Global UHNWI population slips 3% as London retains prime position

London is still the "most important" world city for the ultra-rich, says Knight Frank in its tenth annual Wealth Report.

It’s been a full decade since Knight Frank produced its first annual Wealth Report, and a lot has changed in the high net worth landscape since then.

The world’s total number of ultra-high net worth individuals (UHNWIs) – those with US$30m or more in net assets – has escalated from 116,800 in 2005 to 187,468 at this latest count, despite a 3% drop in the last 12 months. While major trends – including a growing awareness of wealth inequality and the emergence of new global hubs – may have altered HNWIs’ behaviour, the status of residential real estate – specifically prime central London – has remained a key factor.

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