In 2023, the global UHNWIs population hit 264,200, rising 4.2% year on year to oversee more than $34 trillion in wealth. Even more telling, 42% of UHNWIs sit in the 60 to 69 age bracket while women now make up 33%, up from 28% a decade ago. Portfolio choices also reveal a twist, with equities at 29% and cash averaging 9%, setting the stage for how this wealth is actually positioned and passed on.
Key Takeaways
- 67% of UHNWIs are male, with average age 63 years old
- 42% of global UHNWIs are aged 60-69, the largest age bracket
- Women represent 33% of UHNWIs, up from 28% a decade ago
- UHNWIs allocate 29% of portfolios to equities, highest asset class
- 20% of UHNWI portfolios in real estate, averaging $11.6 million per individual
- Cash holdings average 9% of UHNWI portfolios at $5.2 million
- UHNWIs donate average $25 million lifetime to philanthropy
- 92% of UHNWIs engage in philanthropy, up from 81% in 2018
- Average annual charitable giving by UHNWIs is $4.2 million
- In 2023, the global population of ultra-high-net-worth individuals (UHNWIs) with net worth over $30 million reached 264,200, marking a 4.2% year-on-year increase
- The United States hosts 107,500 UHNWIs as of 2023, representing 40.7% of the global total
- China saw the fastest growth in UHNWIs at 10.5% in 2023, adding 2,800 individuals to reach 28,400
- The average net worth of UHNWIs globally is $58 million in 2023
- Total wealth held by UHNWIs exceeds $34 trillion worldwide in 2023
- US UHNWIs hold $13.1 trillion, 38% of global UHNWI wealth
UHNWIs skew male and in their 60s while investing heavily in equities and increasingly giving to philanthropy.
Related reading
01 · Category
Demographics30 stats
01
67% of UHNWIs are male, with average age 63 years old
02
42% of global UHNWIs are aged 60-69, the largest age bracket
03
Women represent 33% of UHNWIs, up from 28% a decade ago
04
Average age of billionaires is 66, with 86% male
05
55% of UHNWIs are first-generation wealth creators
06
In the US, 28% of UHNWIs are women, highest regionally
07
71% of UHNWIs have at least one university degree
08
Tech sector created 24% of new billionaires since 2014
09
19% of UHNWIs are millennials (under 43), fastest growing group
10
Finance/Insurance is the top industry for 22% of UHNWIs
11
48% of UHNWIs come from entrepreneurial backgrounds
12
In China, average UHNWI age is 52, youngest globally
13
37% of billionaires inherited wealth, down from 50% historically
14
Real estate is primary source for 15% of UHNWIs
15
62% of UHNWIs are married, 12% divorced, 5% single
16
Middle East UHNWIs average 58 years old
17
25% of UHNWIs have children succeeding them in business
18
Manufacturing employs 18% of UHNWIs as primary industry
19
Female UHNWIs grew 40% faster than males over last decade
20
76% of UHNWIs are white/Caucasian in US data
21
Diversified sources account for 14% of UHNWI wealth origins
22
Europe UHNWIs average age 65, oldest regionally
23
11% of UHNWIs are from food/beverage industry
24
83% of billionaires are self-made (score 7+ on Forbes scale)
25
Asia UHNWIs 29% female, lagging US/Europe
26
Retail is source for 12% of UHNWIs
27
Average UHNWI has 3.2 children, per family office survey
28
22% of new UHNWIs are women entrepreneurs in tech
29
67% of UHNWIs reside in urban centers
30
Industrial conglomerates source for 10% UHNWIs
Interpretation
Demographics Interpretation
From a demographics perspective, UHNWIs are still overwhelmingly male at 67% and most are concentrated in the 60 to 69 age bracket with 42% of global UHNWIs, even as women’s representation has risen to 33% from 28% a decade ago.
