealth concentration at the top From 1995 to 2021, the wealthiest one percent in Europe increased their share of wealth from 22 percent to over 26 percent. During this same period, the bottom 90 percent saw their collective share shrink. This concentration of wealth at the top aligns with the growth in HNWIs observed in countries in Europe. The top 10 percent of wealthy Europeans now own more than the remaining 90 percent combined, highlighting the significant wealth disparity that persists despite the overall increase in HNWIs.
Signs of improving income equality While wealth concentration has increased, there are indications that income inequality in the European Union has been improving in recent years. The Gini coefficient, a measure of income inequality, has been declining in both the EU and Eurozone since 2014, reaching new lows of 29.6 and 29.8 respectively in 2023. Additionally, the income ratio between the top 20 percent and bottom 20 percent of earners in the EU has fallen from 5.22 in 2015 to 4.74 in 2022. These trends suggest that despite the growth in HNWIs, efforts to address income disparities may be having some positive effects across the broader population.
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United Kingdom UK: GDP: USD: Net Income from Abroad data was reported at -31.229 USD bn in 2016. This records an increase from the previous number of -39.334 USD bn for 2015. United Kingdom UK: GDP: USD: Net Income from Abroad data is updated yearly, averaging -358.819 USD mn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 59.316 USD bn in 2005 and a record low of -39.334 USD bn in 2015. United Kingdom UK: GDP: USD: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Gross Domestic Product: Nominal. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;
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United Kingdom UK Banks: Income and Expenditure (IE): Net Income: Total data was reported at -1,643.000 GBP mn in Dec 2024. This records an increase from the previous number of -3,940.000 GBP mn for Sep 2024. United Kingdom UK Banks: Income and Expenditure (IE): Net Income: Total data is updated quarterly, averaging 3,473.000 GBP mn from Mar 1998 (Median) to Dec 2024, with 108 observations. The data reached an all-time high of 12,865.000 GBP mn in Dec 2009 and a record low of -8,602.000 GBP mn in Mar 2024. United Kingdom UK Banks: Income and Expenditure (IE): Net Income: Total data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB062: UK Banks Income and Capital Expenditure.
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This report sizes the opportunity within the UK wealth market and analyzes the investment preferences, service requirements, and portfolio allocations of UK HNW investors. The report is based on our proprietary Global Wealth Managers Survey. Read More
(CDID: NMNX) Year - UK National Accounts, The Blue Book time series Datasets for each of the chapters in The Blue Book 2023 including the national accounts at a glance, financial and non-financial corporations, households and non-profit institutions serving households and summary supply and use tables.
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UK: Foreign Assets: Net data was reported at 403,959.000 GBP mn in 2017. This records an increase from the previous number of 372,777.000 GBP mn for 2016. UK: Foreign Assets: Net data is updated yearly, averaging -4,883.500 GBP mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 403,959.000 GBP mn in 2017 and a record low of -82,165.000 GBP mn in 2004. UK: Foreign Assets: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Net Foreign Assets. Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. Data are in current local currency.; ; International Monetary Fund, International Financial Statistics and data files.; ;
In 2023, the number of individuals living in the United Kingdom (UK) with a net worth of over 30 million U.S. dollars excluding the value of their primary residence was more than 23,000 people. This number is expected to grow to over 28,700 by 2028.