30 Oct Women Make Up A Larger Portion Of The UHNW Population Than Ever Before
It’s that time of year again and Wealth-X has released yer another incredible report that should be on your read list if you deal and network with UHNW clientele. This report comes out every year condensing the data they collect into a readable format they keeps you informed. The 2019 World Ultra Wealth Report leverages the Wealth-X’s Global Database which maintains records on wealthy individuals, making it the largest of its kind in the world.
While the report highlights a downward trend in the overall UHNW population in 2018, the number of women joining this club has seen quite the rise which is fantastic to hear. Although the UHNW population fell by 1.7% in 2018 to $32.3 trillion, Wealth-X expects decent growth overall in the next few years. They are projecting a population increase to 353,550 ultra high net worth individuals with a total combined wealth of $43 trillion by 2023.
Seeing that Fortune 500 companies have more female CEOs than ever before, it should come as no surprise to see that reflected in the UHNW female population growth. One of the most notable and successful women as of late would be Kylie Jenner who has become the most wealthy member of the Kardashian family with a net worth of $1 billion.
The 2019 World Ultra Wealth Report also notes that the number of ultra wealthy women increased to nearly 39,000 as of late. This means a record high share of 14.6%. Wealth-X also found that among all the UHNW individuals below the age of fifty, women accounted for almost one in five.
Want To Read The 2019 World Ultra Wealth Report?
Wealth-X makes this a free download and the 2019 World Ultra Wealth Report offers so much more insight and breaks down the segments you need to know. Inside the report you’ll find a bevy of information on the UHNW population like their asset holdings, gender, industry focus, wealth source, and hobbies. Being heavily vested in the luxury real estate and travel sectors, we find these reports to be an absolute must read and valuable source of information that helps steer the ship.
Download: The 2019 World Ultra Wealth Report