It might seem, well, bit rich to say the world’s ultrawealthy had a tough time in 2022. Considering that global wealth inequality has reached almost the same peak as during the early 20th century (the so-called Gilded Age, as Brookings points out), one rough year might seem like a drop in the bucket. And a difficult year for the rich still likely means you’re doing well, all things considered. That being said, the stats are in and the rich experienced a bit of a stumble from their great heights a year ago.
Wealth-X, a research firm that claims to have the world’s largest collection of records on wealthy individuals, has developed a proprietary Wealthy and Investable Assets Model to gauge the global population of ultra high net worth individuals (UHNW) and their combined wealth. To make it into the UHNW, you must have a personal net worth of more than $30 million, good for a population with collective wealth of over $45 trillion, per the new report.
