Association of Investment Management Companies

What does it take to be truly wealthy? Opinions on this question vary greatly, but by most accounts, people with at least US$ 1 million or Baht 40 million in financial wealth are members of an elite group of individuals around the world call “mass affluent”. They account for 0.2% of the global adult population and nearly one fourth of the world's wealth. High Net Worth Individuals (HNWIs ) as they are often referred to can be broken down into 3 major categories. Right at the bottom is the so-called “mass affluent” and these are the people with US$ 1-5 million in financial wealth. According to the latest World Wealth Report by Merrill Lynch and Capgemini, there are 7.44 million people in this category in 2004. Move one notch up, then, there are the Mid-Tier Millionaires . These are people with US$ 5-30 million in financial wealth, to which there are 0.74 million of them around the globe. Then, we have the pinnacle right at the top of the food chain; these are called “ Ultra-HNWIs ”. To be qualified, one must have at least US$ 30 million or Baht 1,200 million in financial wealth and as of last count; there are only 77,500 of these people around the world. As expected North Americans and Europeans make up the bulk of the HNWIs with Asian-Pacific, Latin Americans and Middle Easterns lower down in the pecking order of global wealth .

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