The number of super-rich people is exploding—and it’s raising the bar for what’s considered ‘wealthy’

A contemplative young woman lounges on the deck of a sailing yacht, draped in a casual white shirt over her vibrant orange swimwear. Her denim shorts and stylish sunglasses speak to a laid-back day at sea, with her curly hair tousled by the gentle ocean breeze. (Credit: pixdeluxe - Getty Images)

For the average person, $30 million is a lot of money—but for the ultra-high-net-worth individual (UHNWI), that’s the bare minimum nowadays. 

That’s because the number of individuals with more than $30 million in assets—the generally accepted threshold for the “ultra-high-net-worth individuals”— grew from 157,000 in 2016 to 220,000 in 2023, according to data from Capgemini. That's a jump of nearly 28% in just seven years.