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In 2024, ** individuals with net assets of at least 10 million U.S. dollars were residing in the United States, by far the highest number of any country. By comparison, China, which had the second-highest number of high-net-worth individuals (HNWIs), had fewer than ** individuals with assets amounting to 10 million U.S. dollars or more.

Place of residence of high-net-worth individuals

The residency of almost half of the world’s high net worth individuals in the United States explains the dominance of North America in regard to the number of ultra high net worth individuals by region. Hong Kong was the city with the most UHNWIs in 2022, followed by New York, London, and Los Angeles.

Source of wealth and gender differences

A majority of the world's UHNWIs are self-made. However, looking at billionaires, there is a clear difference between men and women; whereas a majority of billionaire men were self-made, a majority of the women had inherited their fortune.