What Are UHNW Individuals?
The world of investors and companies is one filled with countless wealth, but even at that level, there are separate layers and categories. A term that is gaining more traction with each passing day is Ultra High Net Worth. The name is enough to understand the scale of their wealth, but what does the term mean? How many people are in it? And more importantly, how can people enter this prized category?
Today we’ll go over the basics of UHNW individuals and try to explain every possible doubt about them. As well as offer some key information and insider knowledge that will go a long way for people looking to get ahead in the world of economy.
UHNW Defined
An Ultra High Net Worth individual is a person whose liquid assets amount to at least $30 million. That’s all that is required to fall into the category, but of course, the price tag itself is almost incomprehensible for most American citizens. It’s also important to pay attention to the liquid asset condition since this adds another layer of complexity to the term.
A liquid asset can be best summed up as an asset that can be easily turned into cash in a very short amount of time. So UHNW individuals not only have stocks or properties that are valued up to $30 million, but these assets also need to be valuable and highly demanded by potential buyers.
What’s the profile of a UHNW individual?
In broad terms, the average UHNW individual is an American man over the age of 50 with a self-made emporium. But that profile doesn’t offer much context without explaining the logic behind it.
Most UHNW individuals are self-made millionaires. We are talking about the owners and creators of massive brands like Amazon or Bill Gates. A few exceptions can make the cut on the value of inheritance, like some descendants of the late Walmart founder. But in general, a UHNW individual is someone with a massive company behind them or investments of a similar caliber.
On top of that over a third of the UHNW individuals in the world are American, a country well known for its abundant opportunities and massive market. The age range is mostly tied to the time it takes to grow a business. While the gender difference most likely reflects on an underlying gender bias in the market. Though there are more up-and-coming UHNW women nowadays.
An interesting tool to keep in mind for anybody looking to expand their fortune is Ultra High Net Worth report. These reports are tailor-made for individuals with the ability to invest large amounts of money into up-and-coming businesses or projects. As such they offer an insider look at what’s going on in the world of UHNW individuals, and that could be all you need to make your break into the world.
