Ultra high net worth individuals (UHNWI) can be defined as individuals with investable resources of at least $30 million, for the most part excluding personal assets and property, for example, a main living place, collectibles, as well as consumer durables.
Ultra high net worth individuals contain the wealthiest individuals on the planet and control a disproportionate measure of worldwide wealth.
In spite of the fact that they comprise just .003% of the world's all out populace, they hold around 13% of the world's total wealth.
Ultra high net worth is generally used in terms of liquid assets over a certain figure, but the exact amount differs by financial institution and region.
Forbes magazine curates lists of the richest individuals in the world.
As of 2020, Amazon Chief Executive Officer Jeff Bezos reigns as the wealthiest person in the world, followed by Microsoft Chief Executive Officer Bill Gates, Berkshire Hathaway Chairman Warren Buffett, Facebook Chief Executive Officer Mark Zuckerberg, and Carlos Slim Helu.
Others close the top of the world's Ultra high net worth individual populace include brothers Charles Koch and David Koch, former New York City mayor and co-founder of Bloomberg L.P. Michael Bloomberg, and a few children and in laws of Sam Walton, the late founder of Wal-Mart.
As of the year 2018, the Ultra high net worth individual populace was 226,450, up from 172,850 in the year 2015, a number 70% higher than twelve years earlier.