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 2017, there was a record of 2,043 people on the list, which is the first time over 2,000 people were listed, that included 195 newcomers that included 76 from China and 25 from the U.S.; there were 56 people under 40 and it had a record of 227 women.[4] The average net worth of the list came in at US$3.75 billion, down US$110 million from 2015. Added together, the total net worth for 2017's billionaires was US$7.67 trillion, up from US$7.1 trillion in 2015.[2][5] As of 2017[update], Microsoft founder Bill Gates has topped the list 18 of the past 23 years.[2]