The United States had the highest number of ultra wealthy individuals in 2022. In that year, there were nearly ******* ultra wealthy individuals in the country, while in China (excluding Hong Kong) there were ****** ultra wealthy individuals.

In 2023, ******* individuals with net assets of at least ** million U.S. dollars were residing in the *************, by far the highest number of any country. By comparison, *****, which had the second highest number of ultra high net worth individuals (UHNWIs), had less than 100,000 individuals with assets amounting to ** million U.S. dollars or more.Place of residence of ultra high net worth individuals The residency of almost half of the world’s ultra high net worth individuals in the United States explains the dominance of North America in regard to the number of ultra high net worth individuals by region. Hong Kong was the city with the most UHNWIs in 2022, followed by New York, London, and Los Angeles. Source of wealth and gender differences A majority of the world's UHNWIs are self-made. However, looking at billionaires, there is a clear difference between men and women; whereas a majority of billionaire men were self-made, a majority of the women had inherited their fortune.

As of 2023, Germany had the highest number of individuals with a net worth of over 30 million U.S. dollars excluding the value of their primary residence. This trend is expected to continue with 2028 forecasts predicting that over ****** individuals living in Germany will be considered as Ultra High Net Worth individuals (UHNWIs). Portugal had some of the lowest numbers of UHNWI with 2028 forecasts reaching ***** individuals.

In 2021, the number of ultra high net worth individuals (UHNWIs) in China amounted to approximately ***** thousand. The number of UHNWIs in the country was projected to increase significantly, reaching around ***** thousand by 2026. In comparison, Southeast Asia's most populous country Indonesia had just over *** thousand ultra high net worth individuals in 2021, a number which was set to increase slightly over the next years. Thailand was the only country in the region where the number of UHNWIs was projected to decrease until 2026.China also had the highest overall number of high net worth individuals (HNWIs) in APAC that year.

Cities in the United States dominate the list of cities with the highest number of ultra-high net worth individuals (UHNWI) in 2023. This comes as no surprise, as it is the country with the highest number of UHNWIs. New York had ****** individuals with a net worth exceeding ** million U.S. dollars, followed by Hong Kong with ****** individuals.

The Europe Wealth Management Market is Segmented by Client Wealth Tier (UHNWI, HNWI, and More), Mode of Advisory (Human Advisory, and Robo-Advisory), Firm Type (Private Banks, Family Offices, and More), Product Type (Fixed Income, Equities, and More), Management Source (Offshore, and Onshore), and Country (United Kingdom, Germany and More). The Market Forecasts are Provided in Terms of Value (USD).

The number of high and ultra-high net worth individuals (HNWI and UHNWI) in Sweden increased steadily since 2016. While there were ******* individuals with a fortune of over *********** U.S. dollars in the Scandinavian country in 2016, this had increased to over ******* in 2021. This was expected to reach over ******* by 2026. Of the Swedish millionaires in 2021, roughly ***** had a fortune of more than ********** U.S. dollars.

In 2023, there were over ***** ultra-high-net-worth individuals (UHNWI) in Turkey, which highlighted a growth of nearly ** percent over the previous year. Individuals owning assets worth more than ** million U.S. dollars were considered UHNWI. These figures are estimated to reach ***** UHNWI by 2028 in the country.

In 2020, Germany had the highest collective wealth of ultra high net worth individuals in Europe, at over 1.9 trillion U.S dollars, followed by France at 1.16 trillion dollars, and the United Kingdom at 1.02 trillion dollars.

In 2021, the Philippines had about 313 ultra-high net worth individuals (UHNWI). It was projected that in 2026, the number of ultra-high net worth individuals in the country will be 441.

In 2016, there were five thousand millionaires in Sri Lanka. This figure was estimated to reach ** thousand by 2026. In comparison, the country had ** ultra high net worth individuals (UHNWI) and ** centa-millionaires in that year. In 2018, there were about **** million millionaires, also called high net worth individuals (HNWI), in the Asia Pacific region.

Richest people in Sri Lanka

One of Sri Lankan’s richest people is Dhammika Pereras, a businessman who is owning about ** companies in various sectors and whose estimated fortune amounts to *** million U.S. dollars. He is followed by Sohli and Rusi captain, a family that is the largest shareholder of John Keells Holdings and Chemical Industries Colombo with a fortune of around *** million U.S. dollars.

Sri Lanka

The population in Sri Lanka amounted to approximately **** million in 2017. Sri Lanka’s economy has been developing in the past years, with a GDP growing at **** percent in 2017. Sri Lanka’s largest sector in terms of GDP contribution is the services sector. About ***** percent of the employees were active in the services sector in 2018. The government was able to reduce the poverty level in the past years. Nevertheless, the country’s GDP per capita is still only relatively moderate compared to other Asia Pacific countries.