In 2024, North America had the highest number of high-net-worth individuals, with 8.45 million HNWIs living there. In Asia Pacific, there were also 7.59 billion HNWIs registered in 2024. High-net-worth individuals (HNWIs) are people with wealth exceeding one million U.S. dollars.

The United States is leading the ranking by number of high networth individuals , recording **** million individuals. Following closely behind is China with **** million individuals, while Lesotho is trailing the ranking with * thousand individuals, resulting in a difference of **** million individuals to the ranking leader, the United States. High Net Worth Individuals are here defined as persons with investible assets of at least *********** U.S. dollars in current exchange rate terms.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

This statistic shows the number of ultra high-net worth individuals in Germany in 2013, 2014, 2016 and 2017. The ultra wealthy population of Germany decreased between 2014 and 2016 from over ** thousand to approximately **** thousand, however there was a period of growth in 2017 when the the number of ultra high-net worth individuals increased to over ** thousand.

In 2021, the number of high net worth individuals (HNWIs) in China amounted to over **** million. The number of HNWIs in the country was projected to increase significantly, reaching more than ** million by 2026. In comparison, Southeast Asia's most populous country Indonesia had just over ** thousand high net worth individuals in 2021.China also had the highest number of ultra high net worth individuals (UHNWIs) in APAC that year.

A variety of datasets for analysis of High Wealth individuals to assist HMRC's High Net Worth Unit in maintaining and refining its population. Matches 10 years of Inheritance Tax Data to the relevant in-life SA data. Updated: ad hoc.

According to Cognitive Market Research, the global Insurance For Insurance For High Net Worth Individual (HNWIs) market size was USD 103514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 41405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 31054.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23808.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5175.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2070.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Non-Life Insurance Type held the highest Insurance For Insurance For High Net Worth Individual (HNWIs) market revenue share in 2024.

Market Dynamics of Insurance For Insurance For High Net Worth Individual (HNWIs) Market

Key Drivers for Insurance For Insurance For High Net Worth Individual (HNWIs) Market

Increasing Wealth Concentration to Increase the Demand Globally

Increasing wealth concentration is driving the Insurance for High Net Worth Individuals (HNWIs) Market as the global population of affluent individuals continues to grow, particularly in emerging markets. As HNWIs accumulate more wealth, they acquire high-value assets such as luxury properties, art, yachts, and private jets, which require specialized insurance coverage. This wealth concentration also leads to a greater awareness of the need for comprehensive risk management strategies, prompting HNWIs to seek bespoke insurance products that offer protection tailored to their unique portfolios. Additionally, as wealth is concentrated in fewer hands, the demand for sophisticated financial services, including personalized insurance solutions, rises, further fueling market growth. This trend is particularly pronounced in regions with rapid economic expansion and wealth generation.

Growing Demand of Luxury Asset Protection to Propel Market Growth

The growing demand for luxury asset protection is a significant driver of the Insurance for High Net Worth Individuals (HNWIs) Market. As HNWIs invest in high-value assets like luxury real estate, fine art, yachts, and rare collectibles, the need for specialized insurance coverage to protect these investments increases. These assets are often subject to unique risks, such as theft, damage, or market fluctuations, requiring tailored insurance products that offer comprehensive protection. Additionally, the rising value of luxury assets over time amplifies the potential financial loss in the event of an incident, further motivating HNWIs to seek out customized insurance solutions. This trend is particularly strong in regions with growing luxury markets, where the affluent are increasingly focused on safeguarding their valuable possessions.

Restraint Factor for the Insurance For Insurance For High Net Worth Individual (HNWIs) Market

High Premium Costs to Limit the Sales

High premium costs are a significant restraint in the Insurance for High Net Worth Individuals (HNWIs) Market. These specialized insurance products are tailored to cover luxury assets and unique risks, which often involve extensive underwriting and risk assessment processes. As a result, the premiums for such policies can be substantially higher than standard insurance, making them less accessible even for wealthy individuals. This can lead to potential clients being deterred by the cost, especially in markets where economic conditions may cause HNWIs to be more cautious with their spending. Additionally, the perception that these high premiums may not justify the benefits provided can further limit demand, particularly among those who are less familiar with the advantages of customized insurance solutions.

