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The largest share of assets held by high net worth individuals (HNWIs) in North America in 2024 was cash and cash equivalents, which accounted for ** percent of the total assets held by HNWIs in the United States and Canada that year. North America is the region with both the highest assets of HNWIs, and with the highest number of HNWIs.

Who is considered a HNWI?

To be considered a HNWI, their financial assets must exceed at least *** million U.S. dollars. In addition to HNWIs, the term ultra-high net worth individuals (UHNWIs) refer to individuals with financial assets of at least ** million U.S. dollars. The highest number of UHNWIs in the world are also found in North America, with more than ** individuals.

How many HNWIs are there in the U.S.?

Most of the leading position of North America in terms of number and assets of HNWIs and UHNWIs is attributed to the United States. The number of UHNWIs in the United States reaches almost ** individuals, which is almost **** times as many as in China, the country with the second highest number of UHNWIs.