Tuesday, May 17
Shadow

Tag: Ultra-High Net Worth

What it Really Means to be Ultra-High Net Worth

What it Really Means to be Ultra-High Net Worth

Business
The ultra-high net worth segment is perhaps the most mysterious, and the most coveted segment of the millionaire population. This group of millionaires may not be as prevalent as the middle class, but their numbers are growing at a rapid pace. According to wealth research firm New World Wealth, there are some 23,000 millionaires living in the U.S., a number that has nearly tripled in the last decade. This explains why the ultra-high net worth individuals are among the hottest targets for wealth managers. With more than $1 billion in liquid assets, it’s easy to see why they’re coveted. However, what it really means to be ultra-high net worth is a bit more complicated than that. We’ll explore what it takes to be an ultra-high net worth individual and the challenges they face. What is Ult...