Latest News from Newealth

Friday Tidbit

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

The middle class is growing and the Ultra-High Net Worth (UHNW) are growing.

You will now need over US$50m (AU$75m) in assets to meet the definition of UHNW.

The number of UHNW individuals globally is currently 264,200 and expected to rise to 385,000 by 2026 which statistically is an insignificant number given that our planet hosts 5.3 billion adults.

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