Keep pulling the thread on Gareth Wilson.
The absolute wealth of high net worth individuals grew at its fastest rate in the last 5 years between 2024 and 2025.
Ultra-high-net-worth individuals, defined as those with over $30 million in investable assets, represent 1% of the high-net-worth population but hold approximately 35% of the total wealth.
The percentage of high net worth individuals with a single wealth management relationship has decreased from approximately 39% in 2019 to 19% in 2025.
Approximately $1.5 trillion in new assets have flowed to competitors of traditional wealth management firms, such as robo-advisors and family offices.
The global population of high net worth individuals, defined as those with over $1 million in investable assets, is approximately 25 million people.
The number of high net worth individuals globally increased by 2 million between 2024 and 2025.
The number of high net worth individuals in the US grew by approximately 10% between 2024 and 2025, the fastest rate globally.
The Middle East experienced a decrease in both the population and total wealth of high net worth individuals between 2024 and 2025.
The growth in wealth for high net worth individuals in Asia Pacific was significantly driven by the rise in the South Korean stock market.
High net worth individuals' portfolio allocation to equities increased by approximately 3%, while their allocation to cash decreased by 2%.
High net worth individuals consistently hold a substantial portion of their assets, typically over 20%, in cash or cash equivalents.
High net worth individuals' portfolio allocation to fixed income increased by approximately 2 percentage points between 2024 and 2025.