Impact of Covid-19 on the Insurance For Insurance For High Net Worth Individual (HNWIs) Market

COVID-19 has impac...

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.

Ultra-High-Net-Worth Advisory Market Outlook

According to our latest research, the global Ultra-High-Net-Worth (UHNW) Advisory market size reached USD 38.6 billion in 2024 and is set to grow at a robust CAGR of 9.2% during the forecast period, culminating in a projected market value of USD 85.5 billion by 2033. This impressive growth trajectory is primarily fueled by the increasing global population of ultra-high-net-worth individuals, the expanding complexity of asset portfolios, and the rising demand for personalized wealth management solutions. As per our latest analysis, the market is undergoing significant transformation, driven by digital innovation, regulatory changes, and shifting client expectations.

The most significant growth factors shaping the Ultra-High-Net-Worth Advisory market include the rapid expansion of global wealth, especially in emerging economies, and the increasing sophistication of client needs. The number of individuals with assets exceeding USD 30 million continues to rise, particularly in Asia Pacific and North America, leading to heightened demand for highly customized financial solutions. The growing complexity of global investment environments, including cross-border taxation, regulatory compliance, and risk management, necessitates a more nuanced and holistic approach to wealth advisory, propelling the sector forward. Additionally, the ongoing transfer of wealth between generations is prompting a surge in estate planning, philanthropic advisory, and succession planning services, all of which are integral to UHNW advisory offerings.

Technological advancements are playing a pivotal role in accelerating the market’s growth. Digital platforms, artificial intelligence, and advanced analytics are enabling advisory firms to deliver more personalized, data-driven advice at scale. These innovations are not only enhancing operational efficiencies but are also improving client engagement and satisfaction. Furthermore, the increasing adoption of hybrid advisory models—combining human expertise with digital tools—is broadening the market’s reach, making it possible to serve a more diverse and geographically dispersed clientele. The integration of ESG (environmental, social, and governance) considerations into investment strategies is also emerging as a key differentiator, as UHNW clients seek to align their portfolios with their values and long-term societal impact goals.

Another critical growth driver is the evolving regulatory landscape. Heightened scrutiny on anti-money laundering (AML), know-your-customer (KYC) protocols, and tax transparency is compelling advisory firms to invest in compliance infrastructure and expertise. While this presents challenges, it also creates opportunities for firms with robust governance frameworks to build trust and attract new clients. The increasing globalization of wealth, with assets often spread across multiple jurisdictions, underscores the need for advisory firms to offer integrated, cross-border solutions. This dynamic is particularly evident in the rising demand for family office services, as UHNW individuals and families seek to consolidate their wealth management, tax, and legal advisory under a single, trusted provider.

From a regional perspective, North America continues to dominate the Ultra-High-Net-Worth Advisory market, accounting for the largest share of global assets under management. However, Asia Pacific is witnessing the fastest growth, fueled by a surge in new wealth creation in China, India, and Southeast Asia. Europe remains a key market, particularly for cross-border advisory and legacy planning, while the Middle East and Latin America are emerging as important growth frontiers, driven by economic diversification and the rise of family-owned enterprises. Each region presents unique challenges and opportunities, necessitating tailored strategies for market entry and expansion.

Service Type Analysis

The Ultra-High-Net-Worth Advisory market is segmented by service type into wealth management, investment advisory, tax planning, estate planning, philanthropic advisory, and others. Wealth management remains the cornerstone service, encompassing portfolio management, asset allocation, and risk mitigation strategies tailored to the unique needs of UHNW clients. The growing complexity of global financial markets and the proliferation of alternative asset classes—such as private equity, hedge funds, and real estate—are drivi

Asset And Wealth Management Market size was valued at USD 111.8 Trillion in 2024 and is projected to reach USD 153.01 Trillion by 2032, growing at a CAGR of 4% during the forecast period. i.e., 2026-2032.Global Asset And Wealth Management Market DriversThe market drivers for the Asset And Wealth Management Market can be influenced by various factors. These may include:Growing High Net Worth Individual Population: Expanding global wealth concentration is creating larger pools of affluent investors seeking professional management services. Additionally, this demographic shift is generating increased demand for personalized investment strategies and sophisticated financial planning solutions.Aging Demographics and Retirement Planning: Rising life expectancies are pushing individuals toward longer-term wealth preservation strategies and retirement income solutions. Furthermore, this demographic transition is creating sustained demand for advisory services that address complex estate planning and intergenerational wealth transfer needs.

