In 2023, 225,000 individuals with net assets of at least 30 million U.S. dollars were residing in the United States, by far the highest number of any country. By comparison, China, which had the second highest number of ultra high net worth individuals (UHNWIs), had less than 100,000 individuals with assets amounting to 30 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.
Number of ultra high net worth individuals in selected countries in 2023
Characteristic
Number of individuals with assets exceeding 30 million U.S. dollars
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Knight Frank. (March 6, 2024). Number of ultra high net worth individuals in selected countries in 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/204095/distribution-of-ultra-high-net-worth-individuals-for-selected-countries/
Knight Frank. "Number of ultra high net worth individuals in selected countries in 2023." Chart. March 6, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/204095/distribution-of-ultra-high-net-worth-individuals-for-selected-countries/
Knight Frank. (2024). Number of ultra high net worth individuals in selected countries in 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/204095/distribution-of-ultra-high-net-worth-individuals-for-selected-countries/
Knight Frank. "Number of Ultra High Net worth Individuals in Selected Countries in 2023." Statista, Statista Inc., 6 Mar 2024, https://www.statista.com/statistics/204095/distribution-of-ultra-high-net-worth-individuals-for-selected-countries/
Knight Frank, Number of ultra high net worth individuals in selected countries in 2023 Statista, https://www.statista.com/statistics/204095/distribution-of-ultra-high-net-worth-individuals-for-selected-countries/ (last visited November 22, 2024)
Number of ultra high net worth individuals in selected countries in 2023 [Graph], Knight Frank, March 6, 2024. [Online]. Available: https://www.statista.com/statistics/204095/distribution-of-ultra-high-net-worth-individuals-for-selected-countries/
