Carolina Herrera ad from spring/summer 2016
Ultra-high-net-worth individuals? net assets saw stagnant growth in the past year, with their wealth increasing a mere 0.8 percent.
According to Wealth-X?s ?World Ultra Wealth Report 2015-2016,? the population of individuals with a net worth of at least $30 million grew only 0.6 percent into 2015 to 212,615. This flat growth is set to change, with UHNW total assets to increase at a CAGR of 9 percent through 2020, reaching $46.2 trillion.
“The diversified global interests of the world?s ultra wealthy and their focus on skillful wealth preservation and management should ensure their continued strong performance,” said Benjamin Kinnard, research analyst at Wealth-X. “By 2020, we expect the global UHNW population to exceed 318,000, 50% higher than in 2015, with total wealth rising 54 percent to US $46.2 trillion. “Growth drivers will include continued urbanization and rising consumption in developing markets and adoption of?and demand for?technological innovation in every aspect of life,” he said. “These will facilitate the creation of many new UHNWIs in the coming years.
“Financial markets will also be a big driver of UHNW wealth, and if they return to historical levels rather than the stagnant performance we largely saw in 2015 this will boost performance of the ultra wealthy.”
Optimistic outlook

By 2020, Wealth-X projects that there will be 318,400 individuals that would be categ...