In 2021, there were around about *** million high net worth individuals individuals in North America. High net worth individuals are those with financial assets worth at least *** ******* U.S. dollars.

Graph and download economic data for Net Worth Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1246) from Q3 1989 to Q2 2025 about net worth, wealth, percentile, Net, and USA.

Discover the booming family office industry, projected to reach $31.78 billion by 2033 with a CAGR of 6.52%. This in-depth analysis explores market drivers, trends, and regional breakdowns, including key players like Cascade Investment and Goldman Sachs. Learn about single, multi, and virtual family office models and investment strategies. Recent developments include: March 2023 - Cascade Partners acquired BlueWater Partners LLC, based in Grand Rapids, MI. This partnership brought together two firms dedicated to client service, increasing their capacity and offering a wide range of consulting services, including restructuring and performance improvements., October 2022 - BDT & Company Holdings and MSD Partners signed a business combination agreement to establish an advisory and investment firm. This new entity will cater to the unique requirements of family and founder-led business owners and strategic, long-term investors.. Key drivers for this market are: Demand for Customzied Solution, Growth In The Number of High Networth Individuals Across Regions. Potential restraints include: Demand for Customzied Solution, Growth In The Number of High Networth Individuals Across Regions. Notable trends are: Single-Family Offices Represent the Largest Segment of the Market.

Wealth Management Market Outlook

According to our latest research, the global wealth management market size reached USD 1.62 trillion in 2024, reflecting the robust expansion of digital advisory platforms and evolving client expectations. The market is expected to grow at a CAGR of 8.2% from 2025 to 2033, reaching a forecasted value of USD 3.17 trillion by 2033. This impressive growth is primarily fueled by the increasing adoption of technology-driven advisory models, a surge in high-net-worth individuals (HNWIs), and the rising demand for personalized financial planning solutions worldwide.

One of the primary growth factors driving the wealth management market is the rapid digital transformation across the financial services industry. The proliferation of advanced analytics, artificial intelligence (AI), and machine learning has enabled wealth managers to offer highly personalized investment advice and portfolio management. Clients now expect seamless digital experiences, real-time portfolio monitoring, and robust risk management tools, all of which are facilitated by modern fintech solutions. As a result, both traditional and new entrants in the market are investing heavily in technology to enhance client engagement, streamline operations, and deliver superior outcomes. The shift towards hybrid advisory models, which combine human expertise with robo-advisory capabilities, has further expanded the market’s reach and appeal to a broader demographic, including younger, tech-savvy investors.

Another significant growth driver is the global increase in personal wealth, particularly among emerging markets. The number of high-net-worth individuals is rising steadily, especially in Asia Pacific and the Middle East, creating a substantial pool of clients seeking sophisticated wealth management services. Additionally, the growing complexity of financial products and regulatory environments has heightened the need for professional advisory services. Clients are increasingly seeking holistic solutions that encompass not only investment management but also retirement planning, estate planning, and tax optimization. This trend is compelling wealth management providers to broaden their service offerings and develop specialized expertise to cater to diverse client needs, further propelling market growth.

Regulatory changes and evolving client expectations are also shaping the wealth management landscape. Governments and regulatory bodies across the globe are implementing stricter compliance requirements to ensure transparency and protect investor interests. While this has increased operational complexities for wealth management firms, it has also fostered trust and credibility in the industry. Simultaneously, clients are demanding greater transparency in fee structures, performance reporting, and ethical investment practices. The integration of environmental, social, and governance (ESG) criteria into investment strategies is gaining traction, reflecting a broader shift towards sustainable and responsible investing. These factors are collectively driving innovation and fostering a more client-centric approach within the wealth management sector.

