High net worth

A high-net-worth individual HNWI describes a person with considerable wealth. Liquid assets usually refer to cash or assets that can easily be converted into cash, such as stocks and bonds, on top of their savings, checking, and money market accounts.

Very high net worth individuals statistics

HNWIs can be classified according to the size of their wealth:. Financial institutions provide favorable treatment to high-net-worth individuals because of their massive business. The more money a person owns, the more capital management is required to protect and multiply the invested money. The more work there is, the greater the profit for any financial institution.

Being a high-net-worth individual allows access to exclusive services from banks , financial advisors, and other professionals. It is common for them to become members of an elite club or network where they get access to events and activities not available to the general public. These activities can range from private art tours to VIP sporting events.

They can have exclusive access to private equity PE and venture capital VC funds. In addition, HNWIs may be able to invest in real estate and other alternative assets that are difficult for the average population to acquire. Other privileges afforded to HNWIs are investing in hedge funds from recognized firms, taking part in pre-IPO placements, participating in the pre-ICO sales of particular enterprises, and gaining opportunities to become a stakeholder in high-quality firms.

List of high net worth individuals

The wealth amassed by HNWIs allows them greater chances of securing loans for businesses or investments and the eligibility for higher returns. With this, they can purchase expensive items such as luxury cars and jewelry without waiting for financing. There are Followed by Asia-Pacific with 7.