Wealth-X Releases Latest Indonesian UHNW Figures

SINGAPORE, May 3, 2012 /PRNewswire/ --  Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has released a report on the UHNW population in Indonesia at an event in Jakarta.

Wealth-X estimates that there are 775 individuals resident in Indonesia worth US$30 million or more, with at least 50 new individuals joining the ranks of the ultra wealthy since the release of the World Ultra Wealth Report 2011. The combined wealth of the UHNW segment in Indonesian society stands at an estimated US$125 billion.

Mr. Adrian Jenkinson, Vice-President of Marketing at Wealth-X, addressed members of the banking and finance community at the Transforming Money Management Seminar, organized by SunGard. On the country report for Indonesia, Mr. Jenkinson said, "To have detailed research data available on the Indonesian market is a first." He emphasised, "Our local language capability and research expertise means we can deliver accurate valuations on individuals for any country, even for those with substantial private holdings."

Commenting on the impact of the intelligence on the banking community, Wealth-X Asia Pacific Business Development Manager, Ms. Deborah Zilian noted, "We expect our research data to be of significant interest to the banking and investment community, both within Indonesia and beyond. Understanding the growth of wealth in Indonesia will be a key element in investment decisions for organisations in the region."                

For more information and to download a copy of the report, please visit: www.wealthx.com

About Wealth-X

Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth (UHNW) individuals, along with the privately held-companies they control. We work with 8 of the top 10 global private banks, leading educational institutions, not-for-profits and luxury brands. Our firm's online business development solution profiles individuals who represent $10.7 trillion of the world's net wealth. The Wealth-X database additionally offers exclusive details on ultra wealthy individuals, including their wealth, income, passions, philanthropic interests, affiliations, politics, advisors, families and biographies. Wealth-X is the global leader on UHNW individuals and the worldwide standard for professionals working with the ultra affluent. Headquartered in Singapore, the company has offices in Mumbai, Lugano, Guangzhou, New York, Sydney, London and Hong Kong.

SOURCE Wealth-X

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