More than 51,000 people joined the ranks of the “super-rich” last year, as the fortunes of the already very rich benefited from rising global stock markets and rising property prices during the pandemic.
The number of extremely high net worth individuals (UHNWI) – those with assets of more than $ 30 million (22 22.4 million) – rose 9.3% last year to a record 610,569, according to a report by real estate consultant Knight Frank.
“With any of the measures we are monitoring, whether luxury property prices, UHNWI populations or even private jet traffic, 2021 has been a good year for those lucky enough to own real estate or other tangible assets,” said Rory Penn. chief. Knight Frank’s private office, through which he advises wealthy clients around the world.
“Despite the uncertain times, we have still seen significant wealth creation worldwide with the number of people with a net worth of $ 30 million or more increasing by almost 10% last year.”
The number of the super-rich in the UK rose by 11% to 25,771 – more people than could fit on the Watford, Burnley or Brentford football fields.
The number of Britons with assets over $ 30 million has doubled since 2016 and Knight Frank predicts that total will rise to more than 32,000 by 2026. There are more than 3 million people in the UK who are classified as millionaires ( 750,000 £), an increase of 54% compared to five years ago.
The United Kingdom had the second fastest growth rate of the super-rich behind the United States, where the number rose 13% to 210,353. The ranks of the rich increased on every continent except Africa, where 17 people fell from the list, bringing the total to 2,240.
Monaco stood out as the country with the most affluent people per capita, with 199 people with assets of $ 30 million or more than a population of just 39,000 – equivalent to five people per thousand. Less than seven in 10 people living in Monaco are millionaires in dollars.
Monaco is home to several wealthy Britons, including former Topshop boss Sir Philip Green and his wife, Tina. The billionaire Brexit supporter and petrochemical tycoon Sir James Ratcliffe, the wealthy billionaires Simon and David Reuben. John Hargreaves, the founder and president of Matalan. John Caudwell, the billionaire founder of Phones4u. and Formula 1 driver Lewis Hamilton.
The Knight Frank report shows that, on average, the extremely rich own only two-thirds of their wealth. Unsurprisingly, the most expensive property is located in Monaco, where home buyers will have to spend at least $ 34 million to join the top 1% of the most expensive properties.
One million dollars buys just 14.6 square meters of residential space in the Mediterranean principality, compared to 30.6 square meters in London or 256 square meters in Sao Paulo.
Aware of the lack of space available to attract more billionaires to Monaco, Prince Albert II, the reigning monarch, oversees a $ 2 billion (1,5 1.5 billion) project to recover six hectares (15 hectares) of sea (15 hectares) .
The sovereign city-state – which is slightly larger than Regent’s Park in London – said it had launched the “offshore urban expansion project” because it was running out of space for those seeking the “tax benefits” of a tax haven.
The reclaimed land will allow the creation of 120 luxury homes for sale for more than $ 100,000 per square foot – more expensive than One Hyde Park in London and 15 Central Park West in Manhattan.
The average rich person owns 2.9 homes, according to a Knight Frank survey of private bankers and wealth counselors.
Guardian
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