Pakistan Among Top 10 Countries With Fastest Growth of Ultra-Rich Population
Pakistan is among the countries with top 10 fastest growing population of ultra-high net-worth (UHNW) individuals over the last 5 years. Bangladesh with 17.3% UHNW growth tops the list followed by China (13.4%), Vietnam (12.7%), Kenya (11.7%), India (10.7%), Hong Kong (9.3%), Ireland (9.1%), Israel (8.6%), Pakistan (8.4%) and United States (8.1%), according to World Ultra Wealth Report 2018 . Ultra-Rich Wealth Growth in 5 Years. Source: Wealth-X Ultra-Rich Definition: The report compiled by Wealth-X defines ultra-high net-worth (UHNW) as an exclusive group of wealthy individuals located across the globe, each with a net worth of $30m or more. Only the top 1.1% of the world's 22.25 million millionaires qualify for inclusion in UHNW group. Here's an excerpt of the Wealth-X report: "According to Wealth-X estimates of global private wealth, the number of individuals with net assets of more than $1million totaled 22.3 million in 2017, with a combined net worth of...