Wealth-X Counts Russia's UHNW Population at 1,200, Fourth Among BRIC Countries

NEW YORK, April 27, 2011 /PRNewswire/ -- Wealth-X, the world's leading UHNW prospecting, intelligence and diligence solution, today announced the publication of its latest intelligence briefing, which profiles Russia's ultra-wealthy and examines the country's position among BRIC countries.

After completing analysis from a variety of sources, including its own proprietary database of global UHNW individuals, Wealth-X estimates that there are over 1,200 UHNW individuals worth a combined US$ 640 billion in Russia today, when accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other investible assets. Notably, Russia has only 5% of UHNW individuals and accounts disproportionately for 16% of total BRIC wealth.

The Wealth-X intelligence briefing further details the 25,600 UHNW individuals worth more than US$ 30 million in the BRIC countries, whose accumulated total net worth is US$ 4.1 trillion. China is positioned first in terms of highest UHNW population and total wealth, followed by India, Brazil, and Russia.

"In Russia as in other emerging markets there are few middle-worth UHNW individuals. Instead billionaires and near-billionaires, followed in aggregate by the mass UHNW with US$ 30 million to $200 million, dominate wealth. The key for private wealth managers and luxury brands is to build separate sales strategies that appropriately address both ends of the marketplace," said David Friedman, Executive Vice President of Strategy for Wealth-X.

For a copy of the full report, please visit www.wealthx.com.

ABOUT WEALTH-X

Wealth-X is the global leader in helping private wealth managers, luxury brands, not-for-profits and educational institutions prospect, understand and conduct wealth diligence on the UHNW. The firm's online business development solution is the worldwide standard for professionals working with the ultra-affluent.  Wealth-X is the international authority on UHNW individuals, including their wealth, income, passions, philanthropic interest, affiliations, politics, advisors, families and biographies.

SOURCE Wealth-X

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