World UHNW Population Loses US$480 Billion

SINGAPORE, Sept. 17, 2012 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Private Bankers, Prospect Researchers, Fundraisers, Marketing Executives and Business Development Professionals, has launched the latest edition of its World Ultra Wealth Report. Several notable insights have emerged from the unique study of the global ultra wealthy population.

• The world's ultra wealthy population grew by 0.6% to reach 187,380 and their combined wealth shrank by 1.8% to reach US$25.8 trillion
• The world's billionaire population grew by 9.4% to reach 2,160 individuals. Combined wealth attributable to billionaires grew by 14% to reach US$6.2 trillion
• Asian UHNW combined wealth is expected to overtake that of the United States by 2025, seven years earlier than previously expected
• Collectively, wealth attributable to global ultra high net worth individuals (UHNWIs) surpasses the combined GDP of the world's two largest economies, the United States and China

Mykolas D. Rambus, CEO of Wealth-X, said of the report, "Professionals engaging with ultra wealthy clients need to be aware of the latest developments in the UHNW space and how these developments impact the fears, goals and preferences of these UHNWIs." He noted,"Billionaires outperformed the markets while the rest of the world's UHNWIs struggled to keep pace. There are clear opportunities for advisers to replicate investment strategies of billionaires for their UHNW clients."

For more information, please visit: www.wealthx.com/wealthreport

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 Beirut, Budapest, Guangzhou, Hong Kong, Kuala Lumpur, London, Lugano, Madrid, Mumbai, New York and Sydney.

SOURCE Wealth-X

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