From a regional perspective, North America continues to dominate the wealth management market, accounting for the largest share in terms of both assets under management (AUM) and client base. The region benefits from a mature financial ecosystem, high levels of disposable income, and a strong presence of leading wealth management firms. However, Asia Pacific is emerging as the fastest-growing market, driven by rapid economic development, urbanization, and the rising affluence of its population. Europe remains a key market, characterized by a well-established regulatory framework and increasing demand for sustainable investment solutions. Meanwhile, the Middle East and Latin America are witnessing gradual growth, supported by economic diversification efforts and increasing financial literacy. These regional dynamics are expected to shape the competitive landscape and influence strategic priorities for wealth management providers over the forecast period.

The high and ultra-high population in Poland grew steadily throughout time and is expected to increase approximately *** percent and ** percent by 2026 in comparison to 2021, respectively.

The global insurance market for High Net Worth Individuals (HNWIs) is experiencing robust growth, driven by increasing wealth concentration, rising awareness of sophisticated risk management strategies, and a growing demand for personalized insurance solutions. This market, estimated at $500 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $900 billion by the end of the forecast period. Several factors contribute to this growth, including the expanding HNW population across emerging economies like Asia and a heightened need for protection against complex liabilities such as professional indemnity, cyber risks, and reputational damage. The market is segmented by application (Ultra HNWIs, Mid-Tier Millionaires, Millionaires Next Door) and by type of insurance, encompassing Life, Non-Life (including Homeowner's, Personal Excess Liability, Auto, Watercraft, and Professional Liability), reflecting the diverse insurance needs of this affluent demographic. Distribution channels also play a role, with a mix of direct insurers, independent brokers, and private wealth management firms serving this clientele. The competitive landscape is characterized by a mix of global insurance giants and specialized firms catering specifically to HNWI needs. Companies such as MetLife, Prudential, Swiss Life, and AIG are major players, alongside regional insurers and specialized brokers who focus on providing tailored solutions. The future of this market hinges on technological advancements, with Insurtech companies offering innovative products and services, enhanced data analytics for better risk assessment, and personalized digital experiences. Furthermore, the increasing demand for sustainable and socially responsible insurance options, alongside growing regulatory scrutiny, will influence the industry's future trajectory. The regional distribution of the market is geographically diverse, with North America and Europe currently holding significant market shares, but Asia-Pacific is poised for substantial growth, mirroring the expansion of its HNW population and increasing wealth concentration in the region.

About this dataset

Context

The dataset presents the detailed breakdown of the count of individuals within distinct income brackets, categorizing them by gender (men and women) and employment type - full-time (FT) and part-time (PT), offering valuable insights into the diverse income landscapes within High Bridge. The dataset can be utilized to gain insights into gender-based income distribution within the High Bridge population, aiding in data analysis and decision-making..

Key observations

• Employment patterns: Within High Bridge, among individuals aged 15 years and older with income, there were 1,375 men and 1,338 women in the workforce. Among them, 750 men were engaged in full-time, year-round employment, while 658 women were in full-time, year-round roles.
• Annual income under $24,999: Of the male population working full-time, 0.93% fell within the income range of under $24,999, while 5.47% of the female population working full-time was represented in the same income bracket.
• Annual income above $100,000: 30.40% of men in full-time roles earned incomes exceeding $100,000, while 40.73% of women in full-time positions earned within this income bracket.
• Refer to the research insights for more key observations on more income brackets ( Annual income under $24,999, Annual income between $25,000 and $49,999, Annual income between $50,000 and $74,999, Annual income between $75,000 and $99,999 and Annual income above $100,000) and employment types (full-time year-round and part-time)

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• $1 to $2,499 or loss
• $2,500 to $4,999
• $5,000 to $7,499
• $7,500 to $9,999
• $10,000 to $12,499
• $12,500 to $14,999
• $15,000 to $17,499
• $17,500 to $19,999
• $20,000 to $22,499
• $22,500 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $54,999
• $55,000 to $64,999
• $65,000 to $74,999
• $75,000 to $99,999
• $100,000 or more

Variables / Data Columns

• Income Bracket: This column showcases 20 income brackets ranging from $1 to $100,000+..
• Full-Time Males: The count of males employed full-time year-round and earning within a specified income bracket
• Part-Time Males: The count of males employed part-time and earning within a specified income bracket
• Full-Time Females: The count of females employed full-time year-round and earning within a specified income bracket
• Part-Time Females: The count of females employed part-time and earning within a specified income bracket

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for High Bridge median household income by race. You can refer the same here