02 · Category
Investment Habits29 stats
01
UHNWIs allocate 29% of portfolios to equities, highest asset class
02
20% of UHNWI portfolios in real estate, averaging $11.6 million per individual
03
Cash holdings average 9% of UHNWI portfolios at $5.2 million
04
Private equity/mature VC is 11% of portfolios, up from 8% pre-2020
05
Fixed income allocations dropped to 5% amid low yields
06
45% of UHNWIs increased art allocations in 2023
07
Hedge funds comprise 7% of portfolios, stable YoY
08
61% of UHNWIs plan to increase private equity investments over 5 years
09
Collectibles (art, wine, cars) total 7% of portfolios
10
Gold and precious metals at 2%, preferred in uncertain times
11
34% of UHNWIs own stakes in startups/VC funds
12
Real estate yield expectations at 7.2% for UHNWIs
13
52% of UHNWIs use family offices for investments
14
Equities expected returns 8.5% by UHNWIs
15
23% allocate to alternatives including infrastructure
16
Bitcoin/crypto at 1% average, but 15% of UHNWIs hold some
17
70% of UHNWIs diversified geographically in portfolios
18
Private debt rising to 4% of portfolios
19
41% increased emerging market equities exposure
20
Yacht ownership correlates with 3% portfolio in luxury assets
21
56% of family offices invest in direct private equity deals
22
Sustainable/ESG investments at 12% of portfolios, up 5% YoY
23
Bonds yield expectation 4.1%, lowest preference
24
28% of UHNWIs own commercial property yielding 6.8%
25
Tech stocks 35% of equity holdings for UHNWIs
26
67% plan more allocations to infrastructure funds
27
Average portfolio return target 7.8% net of fees
28
Farmland investments 2% of portfolios, high in US UHNWIs
29
75% of UHNWIs rebalanced portfolios in 2023 due to volatility
Interpretation
Investment Habits Interpretation
In investment habits, the biggest signal is that UHNWIs are tilting their portfolios toward risk assets with 29% in equities and a continued build in alternatives like private equity and mature VC at 11%, while 45% increased art allocations in 2023.
03 · Category
Philanthropy And Spending30 stats
01
UHNWIs donate average $25 million lifetime to philanthropy
02
92% of UHNWIs engage in philanthropy, up from 81% in 2018
03
Average annual charitable giving by UHNWIs is $4.2 million
04
85% of billionaires plan to give away most wealth during lifetime
05
UHNWIs spend 15% of income on luxury goods/services annually
06
Education is top philanthropy focus for 68% of UHNWIs
07
Average private jet ownership costs UHNWIs $5 million yearly
08
47% of UHNWIs use private foundations for giving
09
Yachts average $45 million purchase for UHNWIs
10
Healthcare philanthropy prioritized by 55% of UHNWIs
11
UHNWIs’ luxury real estate spend averages $28 million per property
12
66% involve next-gen in philanthropy decisions
13
Annual art market spend by UHNWIs $2.5 billion collective
14
73% of UHNWIs increased giving post-COVID
15
Superyacht market sales $8 billion in 2023, UHNWIs driven
16
Environment/climate top rising cause, 42% allocation increase
17
UHNWIs own average 4.2 homes globally
18
39% pledge over 50% wealth to charity like Giving Pledge
19
Luxury watch collections average $3.1 million value
20
81% prefer impact investing over pure philanthropy
21
UHNWIs’ staff/security spend $1.2 million annually average
22
Poverty alleviation focus for 49% of UHNWIs
23
Private education costs $150,000+ per child yearly for UHNWIs
24
54% of family offices dedicate 5-10% AUM to philanthropy
25
UHNWIs spend 8% on travel/jet setting, $2.8 million average
26
Arts/culture philanthropy by 37%, average $1.8 million yearly
27
62% expect heirs to continue philanthropy traditions
28
Luxury car collections average 4 vehicles worth $2.5 million
29
UHNWIs’ wine investments average $4.7 million portfolios
30
71% track philanthropy impact metrics
Interpretation
Philanthropy And Spending Interpretation
For the philanthropy and spending category, the trend is that UHNWIs are both giving and consuming with purpose, since 92% participate in philanthropy and the average lifetime donation is $25 million while education remains the top focus for 68% of them.
More related reading
04 · Category
Population And Distribution30 stats
01
In 2023, the global population of ultra-high-net-worth individuals (UHNWIs) with net worth over $30 million reached 264,200, marking a 4.2% year-on-year increase
02
The United States hosts 107,500 UHNWIs as of 2023, representing 40.7% of the global total
03
China saw the fastest growth in UHNWIs at 10.5% in 2023, adding 2,800 individuals to reach 28,400
04
By 2028, the global UHNWI population is projected to grow by 28.1% to 337,800
05
New York City has 349,500 millionaires and 766 UHNWIs in 2023
06
The Bay Area (San Francisco) ranks second globally with 305,700 millionaires and 677 UHNWIs
07
UHNWIs in the Middle East grew by 11.5% in 2023, with the UAE adding 650 to total 6,400
08
