Barrons (January 3)
2013/ 01/ 04 by jd in Global News
During the 2012 “ebb and flow of fortunes,” several shifts took place among ultra high net worth (UHNW) individuals. UHNW individuals have a net worth of $30 million and up, and their numbers increased by 0.6% to 187,380 in 2012. Their $25.8 trillion in combined wealth “is roughly double the U.S.’s GDP.” In general, UHNW individuals did better during 2012 in the U.S., where fortunes were up, than in Asia, which lost 2.1% of its UHNW members and 6.8% of its collective net worth. Australia, New Zealand and the rest of Oceania witnessed “the highest percentage of growth in its UHNW population, up an impressive 5.9%,” with overall wealth rising 4.4%.
