The combined wealth of the UHNW segment in the United Kingdom stands at an estimated USD1.3 trillion, according to a new report from Wealth-X.
Wealth-X estimates that there are 10,760 individuals resident in the United Kingdom worth USD30 million or more, with at least 310 new individuals joining the ranks of the ultra wealthy. On average, the United Kingdom added an average of one UHNWI per day since the release of the World Ultra Wealth Report 2011.
David Lincoln, Director of Research at Wealth-X, says: "The wealth composition of the United Kingdom, London in particular, is diverse. This is reflected in our data showing that 31% of the UHNW population in the United Kingdom is considered Non-Dom or non-domiciled, with Non-Resident Indians (NRIs) and Middle East UHNWIs making up a significant proportion of these," he says.
Wealth-X CEO, Mykolas D Rambus (pictured), says: "We expect our research data to be of significant interest to the professionals in the banking, luxury and fundraising communities, both within the United Kingdom and beyond. The opportunity to understand the UNHW population and create appropriate strategies based on this knowledge is invaluable."