Who are UHNWI’s?
posted in General |1. Definition
Ultra High Net Worth Individuals are said to have over $50 Million in invested assets. Put another way; these assets, if liquidated, would produce a cash amount of over $50 Million. This differs from High Net Worth Individuals who are said to have liquid assets to a value of $1 Million.
UHNWIs have, on average, eight cars and three or four homes. Three-quarters own a jet aircraft and most have a yacht.
2. How many are there?
Rolls Royce Motor Cars have carried out research that suggests that world-wide there are 80,000 Ultra High Net Worth Individuals; a number that is growing all the time.
3. Income
See my previous story here
4. Spending Their Money
When the Ultra Wealthy spend their money it is on the following;
- Property
- Jets
- Wine
- Jewellery and Watches
- Yachts
- Cars
Many of these actually appreciate in value over time.
When the wealthy have to buy many other things they use websites like www.slwn.com which offers links to many products and service.