SA has over 1000 ultra high-net-worth individuals
JOHANNESBURG –
South Africa has only 1033 individuals with wealth in the $30million range, called an
Ultra high-net-worth individual
(UHNWI), according to the Wealth Report 2020 launched last week by Knight Frank.
South Africa has only 1033 individuals with wealth in the $30million range, called an
Ultra high-net-worth individual
(UHNWI), according to the Wealth Report 2020 launched last week by Knight Frank.
The report found that despite last year being a tumultuous year with declining economic global growth, the world’s UHNWI population rose by 6.4 percent, according to Knight Frank’s new Wealth Sizing Model.
Leading the top six UHNWIs was the US with 240575 individuals, followed by China (61587), Germany (23 078), France (18776), Japan (17013) and the UK (14367).
Source: iol.co.za