Where to Find the World’s Biggest Spenders
Photo Credit: The Dallas skyline. The U.S. city broke into the top ten urban centers for high-net-worth individuals. Flickr / Michael Zanussi
Skift Take
As luxury brands look to expand their global reach, they would be wise to look into markets where the almost-rich and the rich are getting richer. A new report maps out where wealth is scaling quickly.
As luxury travel brands seek new audiences, it's instructive to look at the places where the numbers of super-rich individuals are growing. A recently released report shows where luxury travel purveyors should be looking.
The Wealth-X High Net Worth Handbook 2019 dissects where the next generation is coming from. The report looks solely at the world of high-net-worth (HNW) individuals and does not include members of the Ultra-High-Net-Worth club, those with assets of more than $30 million.
The world's HNW population grew 1.9 percent in 2018, and now comprises 22.4 million people worldwide, just below 90 percent of the group are in the $1 to $5 million category (20 million people.) Seven percent have assets of $5 to $10 million (1.6 million peo
