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Within the standard creativeness, the “1%” includes an unique membership of superrich of us whose wealth is within the stratosphere.
Nevertheless, the 2024 Knight Frank wealth report finds that unique because the 1% could sound, it’s simpler to develop into a member of that membership than to achieve ultra-high-net-worth standing.
In all of the markets that Knight Frank researchers assessed for this 12 months’s report, the 1% threshold begins far beneath the $30 million entry level for changing into an ultra-high-net-worth particular person. Their findings verify that substantial variations in wealth distribution exist between nations.
The report notes that as Western nations specifically grapple with authorities deficits and the necessity to increase tax income, coverage will focus extra keenly on the place wealth is situated, how it’s distributed throughout economies and the way governments can each tax it and encourage its progress.
See the accompanying gallery for the 1% threshold in 17 nations as of the fourth quarter of 2023.
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