Wealth-X Highlights Opportunity Within the UHNW Non-Resident Indian (NRI) Market

NEW YORK, May 18, 2011 /PRNewswire/ -- Wealth-X, the world's leading UHNW prospecting, intelligence and diligence solution, today announced the publication of its latest intelligence briefing, which emphasizes the unique opportunities presented by Non-Resident Indians (NRIs) worth more than US$ 30 million.

After completing analysis from a variety of sources, including its own proprietary database of global UHNW individuals, Wealth-X estimates that there are 4,960 NRI individuals worth a combined US$ 465 billion, when accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other investible assets. Notably, North America leads the global charge with about 39% of all UHNW NRIs. Both North America and Europe are home to a combined 3,000 UHNW NRIs, or about 60% of the global NRI population.

The Wealth-X intelligence briefing further details the aggregate wealth of UHNW Indians, showing that their combined assets of US$ 945 billion are roughly twice the value of the total wealth belonging to UHNW NRIs. There are 135 Indians worth between US$ 500 million to US$ 750 million, compared to the 80 NRIs who fall into this range. In addition, there are 215 UHNW individuals in India worth between US$ 250 million to US$ 500 million, compared to 130 NRIs with a similar net worth.

"Despite the total wealth of India's UHNW population being respectively higher, about 38% of the world's UHNW Indian individuals do not reside in India," says David Friedman, Executive Vice President of Strategy at Wealth-X. "Private wealth and asset managers seeking to increase their assets under management must not overlook the expansive and highly interconnected community of ultra wealthy NRIs."

For a copy of the full report, please visit http://www.wealthx.com/index.php?id=press

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 segment. 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 interests, affiliations, politics, advisors, families and biographies.

SOURCE Wealth-X

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