High Net Worth Individuals are concentrated in age groups, regions, and investment styles. Globally, the average age is 57, and while 52% of HNWIs are male, the female share varies—rising to 45% in North America and 28% among UHNWIs worldwide (up from 22% a decade ago). Next, explore where the fastest HNWI growth is happening in 2023 and how wealth is structured through portfolios dominated by equities, private equity, and real estate, plus the role of family offices.
Key Takeaways
- 52% of HNWIs are male globally in 2023.
- 45% of HNWIs in North America are female, the highest regional share.
- The average age of HNWIs is 57 years globally.
- The United States accounts for 40.2% of global UHNWIs in 2024.
- China hosts 10.5% of the world’s UHNWIs with 10,800 individuals in 2024.
- The UAE saw a 10% increase in UHNWIs to 4,430 in 2024.
- 55% of HNWIs allocate 20-40% of portfolio to equities.
- 42% of HNWIs increased private equity investments in 2023.
- Real estate comprises 27% of HNWI portfolios on average.
- In 2023, the global population of High Net Worth Individuals (HNWIs) with investable assets of USD 1 million or more reached 22.8 million, marking a 5.1% increase from 2022.
- The number of ultra-high-net-worth individuals (UHNWIs) with USD 30 million or more in investable assets grew by 4.2% in 2023 to 243,060 globally.
- Asia-Pacific saw the highest growth in HNWI population at 7.2% in 2023, adding over 1 million new HNWIs.
- Global HNWI wealth totaled USD 86.8 trillion in 2023, up 4.7% from 2022.
- UHNWIs held USD 33 trillion in wealth in 2023, representing 38% of global HNWI wealth despite being only 1% of the population.
- The top 1% of HNWIs (those with over USD 10 million) controlled 52% of all HNWI wealth in 2023.
Global HNWIs are rising, with the US, family offices, and equities and real estate driving ultra-wealth growth.
Related reading
01 · Category
Demographics20 stats
01
52% of HNWIs are male globally in 2023.
02
45% of HNWIs in North America are female, the highest regional share.
03
The average age of HNWIs is 57 years globally.
04
28% of UHNWIs are women, up from 22% a decade ago.
05
Millennials (under 40) represent 7% of global HNWIs but 10% of new millionaires.
06
In Asia, 38% of HNWIs are self-made entrepreneurs.
07
62% of HNWIs inherited at least part of their wealth.
08
Family offices manage wealth for 68% of UHNWIs.
09
35% of HNWIs are from tech industries.
10
Finance professionals comprise 22% of HNWIs.
11
Real estate is the source of wealth for 18% of HNWIs.
12
In Europe, 41% of HNWIs are over 65 years old.
13
15% of new HNWIs in 2023 were under 40.
14
76% of HNWIs have children, averaging 2.3 per family.
15
29% of UHNWIs are from non-Western backgrounds.
16
51% of HNWIs hold university degrees.
17
In the US, 48% of HNWIs are married with children.
18
12% of HNWIs are single parents.
19
67% of HNWIs identify as white/Caucasian globally.
20
23% of Asian HNWIs are women.
Interpretation
Demographics Interpretation
Under the Demographics lens, HNWI populations are still majority male globally at 52 percent but are becoming more balanced among higher tiers with 28 percent of UHNWIs being women, rising from 22 percent a decade ago.
02 · Category
Geographic Distribution20 stats
01
The United States accounts for 40.2% of global UHNWIs in 2024.
02
China hosts 10.5% of the world’s UHNWIs with 10,800 individuals in 2024.
03
The UAE saw a 10% increase in UHNWIs to 4,430 in 2024.
04
Monaco has the highest UHNWIs per capita with 1 in 56 residents in 2024.
05
Switzerland has 1 UHNW in every 1,384 residents, ranking high per capita.
06
New York City has 350,000 HNWIs, the most of any city globally in 2023.
07
The Bay Area (San Francisco) has 305,700 HNWIs.
08
Tokyo ranks third with 298,300 HNWIs in 2023.
09
London has 258,000 HNWIs, fourth globally.
10
Singapore has 244,800 HNWIs in 2023.
11
Los Angeles has 212,100 HNWIs.
12
Hong Kong has 143,400 HNWIs.
13
Beijing has 125,600 HNWIs in 2023.
14
Shanghai follows with 123,400 HNWIs.
15
Dubai has 68,000 HNWIs, growing rapidly.
16
Mumbai has 37,400 HNWIs in 2023.
17
Paris has 158,000 HNWIs.
18
48% of global wealth migration inflows went to the UAE in 2024.
19
Australia attracted USD 248 billion in HNWI wealth migration over the past decade.
20
82,500 millionaires are expected to move to the UAE by 2024.
Interpretation
Geographic Distribution Interpretation
Geographic distribution remains highly concentrated as the United States accounts for 40.2% of global UHNWIs in 2024 while smaller hubs like Monaco lead on per capita presence with 1 in 56 residents and New York City tops cities with 350,000 HNWIs in 2023.
