High-net-worth individual

High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth (assets such as stocks and bonds) exceeds a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million.[1][2]

"Very-HNWI" (VHNWI) can refer to someone with a net worth of at least US$5 million.[1]

The Capgemini World Wealth Report 2020[2] defines an additional class of ultra-high-net-worth individuals (UHNWIs), those with US$30 million in investible assets.

According to The Knight Frank Wealth Report, HNWI can refer to someone with a net worth of at least US$1 million while UHNWI can refer to someone with a net worth of at least US$30 million.[3]

As of June 2022, there were estimated to be just over 15 million HNWIs in the world according to the Global Citizens Report by Henley & Partners. The United States had the highest number of HNWIs (5,325,000) of any country, whilst New York is the wealthiest city with 345,000 HNWIs.[4]


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