Jose Sanchez
Research expert covering society, economy, & politics for Latin America
High-net-worth collectors - statistics & facts
What do a Ferrari Testarossa, a bottle of Cabernet Sauvignon, and Banksy鈥檚 鈥淕irl with Balloon鈥 have in common? Some may say the color red, however, they also all spark the interest of wealthy collectors, typically categorized as high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). These terms are used in the financial industry to define people with liquid assets above one million and 30 million U.S. dollars, respectively. Although collector鈥檚 items like fine art or classic cars are excluded from the calculation of net worth, they represent some of the biggest investments of high-net-worth individuals.
