Ranked: The Top 20 Countries for Ultra High Net Worth Individuals
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The Top 20 Countries for Ultra High Net Worth Individuals

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Ultra High Net Worth Countries

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The Briefing

  • The U.S. and China contain the most ultra high net worth (UHNW) individuals in the world
  • Asia is expected to see the fastest growth in UHNW population over the next five years

The Top 20 Countries for Ultra High Net Worth Individuals

Despite the global hardships of the COVID-19 pandemic, the world’s ultra high net worth (UHNW) population increased by 2.4% in 2020, reaching an all-time high of 521,653.

In this chart, we’ve used data from The Wealth Report 2021 by Knight Frank to list the 20 countries with the most UHNW individuals.

What is Considered Ultra High Net Worth?

To be considered an UHNW individual, one must have a net worth of at least $30 million.

Net worth is a measure of someone’s current financial position, and is calculated as the value of their assets minus their liabilities. The following table lists examples of each:

AssetsLiabilities
  • Primary residence
  • Investment portfolio (stocks, bonds, etc.)
  • Cars, boats, and other physical assets
  • Mortgages
  • Credit card balances
  • Loans

In short, assets are anything that can be sold for money, while liabilities are any debts or financial obligations that one may have.

The Top 20 Countries

Out of the 521,653 UHNW individuals in the world, 414,308 were located in the countries below. This means that almost 80% of the world’s UHNW individuals live in just 20 countries.

RankCountryNumber of Ultra WealthyGrowth Since 2015
#1🇺🇸 U.S.180,06016%
#2🇨🇳 China (Mainland)70,426137%
#3🇩🇪 Germany28,39643%
#4🇬🇧 UK16,370-8%
#5🇫🇷 France15,50322%
#6🇯🇵 Japan14,75536%
#7🇮🇹 Italy10,441-4%
#8🇨🇦 Canada10,02527%
#9🇷🇺 Russia8,01519%
#10🇨🇭 Switzerland7,55312%
#11🇰🇷 South Korea7,35416%
#12🇸🇦 Saudi Arabia7,020227%
#13🇮🇳 India6,88427%
#14🇪🇸 Spain5,9389%
#15🇸🇪 Sweden5,24327%
#16🇧🇷 Brazil5,140-9%
#17🇭🇰 Hong Kong SAR5,04248%
#18🇸🇬 Singapore3,73237%
#19🇲🇽 Mexico3,287-4%
#20🇦🇺 Australia3,12457%

With just over 180,000 UHNW individuals within its borders, the U.S. continues to be the long-standing leader in this metric. Its five-year growth rate of 16%, however, falls far behind the Chinese Mainland’s impressive 137%.

Whether China can overtake the U.S. as the leader in UHNW population remains to be seen, but momentum appears to be in the Asian nation’s favor. Recently, China became the world’s dominant trading partner, and was one of few countries to report positive GDP growth for 2020.

»Like this? Then you might enjoy this article on the world’s richest families.

Where does this data come from?

Source: Knight Frank
Note: Knight Frank’s dataset lists Hong Kong separately from China

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Charted: The Ukraine War Civilian Death Toll

Using data from the UN, this chart shows civilian death toll figures resulting from Russia’s invasion of Ukraine.

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Ukraine war death toll

The Briefing

  • In total, since the war began in February there have been over 7,031 Ukrainian civilian deaths
  • Most of the civilian casualties recorded were caused by the use of explosive weapons, such as missiles and heavy artillery

Charted: The Ukraine War Civilian Death Toll

Russia’s war of aggression in Ukraine has wrought suffering and death on a mass scale, with many Russian attacks targeted at civilians.

We’ve created this visual using data from the UN Office of the High Commissioner for Human Rights (OHCHR) to better understand how many civilians have died in Ukraine as a result of the war, as well as how many were injured and how many were children.

The Numbers

As of early December, it is reported that 7,031 people in Ukraine have died because of the war — 433 of them children. Another 11,327 have been injured, 827 of which are children. In total, this is over 18,000 people killed or injured.

The figures are difficult to verify due to differing reports coming out of both Russia and Ukraine. The UN OHCHR anticipates that the numbers could be even higher.

The State of the Conflict

The war began on February 24th, 2022 and less than a year in, millions of people have been displaced by the conflict, and thousands of civilians have been injured or killed.

According to the UN, most of the civilian deaths have been caused by wide-ranging explosives such as heavy artillery shelling, missiles, and air strikes, and have been concentrated in Donetsk and Luhansk and in other territory still held by Ukraine.

Additionally, new estimates from Kyiv report approximately 13,000 Ukrainian military or soldier deaths, which has yet to be confirmed by the army.

Where does this data come from?

Source: The United Nations Office of the High Commissioner for Human Rights monthly reports on civilian deaths in Ukraine.

Note: Data on deaths and injuries can vary wildly depending on the source.

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