Private banks have grown recently as wealth managers have capitalized on the growing number of millionaires in emerging markets. The relative strength of the US economy has propelled private banks, as wealthy individuals worldwide have sought to park their wealth in secure assets like urban real estate. Even amid volatility in capital markets due to the pandemic at the onset of the period, rampant inflation and significant interest rate hikes, market accumulation during the period has spurred growth. Overall, the need for private banking services has increased as the global number of high-net-worth and ultra-high-net-worth individuals has grown. Industry-wide revenue has been growing at a CAGR of 7.3% to $114.7 billion over the past five years, including an expected jump of 6.8% in 2025 alone. Industry profit has also grown and comprises 39.2% of revenue in the same year. Higher interest rates have increased interest income from fixed-income securities such as bonds and higher asset values due to the growth of the S&P 500 have increased performance fees, boosting profit. A key theme driving growth is the rise of globalization. During the period, wealthy individuals expanded in regions outside the US, most notably the Asia-Pacific region. In turn, wealth managers have increasingly engaged in cross-border wealth management practices to push up assets under management. The Russia-Ukraine conflict and conflict in the Middle East, compounded by rising interest rates in the latter part of the period, induced volatility in capital markets, driving clients to private banks. However, in 2024, the Federal Reserve cut interest rates and is anticipated to cut rates further in the near future, which will maintain volatility in capital markets. Private banks will enjoy interest rate cuts and capital market growth over the next five years. Profit will creep downward as interest rates will fall compared to the current period. Reduced interest rates give private banks fewer margins from loans and deposits, resulting in limited growth. High competition among private banks will spur increased investment in value-added services to attract clients. Overall, industry revenue is forecast to grow at a CAGR of 0.7% to $119.0 billion over the five years to 2030.

The number of high networth individuals in Chile was forecast to continuously increase between 2024 and 2029 by in total **** thousand individuals (+***** percent). After the eighth consecutive increasing year, the number of individuals is estimated to reach ****** thousand individuals and therefore a new peak in 2029. High Net Worth Individuals are here defined as persons with investible assets of at least *** million U.S. dollars in current exchange rate terms.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the number of high networth individuals in countries like Paraguay and Uruguay.

About this dataset

Context

The dataset presents the detailed breakdown of the count of individuals within distinct income brackets, categorizing them by gender (men and women) and employment type - full-time (FT) and part-time (PT), offering valuable insights into the diverse income landscapes within Central High. The dataset can be utilized to gain insights into gender-based income distribution within the Central High population, aiding in data analysis and decision-making..

Key observations

• Employment patterns: Within Central High, among individuals aged 15 years and older with income, there were 499 men and 464 women in the workforce. Among them, 289 men were engaged in full-time, year-round employment, while 211 women were in full-time, year-round roles.
• Annual income under $24,999: Of the male population working full-time, 1.38% fell within the income range of under $24,999, while 45.50% of the female population working full-time was represented in the same income bracket.
• Annual income above $100,000: 24.22% of men in full-time roles earned incomes exceeding $100,000, while 1.90% of women in full-time positions earned within this income bracket.
• Refer to the research insights for more key observations on more income brackets ( Annual income under $24,999, Annual income between $25,000 and $49,999, Annual income between $50,000 and $74,999, Annual income between $75,000 and $99,999 and Annual income above $100,000) and employment types (full-time year-round and part-time)

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• $1 to $2,499 or loss
• $2,500 to $4,999
• $5,000 to $7,499
• $7,500 to $9,999
• $10,000 to $12,499
• $12,500 to $14,999
• $15,000 to $17,499
• $17,500 to $19,999
• $20,000 to $22,499
• $22,500 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $54,999
• $55,000 to $64,999
• $65,000 to $74,999
• $75,000 to $99,999
• $100,000 or more

Variables / Data Columns

• Income Bracket: This column showcases 20 income brackets ranging from $1 to $100,000+..
• Full-Time Males: The count of males employed full-time year-round and earning within a specified income bracket
• Part-Time Males: The count of males employed part-time and earning within a specified income bracket
• Full-Time Females: The count of females employed full-time year-round and earning within a specified income bracket
• Part-Time Females: The count of females employed part-time and earning within a specified income bracket

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Central High median household income by race. You can refer the same here