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.

The United States had the highest number of ultra wealthy individuals in 2022. In that year, there were nearly 130,000 ultra wealthy individuals in the country, while in China (excluding Hong Kong) there were 47,000 ultra wealthy individuals.

In 2021, the number of ultra high net worth individuals (UHNWIs) in China amounted to approximately 93.85 thousand. The number of UHNWIs in the country was projected to increase significantly, reaching around 133.5 thousand by 2026. In comparison, Southeast Asia's most populous country Indonesia had just over 1.4 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.

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.

The United States is leading the ranking by number of high networth individuals , recording 26.9 million individuals. Following closely behind is China with 13.9 million individuals, while Lesotho is trailing the ranking with 0 thousand individuals, resulting in a difference of 26.9 million individuals to the ranking leader, the United States. High Net Worth Individuals are here defined as persons with investible assets of at least one 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 150 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).

In 2023, Germany had the highest collective wealth of ultra high net worth individuals in Europe, at over 2,624 billion U.S dollars, followed by United Kingdom (UK) at 1,592 billion dollars.

In 2023, by far the highest number of individuals with net assets of at least 30 million U.S. dollars worldwide were residing in North America, reaching over 250,000 people. Asia recorded the second highest number of UHNWIs in the world with over 165,000 individuals.A small share owns vast sums of wealthThe vast majority of global wealth is concentrated in the hands of a few people. Only one percent of the global population owns assets worth more than one million U.S. dollars. The richest people in the world are Elon Mask, Jeff Bezos, and Bernard Arnault. When it comes to women, Francoise Bettencourt Meyers led the ranking of the most affluent women worldwide. The wealth of over 70 percent of UHNWIs was self-made. Where UHNWIs live and where they leave Unsurprisingly, as North America is the world region with the highest number of UHNWIs, the United States is the country with the highest UHNWI count. However, Hong Kong, special administrative (SAR) region in China, is the city with the highest number of UHNWIs. Nevertheless, China was the country that recorded the highest outflux of UHNWIs in 2022.

In 2023, there were over 1,900 ultra-high-net-worth individuals (UHNWI) in Turkey, which highlighted a growth of nearly 10 percent over the previous year. Individuals owning assets worth more than 30 million U.S. dollars were considered UHNWI. These figures are estimated to reach 2,760 UHNWI by 2028 in the country.

The share of ultra high net worth individuals (those who have above 30 million euros in assets) subjected to the wealth tax (Patrimonio) in Spain has been decreased gradually from 2011 to 2019. In 2021, 36.9 percent of UHNWIs paid the wealth tax, almost 12 percent less than at the beginning of the period analyzed. The Community of Madrid is the only region in the Mediterranean country that offers a 100 percent tax exemption, meaning that no resident of this region has to pay any wealth tax. It is therefore a common way for wealthy individuals to avoid wealth taxes.

Ultra-high net worth individuals (UHNWI) are typically defined as individuals who have a net worth of more than 30 million U.S. dollars. In 2022, the total value of the art and collectible wealth of UHNWI worldwide amounted to approximately 2.17 trillion U.S. dollars. That year, North America accounted for the highest share of the market, with around 873 billion U.S. dollars in UNHWI art and collectible wealth. This figure was forecast to reach an estimated 1.1 trillion U.S. dollars in 2026. The global auction market An important segment of the global art market, auctions are among the most common ways to acquire valuable artworks, antiques, and collectibles. In 2022, the sales value at public auctions of art and antiques worldwide reached nearly 27 billion U.S. dollars. When breaking down global public auction sales by country, the United States, China, and the United Kingdom emerged as the leading markets in 2022, generating together more than 75 percent of public auction sales worldwide. What are the biggest auction houses in the world? Christie's and Sotheby's, two auction houses founded in the UK in the 1700s, currently dominate the market, ranking as the auction houses with the highest sales value worldwide in 2022. That year, Heritage Auctions and Phillips, another auction house originally founded in the UK in the 18th century, followed in the ranking. In 2022, global sales of Phillips totaled 1.3 billion U.S. dollars, the highest figure reported by the company to date.

The number of high and ultra-high net worth individuals (HNWI and UHNWI) in Sweden increased steadily since 2016. While there were 288,000 individuals with a fortune of over one million U.S. dollars in the Scandinavian country in 2016, this had increased to over 573,000 in 2021. This was expected to reach over 980,000 by 2026. Of the Swedish millionaires in 2021, roughly 6,400 had a fortune of more than 30 million U.S. 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.

Australia had over 20 thousand ultra-high-net-worth individuals (UHNWI) in 2021, more than double the number of UHNWIs reported five years earlier in 2016. This number was estimated to rise to over 27 thousand individuals by 2026 in the country.

In 2021, the population with high and ultra-high net worth in Russia increased relative to the previous year, measuring at approximately 311.9 thousand and 6.2 thousand individuals, respectively, For 2026, the estimates forecast a further increase.

Average income in Russia

The average per capita monthly income in Russia has been gradually increasing, estimated at nearly 39.9 thousand Russian rubles in 2021. The largest share, or over one quarter of the employed population, earned between 27 thousand and 45 thousand Russian rubles per month in 2021.

Russia’s super rich

Less than six percent of Russians had a monthly income of over 100 thousand Russian rubles in 2021. Among them were members of the Bakalchuk family, the richest in the country by total compound assets. The total wealth of its members, who managed the e-commerce company Wildberries, was estimated at 13.1 billion U.S. dollars as of July 2021. To compare, the total declared income of the President of Russia Vladimir Putin was reported at about 10 million Russian rubles in 2020.

In 2023, the number of ultra-high net worth Individuals (UHNWIs) in Thailand amounted to nearly 890 individuals. For 2028, it is forecast that the number of multi-millionaires in the country will increase to around 1,000 individuals.

In 2023, Vietnam had around 752 Ultra High Net Worth Individuals (UHNWIs), a slight increase from the previous year. By 2028, the number of UHNWIs in the country was forecasted to reach 978.

In 2016, there were five thousand millionaires in Sri Lanka. This figure was estimated to reach 13 thousand by 2026. In comparison, the country had 80 ultra high net worth individuals (UHNWI) and 10 centa-millionaires in that year. In 2018, there were about 6.07 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 23 companies in various sectors and whose estimated fortune amounts to 550 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 250 million U.S. dollars.

Sri Lanka

The population in Sri Lanka amounted to approximately 21.4 million in 2017. Sri Lanka’s economy has been developing in the past years, with a GDP growing at 3.11 percent in 2017. Sri Lanka’s largest sector in terms of GDP contribution is the services sector. About 45.77 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.