Datastream
Top 20 Countries With the Most Ultra-Wealthy Individuals
The Briefing
- According to Credit Suisse, there are now 218,200 people globally with assets over $50 million.
- The majority (53%) of the world’s ultra-wealthy people live in the U.S.
Top 20 Countries With the Most Ultra-Wealthy Individuals
New data from the Credit Suisse Global Wealth Report shows that there was an “explosion of wealth” last year.
The global population of ultra-high net worth individuals (UHNWIs) grew by 46,000 to a record of 218,200. The report notes that UHNWIs benefited from a surge in the value of financial assets last year.
These increases are more than double the increases recorded in any other year this century. – Global Wealth Report 2022
The majority of ultra-wealthy individuals already reside in the United States, but 2021 saw a staggering increase of 30,470 people bring added to this exclusive ultra-wealthy category in the country.
| Country/region | Net Worth of $50–$100M | Net Worth of $100M–$500M | Net Worth of $500M+ |
|---|---|---|---|
| 🇺🇸 United States | 103,669 | 35,740 | 1,726 |
| 🇨🇳 China | 20,013 | 11,411 | 1,282 |
| 🇩🇪 Germany | 6,052 | 3,354 | 318 |
| 🇨🇦 Canada | 3,472 | 1,912 | 123 |
| 🇮🇳 India | 3,024 | 1,750 | 210 |
| 🇯🇵 Japan | 3,373 | 1,411 | 88 |
| 🇫🇷 France | 3,237 | 1,314 | 85 |
| 🇦🇺 Australia | 2,947 | 1,576 | 109 |
| 🇬🇧 United Kingdom | 2,787 | 1,278 | 110 |
| 🇮🇹 Italy | 2,574 | 1,253 | 103 |
| 🇰🇷 South Korea | 2,450 | 1,319 | 117 |
| 🇷🇺 Russia | 2,134 | 1,488 | 253 |
| 🇨🇭 Switzerland | 2,115 | 987 | 92 |
| 🇭🇰 Hong Kong SAR | 1,790 | 1,139 | 127 |
| 🇸🇪 Sweden | 1,866 | 1,019 | 76 |
| 🇹🇼 Taiwan | 1,874 | 912 | 93 |
| 🇪🇸 Spain | 1,509 | 666 | 51 |
| 🇧🇷 Brazil | 1,238 | 749 | 95 |
| 🇸🇬 Singapore | 974 | 570 | 73 |
| 🇳🇱 Netherlands | 1,100 | 471 | 28 |
China and India will likely see their ultra-wealthy populations increase dramatically, but still have a long way to go before catching up to the United States.
The biggest increases, aside from the U.S., were China (5,200), Germany (1,750), Canada (1,610), and Australia (1,350).
Decreases in UHNWI populations were more rare, but did occur in a few cases. United Kingdom (-1,130), Turkey (-330), and Hong Kong SAR (-130) saw the biggest drops.
Where does this data come from?
Source: Credit Suisse Global Wealth Databook 2022
Data note: All amounts in USD
Datastream
Ranked: The World’s 20 Biggest Hedge Funds
This annual ranking shows the world’s largest hedge funds, which collectively hold an estimated $45 trillion in assets under management.
The Briefing
- Bridgewater Associates remains the top hedge fund by assets under management (AUM)
- Brevan Howard witnessed strong growth in AUM, moving from 26th to 19th in the ranking
Ranked: The World’s 20 Biggest Hedge Funds
Collectively, the world’s 15,000 hedge funds manage around $4.5 trillion in assets for their clients, weathering economic storms and world events to ensure returns.
This visual breaks down the world’s biggest hedge funds in terms of assets under management using data from Pensions & Investments.
The Top 20
The world’s biggest hedge fund by a mile is Ray Dalio’s Bridgewater Associates. At the time of this ranking, Bridgewater managed over $126 billion in assets for clients as wide ranging as university endowment funds, charities, and foreign country’s central banks.
Here’s a closer look at the ranking:
| Rank | Hedge Fund | Assets (millions USD) | Headquarters |
|---|---|---|---|
| #1 | Bridgewater Associates | $126,400 | 🇺🇸 U.S. |
| #2 | Man Group | $73,500 | 🇬🇧 UK |
| #3 | Renaissance Technologies | $57,000 | 🇺🇸 U.S. |
| #4 | Millennium Management | $54,968 | 🇺🇸 U.S. |
| #5 | Citadel | $52,970 | 🇺🇸 U.S. |
| #6 | D.E. Shaw Group | $47,861 | 🇺🇸 U.S. |
| #7 | Two Sigma Investments/Advisers | $40,969 | 🇺🇸 U.S. |
| #8 | Davidson Kempner Capital Management | $37,450 | 🇺🇸 U.S. |
| #9 | Farallon Capital Management | $37,400 | 🇺🇸 U.S. |
| #10 | TCI Fund Management | $36,200 | 🇬🇧 UK |
| #11 | Marshall Wace | $34,400 | 🇬🇧 UK |
| #12 | Ruffer | $31,662 | 🇬🇧 UK |
| #13 | AOR Capital Management | $28,200 | 🇺🇸 U.S. |
| #14 | Anchorage Capital Group | $27,100 | 🇺🇸 U.S. |
| #15 | Baupost Group | $26,300 | 🇺🇸 U.S. |
| #16 | Point72 Asset Management | $26,100 | 🇺🇸 U.S. |
| #17 | Capula Investment Management | $25,000 | 🇬🇧 UK |
| #18 | Wellington Management | $24,968 | 🇺🇸 U.S. |
| #19 | Brevan Howard Asset Management | $23,353 | 🇬🇧 UK |
| #20 | PIMCO | $23,054 | 🇺🇸 U.S. |
This annual ranking uses AUM data from June 2022
Overall, 70% of hedge funds are headquartered in North America, with many of the world’s largest based in the United States, specifically.
