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Global ultra-wealthy population grows in 2016, despite political and economic uncertainty

The number of Ultra-High-Net-Worth Individuals (UHNWIs) - those with €28m ($30m) or more in net assets – rose by 6,340 in 2016, taking the total to 193,490, according to data provided by New World Wealth for The Wealth Report. This growth reverses the decline of 3% seen in 2015. The increase has occurred despite ongoing political and economic uncertainty around the world having more of an impact on future trends.Grainne Gilmore, Head of UK Residential Research, Knight Frank, comments: “The momentum gained in wealth creation in 2016, although relatively modest, was far from being a foregone conclusion, especially given that nearly three-quarters of respondents to our Attitudes Survey highlighted political uncertainty as a significant t...[…]