03 · Category
Investment And Spending Behaviors21 stats
01
55% of HNWIs allocate 20-40% of portfolio to equities.
02
42% of HNWIs increased private equity investments in 2023.
03
Real estate comprises 27% of HNWI portfolios on average.
04
68% of UHNWIs use family offices for investments.
05
37% of HNWIs plan to invest more in alternatives like hedge funds in 2024.
06
Fixed income allocation averages 18% among HNWIs.
07
51% of HNWIs own luxury real estate abroad.
08
Annual luxury spending averages USD 250,000 per HNWI.
09
73% of HNWIs prioritize ESG in investments.
10
Cash holdings average 12% of portfolios.
11
45% of UHNWIs invest in private markets.
12
Art and collectibles make up 5-10% of UHNW portfolios.
13
62% of HNWIs use robo-advisors or digital tools.
14
Yacht ownership is held by 12% of UHNWIs.
15
39% plan to buy private jets in next 5 years.
16
Average superyacht value owned by UHNWIs is USD 25 million.
17
28% of HNWIs donate over 5% of wealth annually to philanthropy.
18
Crypto allocation averages 2% among HNWIs who invest.
19
71% seek tax-efficient structures for investments.
20
Education spending averages USD 150,000 per child annually for HNWIs.
21
34% of HNWIs portfolios are diversified across 5+ countries.
Interpretation
Investment And Spending Behaviors Interpretation
With equities taking 20 to 40 percent of portfolios for 55 percent of HNWIs and real estate averaging 27 percent, many HNWIs are balancing traditional allocations while leaning into alternatives and private equity, as shown by 42 percent increasing private equity in 2023 and 37 percent planning to invest more in alternatives in 2024.
More related reading
04 · Category
Population And Growth25 stats
01
In 2023, the global population of High Net Worth Individuals (HNWIs) with investable assets of USD 1 million or more reached 22.8 million, marking a 5.1% increase from 2022.
02
The number of ultra-high-net-worth individuals (UHNWIs) with USD 30 million or more in investable assets grew by 4.2% in 2023 to 243,060 globally.
03
Asia-Pacific saw the highest growth in HNWI population at 7.2% in 2023, adding over 1 million new HNWIs.
04
The United States had 7.43 million HNWIs in 2023, representing 38% of the global total and growing by 7.9% year-over-year.
05
From 2013 to 2023, the global HNWI population expanded by 67%, from 13.8 million to 22.8 million.
06
UHNWIs in North America increased by 8.3% in 2023, reaching 89,670 individuals with assets over USD 30 million.
07
Europe’s HNWI population grew by 4.1% in 2023 to 7.9 million, driven by wealth recovery in Western Europe.
08
Projections indicate the global HNWI population will reach 28.4 million by 2028, a 20% increase from 2023 levels.
09
In 2023, Latin America added 112,000 new HNWIs, a 4.7% growth rate despite economic volatility.
10
Middle East HNWI population surged 8.9% in 2023 to 1.2 million, fueled by oil wealth and diversification.
11
Africa’s HNWI count rose 12.5% in 2023 to 133,000, the fastest regional growth globally.
12
By 2028, UHNWIs are forecasted to grow 28% to 393,000 worldwide.
13
China’s HNWI population increased 4.5% in 2023 to 1.07 million, maintaining its position as Asia’s leader.
14
India added 261,000 HNWIs in 2023, a 12.3% growth, pushing total to 850,000.
15
Japan’s HNWI population stood at 3.4 million in 2023, up 2.1% amid yen depreciation effects.
16
Germany had 2.8 million HNWIs in 2023, growing 3.7%.
17
The UK’s HNWI count reached 2.5 million in 2023, with 4.2% growth.
18
France recorded 2.3 million HNWIs in 2023, up 3.9%.
19
Canada’s HNWI population grew 7.4% to 806,000 in 2023.
20
Australia added 54,000 HNWIs in 2023, reaching 1.2 million total, a 4.7% rise.
21
Switzerland’s HNWI population was 1.1 million in 2023, growing 3.2%.
22
Brazil had 307,000 HNWIs in 2023, up 2.8%.
23
South Africa’s HNWI count increased 11.2% to 38,000 in 2023.
24
Singapore’s HNWI population reached 333,000 in 2023, with 5.6% growth.
25
Hong Kong had 129,000 UHNWIs in 2023, but saw a slight decline of 1.2%.
Interpretation
Population And Growth Interpretation
In the Population and Growth landscape, the number of HNWIs climbed from 13.8 million in 2013 to 22.8 million in 2023, while Asia Pacific delivered the fastest momentum with 7.2% growth and over 1 million new HNWIs.
05 · Category
Wealth Distribution24 stats
01
Global HNWI wealth totaled USD 86.8 trillion in 2023, up 4.7% from 2022.
02
UHNWIs held USD 33 trillion in wealth in 2023, representing 38% of global HNWI wealth despite being only 1% of the population.
03
The top 1% of HNWIs (those with over USD 10 million) controlled 52% of all HNWI wealth in 2023.