Europe holds 99,300 UHNWIs in 2023, or 37.6% of the global total
09
Asia-Pacific region had 38,200 UHNWIs in 2023, growing at 4.8% annually
10
Monaco has the highest concentration of millionaires per capita at 1 in 19 residents
11
London saw an influx of 4,500 millionaire migrants in 2023, boosting its millionaire population to 272,400
12
The number of centi-millionaires (over $100 million) globally reached 28,420 in 2023, up 12% from prior year
13
Singapore added 1,100 UHNWIs in the past decade, reaching 9,400 in 2023
14
Russia lost 1,800 UHNWIs between 2022-2023 due to geopolitical factors
15
Australia’s UHNWI population grew 7.2% to 4,800 in 2023
16
Tokyo has 293,800 millionaires but only 290 UHNWIs
17
The global millionaire population stands at 59.4 million in 2024, up 1.2%
18
Dubai attracted 3,100 millionaire migrants in 2023
19
Switzerland has 910 UHNWIs, with Zurich hosting 230
20
India’s UHNWIs grew 12% to 13,600 in 2023
21
Miami overtook Singapore as the top city for millionaire migrants with 5,400 inflows
22
Germany has 34,600 UHNWIs, second in Europe after the UK’s 37,100
23
Brazil’s UHNWI population declined 2.1% to 2,900 amid economic challenges
24
Hong Kong has 129,400 millionaires, ranking 5th globally
25
The number of billionaires globally hit 2,781 in 2024 with $14.2 trillion wealth
26
Canada’s Toronto has 105,200 millionaires and 193 UHNWIs
27
Africa’s UHNWI population is just 5,200, with South Africa holding 80%
28
Athens saw 1,800 millionaire outflows in 2023
29
Global UHNWI growth expected at 21.1% to 2028, led by India at 50.5%
30
Beijing’s millionaire population grew 16% to 127,900 in 2023
Interpretation
Population And Distribution Interpretation
In the population and distribution view, UHNWIs are heavily concentrated in the United States with 107,500 people in 2023, while China’s fastest growth at 10.5% adds 2,800 to reach 28,400, signaling a shift in where new wealth is forming.
05 · Category
Wealth Levels30 stats
01
The average net worth of UHNWIs globally is $58 million in 2023
02
Total wealth held by UHNWIs exceeds $34 trillion worldwide in 2023
03
US UHNWIs hold $13.1 trillion, 38% of global UHNWI wealth
04
Centi-millionaires’ total wealth reached $6.3 trillion in 2023, up 10%
05
Average billionaire net worth is $5.1 billion in 2024
06
UHNWIs with $50-100 million represent 52% of the UHNWI population
07
Global adult wealth totaled $454 trillion in 2023, with top 1.1% holding 45.8%
08
China’s UHNWIs hold $1.7 trillion combined wealth in 2023
09
Europe’s UHNWI wealth stands at $11.8 trillion
10
The top 10 richest people control $1.57 trillion, 11% of billionaire wealth
11
UHNWIs over $1 billion number 3,028 with $37 trillion wealth estimate
12
Asia UHNWIs’ wealth grew 8.2% to $4.9 trillion in 2023
13
Average UHNWI liquid assets are $25 million, per family office data
14
Billionaires’ wealth grew 34% since 2020 to $14.2 trillion
15
Middle East UHNWIs hold $1.2 trillion, up 12% YoY
16
41% of UHNWIs have net worth between $30-50 million
17
Global millionaire wealth totals $217 trillion in 2024
18
Latin America UHNWIs’ wealth is $840 billion, down 1.5%
19
Top 0.1% of adults hold 11% of global wealth at $50 trillion
20
UK UHNWIs hold $1.4 trillion in wealth
21
UHNWIs’ real estate holdings average 20% of portfolio worth $11.6 million
22
India UHNWIs’ wealth surged 20% to $945 billion
23
Australia UHNWIs control $620 billion
24
Russia UHNWIs’ wealth dropped 25% to $420 billion post-sanctions
25
Singapore UHNWIs hold $700 billion
26
62% of billionaire wealth is self-made
27
Africa UHNWIs hold $300 billion combined
28
Japan UHNWIs’ wealth is $1.1 trillion, stable YoY
29
85% of UHNWIs are self-made, per 2023 survey
30
Elon Musk’s net worth tops $250 billion as richest individual
Interpretation
Wealth Levels Interpretation
In the Wealth Levels snapshot, the sheer scale is striking as global UHNWIs hold over $34 trillion in 2023, with US UHNWIs accounting for $13.1 trillion or 38%, underscoring how concentrated extreme wealth remains even as the wealthiest tier expands.
report visual · Breakdown
Who UHNWIs are: gender split and growth momentum
A large majority of UHNWIs are male, while women are growing faster over the last decade—shifting the gender mix over time.
67%
67% of UHNWIs are male, with average age 63 years old
33%
Women represent 33% of UHNWIs, up from 28% a decade ago
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
Min-ji Park. (2026, February 13). Very High Net Worth Individuals Statistics. Gitnux. https://gitnux.org/very-high-net-worth-individuals-statistics
MLA
Min-ji Park. "Very High Net Worth Individuals Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/very-high-net-worth-individuals-statistics.
Chicago
Min-ji Park. 2026. "Very High Net Worth Individuals Statistics." Gitnux. https://gitnux.org/very-high-net-worth-individuals-statistics.
Sources & references
6 datasets cited across this report · attribution is report-level