
The number of super-rich people is exploding
For the average person, $30 million is a lot of money—but for the ultra-high-net-worth individual (UHNWI), that’s the bare minimum nowadays. That’s because the number of individuals with more than $30 million in assets—the generally accepted threshold for the “ultra-high-net-worth individuals”— grew from 157,000 in 2016 to 220,000 in 2023, according to data from Capgemini….