04
US HNWIs held USD 26.4 trillion in 2023, 30% of global HNWI wealth.
05
Average HNWI wealth globally was USD 3.8 million in 2023.
06
Asia-Pacific HNWI wealth grew 7.9% to USD 24.5 trillion in 2023.
07
European HNWI wealth reached USD 25.2 trillion in 2023, up 3.8%.
08
UHNWIs with USD 50-100 million held 15% of total UHNW wealth in 2023.
09
Global wealth held by HNWIs is projected to reach USD 109 trillion by 2027.
10
North America’s HNWI wealth increased 7.2% to USD 28.1 trillion in 2023.
11
China’s HNWI wealth totaled USD 5.8 trillion in 2023, up 4.8%.
12
Japan’s HNWI wealth was USD 8.9 trillion in 2023, despite currency challenges.
13
The UK held USD 3.4 trillion in HNWI wealth in 2023.
14
Germany’s HNWI wealth grew to USD 4.1 trillion in 2023.
15
India’s HNWI wealth surged 11.5% to USD 1.3 trillion in 2023.
16
Brazil’s HNWI wealth was USD 1.2 trillion in 2023.
17
UHNWIs with over USD 1 billion (centimillionaires) numbered 28,420 in 2023, holding USD 15 trillion.
18
Middle East HNWI wealth grew 9.2% to USD 3.1 trillion in 2023.
19
Latin America’s HNWI wealth increased 4.5% to USD 4.8 trillion in 2023.
20
Africa’s HNWI wealth rose 11.8% to USD 1.0 trillion in 2023.
21
France’s HNWI wealth totaled USD 3.2 trillion in 2023.
22
Switzerland held USD 2.3 trillion in HNWI wealth in 2023.
23
Singapore’s HNWI wealth was USD 1.1 trillion in 2023.
24
South Africa’s HNWI wealth grew to USD 400 billion in 2023.
Interpretation
Wealth Distribution Interpretation
In the wealth distribution landscape, the concentration is stark as the top 1% of HNWIs with over USD 10 million held 52% of all HNWI wealth in 2023 even as UHNWIs accounted for 38% of total wealth on only 1% of the population.
report visual · Breakdown
Demographics of HNWIs: Gender and Age
HNWIs are more often male globally, while age distribution skews older—especially in Europe.
52%
52% of HNWIs are male globally in 2023.
48%
In the US, 48% of HNWIs are married with children.
report visual · Key figures
Geographic distribution of UHNWIs (2024)
The United States accounts for the largest share of global UHNWIs, while China holds a much smaller but significant portion.
40.2%
The United States accounts for 40.2% of global UHNWIs in 2024.
10.5%
China hosts 10.5% of the world’s UHNWIs with 10,800 individuals in 2024.
10%
The UAE saw a 10% increase in UHNWIs to 4,430 in 2024.
1
Monaco has the highest UHNWIs per capita with 1 in 56 residents in 2024.
report visual · Comparison
HNWIs’ investment preferences vs. allocation mix
Most HNWIs prioritize ESG and tax-efficient structures, while allocations are dominated by equities and real estate.
73% of HNWIs prioritize ESG in investments.73%
71% seek tax-efficient structures for investments.
71%
55% of HNWIs allocate 20-40% of portfolio to equities.
55%
Real estate comprises 27% of HNWI portfolios on average.
27%
report visual · Key figures
Global HNWI growth and outlook (2013–2028)
Global HNWI population has expanded significantly since 2013 and is forecast to continue growing through 2028, with 2023 showing renewed year-over-year growth.
67%
From 2013 to 2023, the global HNWI population expanded by 67%, from 13.8 million to 22.8 million.
5.1%
In 2023, the global population of High Net Worth Individuals (HNWIs) with investable assets of USD 1 million or more rea
20%
Projections indicate the global HNWI population will reach 28.4 million by 2028, a 20% increase from 2023 levels.
28%
By 2028, UHNWIs are forecasted to grow 28% to 393,000 worldwide.
report visual · Comparison
Wealth concentration among HNWI groups
UHNWIs represent a small share of people but hold a large share of HNWI wealth, highlighting concentration at the very top.
UHNWIs held USD 33 trillion in wealth in 2023, representing 38% of global HNWI wealth despite being only 1% of the popul38%
US HNWIs held USD 26.4 trillion in 2023, 30% of global HNWI wealth.30%
Global HNWI wealth totaled USD 86.8 trillion in 2023, up 4.7% from 2022.4.7%
The top 1% of HNWIs (those with over USD 10 million) controlled 52% of all HNWI wealth in 2023.1%
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Leah Kessler. (2026, February 13). High Net Worth Individuals Statistics. Gitnux. https://gitnux.org/high-net-worth-individuals-statistics
MLA
Leah Kessler. "High Net Worth Individuals Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/high-net-worth-individuals-statistics.
Chicago
Leah Kessler. 2026. "High Net Worth Individuals Statistics." Gitnux. https://gitnux.org/high-net-worth-individuals-statistics.
Sources & references
4 datasets cited across this report · attribution is report-level