Asset allocation of high net worth individuals in North America 2024
The largest share of assets held by high net worth individuals (HNWIs) in North America in 2024 was cash and cash equivalents, which accounted for 24 percent of the total assets held by HNWIs in the United States and Canada that year. North America is the region with both the highest assets of HNWIs, and with the highest number of HNWIs.
Who is considered a HNWI?
To be considered a HNWI, their financial assets must exceed at least one million U.S. dollars. In addition to HNWIs, the term ultra-high net worth individuals (UHNWIs) refer to individuals with financial assets of at least 30 million U.S. dollars. The highest number of UHNWIs in the world are also found in North America, with more than 190,000 individuals.
How many HNWIs are there in the U.S.?
Most of the leading position of North America in terms of number and assets of HNWIs and UHNWIs is attributed to the United States. The number of UHNWIs in the United States reaches almost 110,900 individuals, which is almost four times as many as in China, the country with the second highest number of UHNWIs.
