Ultra-High Net-Worth Individual (UHNWI)

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Definition of 'Ultra-High Net-Worth Individual (UHNWI)'

An ultra-high net-worth individual (UHNWI) is a person with a net worth of at least $30 million. UHNWIs make up a small percentage of the global population, but they hold a significant amount of wealth.

UHNWIs are often defined by their assets, which can include cash, investments, real estate, and business interests. They may also have significant liabilities, such as debt.

The number of UHNWIs in the world is growing rapidly. In 2019, there were an estimated 265,810 UHNWIs worldwide, with a combined net worth of $32.5 trillion. This number is expected to grow to 513,440 UHNWIs by 2025, with a combined net worth of $59.5 trillion.

UHNWIs are a diverse group of people. They come from all over the world, and they have a wide range of interests and backgrounds. However, there are some common characteristics that UHNWIs share.

For example, UHNWIs are typically well-educated and have successful careers. They are also often entrepreneurs or business owners. UHNWIs are also more likely to be involved in philanthropy and other forms of civic engagement.

UHNWIs play an important role in the global economy. They invest in businesses, create jobs, and support charitable causes. They also influence public policy and help to shape the future of society.

The growth of the UHNW population is a significant trend that is having a major impact on the global economy. As UHNWIs continue to grow in number and wealth, they will have an even greater impact on the world around them.

Here are some additional facts about UHNWIs:

* The majority of UHNWIs are male.
* The average age of an UHNWI is 58 years old.
* UHNWIs are more likely to be married than the general population.
* UHNWIs are more likely to have children than the general population.
* UHNWIs are more likely to be religious than the general population.
* UHNWIs are more likely to be involved in philanthropy than the general population.

UHNWIs are a unique and important group of people. They play a significant role in the global economy and have a major impact on the world around them.

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