The Ultrawealthy, defined by a Wealth-X report as individuals with a net worth north of $30 million, are on the rise. Favorable tax conditions and a strong dollar saw the U.S. increase its population of ultrawealthy individuals by 2.2%. The slowdown in Asia saw Hong Kong’s ultrawealthy ranks decline 10.6%—with that city losing its crown as capital of the world’s financial elite to New York.
Source: Wealth-X.
A version of this article appears in the November 2019 issue of Fortune with the headline “Who Are the Ultrawealthy?”
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