The Fastest Growing Hedge Funds
Many of these large hedge funds were new to the top 20 category, having moved up dramatically from the 2021 ranking. Here’s a look at some of the AUM growth rates year-over-year.
| Rank | Hedge Fund | Growth in AUM (% Change Y-o-Y) |
|---|---|---|
| #1 | Brevan Howard Asset Management | 46.0% |
| #2 | Citadel | 40.8% |
| #3 | PIMCO | 25.3% |
| #4 | D.E. Shaw Group | 20.4% |
| #5 | Point72 Asset Management | 19.7% |
| #6 | Bridgewater Associates | 19.6% |
| #7 | Man Group | 15.9% |
| #8 | Wellington Management | 10.5% |
| #9 | AQR Capital Management | 8.0% |
| #10 | Millennium Management | 5.1% |
| #11 | Capula Investment Management | 4.6% |
| #12 | Marshall Wace | 3.9% |
| #13 | Two Sigma Investments/Advisers | 3.6% |
| #14 | Davidson Kempner Capital Management | 0.3% |
| #15 | Renaissance Technologies | -1.7% |
| #16 | Farallon Capital Management | -1.8% |
| #17 | TCI Fund Management | -9.5% |
| #18 | Anchorage Capital Group | -12.8% |
| #19 | Baupost Group | -15.2% |
| #20 | Ruffer | - |
UK-based Brevan Howard jumped from 26th to 19th, witnessing a 46% increase in their assets under management.
Hedge fund growth can be uncorrelated with the broader market, and is not necessarily an indicator of the overall economy. However, analyzing the strategies used by hedge funds and their performance can often provide useful insight for investors.
Where does this data come from?
Source: The Pensions & Investments annual ranking of largest hedge funds.
Source: This ranking uses AUM data from June 2022. This visualization can be used as a consistent snapshot of the size and proportionality of hedge funds. Current AUM for each may very.
Datastream
Disruptive Materials: Visualizing America’s Import Dependency
A handful of materials are increasingly crucial for the next generation of emerging technologies. But as the data shows, the U.S. is heavily reliant on foreign nations to supply these materials. (Sponsored)
The Briefing
- The U.S. is 100% import dependent on manganese and graphite
- China and Canada are the two nations the U.S. is most import reliant on
America’s Import Dependency for Disruptive Materials
The U.S. is expected to see surging demand for disruptive materials, which are those deemed to have high level importance for their role in next generation technologies. But many of these disruptive materials like manganese, cobalt, and lithium are primarily imported from foreign countries.
This graphic from Global X ETFs takes a closer look at America’s reliance on net imports for these disruptive materials. Countries are ranked by how many commodities of which the U.S. is a net importer. And net importer is defined as over 50% of domestic use or consumption comes from foreign sources rather than domestic production.
Ranking Country Reliance
The U.S. imports commodities from a lot of countries, including from economic rivals. And these commodities include well known ones like nickel, zinc, and lithium, which are critical to climate-friendly technologies. However, the data reveals that there are a select number of countries where dependency is highest. Here’s a look at the top eight countries.
| Country | Number of Commodities Net Import Reliant |
|---|---|
| 🇨🇳 China | 19-23 |
| 🇨🇦 Canada | 13-18 |
| 🇷🇺 Russia | 7-12 |
| 🇮🇳 India | 7-12 |
| 🇧🇷 Brazil | 7-12 |
| 🇿🇦 South Africa | 7-12 |
| 🇩🇪 Germany | 7-12 |
| 🇲🇽 Mexico | 7-12 |
The U.S. is most dependent on China where they are net import reliant on 19-23 different commodities, followed by Canada with 13-18. In addition, the U.S. is 100% import reliant on manganese and graphite, and 76% import reliant on cobalt.
As these materials become increasingly important for AI, robotics, drone technology, as well as for climate infrastructure like solar panels and wind turbines, nations will desire to bolster their own supply chains and be less reliant on other countries. This may also accelerate due to the pandemic highlighting the fragility behind global supply chains.
Overall, this creates an environment where the market for disruptive materials will see extended periods of high demand and rising prices, otherwise known as a demand supercycle.
Introducing the Global X Disruptive Materials ETF
The Global X Disruptive Materials ETF (Ticker: DMAT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Disruptive Materials Index.
To learn more about gaining exposure to the rising demand for disruptive materials, click here now.
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