ultra wealthy

High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth (assets such as stocks and bonds) exceeds a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million. "Very-HNWI" (VHNWI) can refer to someone with a net worth of at least US$5 million. As of December 2022, there were estimated to be just over 15 million HNWIs in the world according to the World's Wealthiest Cities Report 2023 by Henley & Partners. The United States had the highest number of HNWIs (5.3 million) of any country, whilst New York is the wealthiest city with 340,000 HNWIs.The Capgemini World Wealth Report 2020 defines an additional class of Ultra-high-net-worth individuals (UHNWI), those with US$30 million in investible assets in constant 2018 dollars. Other sources such as Credit Suisse define UHNWI as adults with wealth above US$50 million. It is the wealth segment above very-high-net-worth individuals (greater than $5 million) and high-net-worth-individuals (greater than $1 million). Although they constitute only 0.003% of the world's population (less than 1 in 33,000), they hold 13% of the world's total wealth. By 2017, there were 226,450 individuals designated as UHNWI, representing an increase of 3.5%, with their combined total wealth increasing to $27 trillion. Billionaires are a special category of UHNWI, having net worth in excess of US$1 billion.

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