Family Office News -

Six ultra high net worth trends -

On September 5th Wealth-X released its 2018 World Ultra Wealth Report. Highlights of note were that Asian countries have seen the fastest growth in wealth accumulation from 2012-2017 and in 2017 Hong Kong overtook New York as the capital of the ultra-high-net-worth. The number of ultra wealthy individuals globally increased by 12.9 percent, with Asian individuals far surpassing other regions, up 18.5 percent. The world’s total wealth increased by 12.3 percent and wealth creation in Asia in particular was up 26.7 percent. Still, Wealth-X predicts that the Americas will have the most wealthy individuals in five years.