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Alternative Market Briefing

Wealth gathers pace in rapidly maturing economies

Friday, May 15, 2026

By Opalesque:

Knight Frank's 2026 Wealth Report reveals an extraordinary surge in global ultra-high-net-worth individuals (UHNWIs - those with assets exceeding $30m), with the total population rising from 551,435 to 713,626 between 2021 and 2026. That translates to roughly 89 new UHNWIs every single day over the five-year period.

Here are the report's key takeaways:

Regional landscape

North America dominates, representing 37% of the global UHNW population in 2026, a share projected to grow to 43% by 2031 - largely driven by the United States. Asia-Pacific comes second at 31% (219,310 UHNWIs), while Europe accounts for just over a quarter with 183,953. The Middle East is a notable outlier: though smaller in absolute terms, it has grown its global share from 2.4% to 3.1% and is the only region expected to hold that share steady through to 2031.

Billionaire geography

The world's 3,110 billionaires are more geographically spread out than the broader UHNW population. Asia-Pacific leads with 1,116, ahead of North America's 965. The Middle East punches above its weight, hosting over 4% of global billionaires despite its smaller UHNW share. Looking ahead, the fastest billionaire growth is forecast in Saudi Arabia, Poland, Sweden, Australia and Denmark.

Global UHNWI growth led by rapidly maturing economies

The most striking theme of the next five years is that growth is being led not by traditional wealth hubs but by ......................

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