The Wealth Report 2023

Key takeaways

  • The global UHNWI population contracted by 3.8% in 2022 after a record climb in 2021.
  • The Middle East was a regional stand out with 16.9% UHNWI growth, buoyed by the UAE and Saudi Arabia who saw stellar economic and property market performance.
  • Asia was home to three of the top 10 fastest-growing wealth hubs, with Malaysia, Indonesia, and Singapore seeing their wealthy populations expand by 7-9%, this comes despite the wider region experiencing a 6.5% decline.
  • 744,000 – Over the next five years we forecast that the global UHNWI population will expand by 28.5% to almost three-quarters of a million from 579,625 in 2022.
  • US $12.4m – The level of net worth required to join the top 1% of the population in Monaco.