Industry Research

What Luxury Brands Can Learn From The 2015 Wealth Report

Posted on March 11, 2015

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

Related Topics: building your clientele, business trends, client demographics, luxury market trends, VIP service, wealthy clients

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