where are most high net worth individuals hnwis 
north america had about 7 9 million hnwis in 2023 according to the capgemini world wealth report this is the highest concentration of hnwis in the world followed by the asia pacific region with 7 4 million individuals hnwis in europe totaled 5 8 million in 2023 latin america with 600 000 the middle east had 900 000 hnwis while africa had 200 000 collectively the total number of hnwis around the world increased by 5 1 from 2022 to 2023 with north america experiencing the largest increase of 7 1 the hnwi population reached 22 8 million in 2023 with a total of 86 8 trillion in wealth 1the management consulting firm capgemini separates the hnwi population into three wealth bands globally the ultra hnwi population numbered 220 000 in 2023 that s an increase of 5 0 mid tier millionaires numbered 2 08 million while the millionaires next door category made up the largest group at 20 53 million 4the exact amount that defines an hnwi can often differ by financial institution and region it generally excludes the person s primary residence as well as possessions like fine art and antiques that are relatively difficult to sell and volatile in value 5benefits afforded to high net worth individuals hnwis as a high net worth individual you may qualify for banking investment and other financial services with reduced fees discounts and special rates along with access to special events and perks hnwis can invest in hedge funds which are generally open only to accredited investors who meet certain criteria including a minimum net worth hnwis may also invest in private equity pe and venture capital vc funds which are not available to the general public these benefits and opportunities vary depending on the financial institution and region types of high net worth individuals hnwis an investor with less than 1 million but more than 100 000 is considered to be a sub hnwi the upper end of hnwi is around 5 million at which point the client is referred to as a very hnwi ultra high net worth individuals uhnwis are defined as people with investable assets of at least 30 million this excludes property such as collectibles and consumer durables 