PRN: Wealth-X Announces Combined Wealth Of UK UHNW Tops US$ 1.3 Trillion
Wealth-X Announces Combined Wealth Of UK UHNW Tops US$ 1.3 Trillion
- UK Added An Average of One UHNWI per day
SINGAPORE, June 19, 2012 /PRNewswire/ --Â Wealth-X, the UHNW client development solution for bankers, marketers and fundraisers, has released a report on the ultra high net worth (UHNW) population in the United Kingdom.
Wealth-X estimates that there are 10,760 individuals resident in the United Kingdom worth US$30 million or more, with at least 310 new individuals joining the ranks of the ultra wealthy. On average, the United Kingdom added an average of one UHNWI per day since the release of the World Ultra Wealth Report 2011. The combined wealth of the UHNW segment in the United Kingdom stands at an estimated US$ 1.3 trillion.
Mr David Lincoln, Director of Research at Wealth-X, commented on the report. "The wealth composition of the United Kingdom, London in particular, is diverse. This is reflected in our data showing that 31% of the UHNW population in the United Kingdom is considered Non-Dom or non-domiciled, with Non-Resident Indians (NRIs) and Middle East UHNWIs making up a significant proportion of these," he said.
Wealth-X CEO, Mr Mykolas D. Rambus said, "We expect our research data to be of significant interest to the professionals in the banking, luxury and fundraising communities, both within the United Kingdom and beyond. The opportunity to understand the UNHW population and create appropriate strategies based on this knowledge is invaluable."
For more information and to download a copy of the report, please visit:
Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth (UHNW) individuals, along with the privately held-companies they control. We work with 8 of the top 10 global private banks, leading educational institutions, not-for-profits and luxury brands. Our firm's online business development solution profiles individuals who represent US $10.7 trillion of the world's net wealth. The Wealth-X database additionally offers exclusive details on ultra wealthy individuals, including their wealth, income, passions, philanthropic interests, affiliations, politics, advisors, families and biographies. Wealth-X is the global leader on UHNW individuals and the worldwide standard for professionals working with the ultra affluent. Headquartered in Singapore, the company has offices in Beirut, Budapest, Guangzhou, Hong Kong, Kuala Lumpur, London, Lugano, Madrid, Mumbai, New York, Sydney.