Know your clients: The super rich will grow by 25% in the U.S. between now and 2024.
Despite economic headwinds, Ultra High Net Worth (UHNW) wealth continues to rise. Knight Frank estimates that there are 172,850 UHNW individuals globally, representing a 3% increase in the number from 2013 to 2014.
In terms of sheer numbers, the US will still be the dominant force in terms of its ultra-wealthy population in 2024, with the data forecasting a 25% increase in UHNWI numbers to almost 51,000, the biggest concentration in any single country.
Luxury Society article here
Knight Frank Wealth Report