The second edition of the Very High Net Worth Handbook analyzes the state of the world’s very high net worth (VHNW) population (those with between $5 and $30 million in net worth), revealing that this segment grew by 1.3% in 2020, to 2.7 million individuals worldwide.
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While very high net worth (VHNW) individuals share many characteristics with their wealthier counterparts, they are nevertheless a unique cohort, with distinctive traits relating to everything from the origins of their wealth and how they allocate their assets to their hobbies, non-financial interests and passions.
During 2019 Wealth-X completed a significant expansion to its dataset on the wealthy in China. We identified nearly 270,000 wealthy Chinese individuals, growing our total dataset by more than 22% and expanding our coverage in China nearly 18-fold.