A superyacht is the ultimate platform of luxury. How the shifting sands of wealth and luxury affect trends in yachting. With an average price tag of US$10 million, a superyacht is a luxury item owned and enjoyed by the ultra wealthy. A new, younger generation of Ultra High Net Worth Individuals (UHNWI) is increasingly focused … Read more
The typical ultra-wealthy philanthropist donates US$25 million over the course of his or her lifetime, is 64 years old, has an average net worth of US$240 million, and an average liquidity of US$46 million, according to the inaugural Wealth-X and Arton Capital Philanthropy Report 2014. These are some of the findings of the inaugural Report … Read more
First Global Census Shows Record of 2,170 Billionaires Worldwide. The global billionaire population reached a record 2,170 individuals in 2013 and total billionaire wealth in Asia surged nearly 13 percent, making it the fastest-growing region, according to the inaugural Wealth-X and UBS Billionaire Census 2013. At current growth rates, the Wealth-X and UBS Billionaire … Read more
London and Paris are Europe’s UHNW Cities. Nearly Half of Top 10 UHNW Cities Are in America. New York, Los Angeles and San Francisco are among the top 5 in Wealth-X‘s list of the world’s cities with the highest concentration of ultra high net worth (UHNW) individuals, defined as those with total net assets … Read more
World’s ultra wealthy population reaches all-time record. During the past year, the world’s UHNW population reached an all-time high of 199,235 individuals and a combined wealth of US$27.8 trillion, according to latest Wealth-X and UBS World Ultra Wealth Report dedicated to the most commercially significant segment today – the ultra wealthy. The total wealth … Read more
Top Billionaire Island Owners. Lawrence Ellison, co-founder and CEO of technology giant Oracle, the French luxury business titan Bernard Arnault, and Google CEO Larry Page are the top wealthiest owners of luxury islands valued at US$10 million and above, according to Wealth-X “Top Billionaire Island Owners.” All of the top five billionaire hail from … Read more