what is considered a high net worth individual
High-net-worth individual High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible assets (such as stocks and bonds) exceed a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million.[1][2][3]
The World's Billionaires In the 32nd annual Forbes list of the world's billionaires, the gap between the top one percent and the rest of the billionaires continued to widen with the 20 richest people on the planet worth $1.2 trillion that amounts to 13 percent of all billionaires' fortunes combined.[2] A record of 2,208 billionaires were in the ranking and the total wealth was $9.1 trillion, up 18% since 2017. For the first time, Jeff Bezos was listed as the top billionaire due to Amazon's rising stock price that resulted in one person's biggest one year gain in wealth ($35 billion) since Forbes started tracking in 1987.[2] The U.S. continued to have the most billionaires in the world, with a record of 585, while China is catching up with 476 (when including Hong Kong, Macau and Taiwan).[2]