High net worth individual

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In private banking, a high-net-worth individual (HNWI) is a person with a high net worth. Typically these individuals are defined as having investable assets (financial assets not including primary residence) in excess of US$1 million. [1][2] The number of high net worth individuals worldwide is estimated at 9.5 million. HNWI wealth totals US$37.2 trillion, representing an 11.4% gain since 2005.[1]

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[edit] UHNWI

UHNWI refers to Ultra-High-Net-Worth Individuals, individuals or families who have at least US$30 million[1][2] in investable assets. The number of ultra high net worth individuals worldwide is estimated at about 95,000.[1] The exact dividing lines depend on how a bank wishes to segment its market; for example, the term Very High Net Worth Individuals [3] can refer to those with assets between $5 million and $50 million, with Ultra High Net Worth Individuals only those with above $50 million.

[edit] Banking and Finance

Most global banks, such as Credit Suisse, Deutsche Bank or UBS, have a separate Business Unit with designated teams consisting of client advisors and product specialists exclusively for UHNWI. Because of their extreme high net worth and the way their assets were generated, these clients are often considered to have semi-institutional or institutional like characteristics.

[edit] Retail

Brands in various sectors, such as Bentley, Maybach and Rolls-Royce in motoring, actively target UHNWI and HNWI to sell their products. Figures gathered by Rolls-Royce suggest there are 80,000 people in the UHNWI category around the world.[4] They have, on average, eight cars and three or four homes. Three-quarters own a jet aircraft and most have a yacht.

[edit] See also

[edit] References

  1. ^ a b c d Capgemini 2007 World Wealth Report (2006-06-12). Retrieved on 2007-07-08. “World Wealth Grows to $33.3 trillion Says Merrill Lynch”
  2. ^ a b For A Few Dollars More, by Nivedita Chakravartty, The Times of India, 18 Jan 2007
  3. ^ Banking for Family Business: A New Challenge for Wealth Management, by Stefano Caselli, Stefano Gatti, Springer, 2005, ISBN 3540227989
  4. ^ Rich spurn ultra-luxury cars, The Sunday Times (UK), 5 Nov 2006
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