Ultra Wealth and Philanthropy: A Dive Into the DataNov 17, 2022
Many of us who work in and around philanthropy, whether we are donors, advisors or social entrepreneurs, haven't really looked deeply at the data on wealth distribution and what this means for philanthropy.
Thanks to detailed ongoing research series from Wealth X and Credit Suisse we actually know quite a bit about the distribution of wealth at the very top end of the spectrum, In this post and the video that goes with it, we'll dig into this data and explore some of the implications for philanthropy.
Ultra High Net Worth Individuals: the .4% of the 1%
Globally there are just 264,000 people with a net worth of $50M+
Collectively these UHNW individuals have over $30 trillion in wealth
UHNW individuals are overwhelmingly concentrated in the United States
The number of UHNW individuals and their level of wealth is still increasing despite global downturn
UHNW Individuals are highly concentrated in a handful of leading cities
UHNW individuals are overwhelming male and over age 50
Vast Majority of UHNW individuals are self made
Implications for Philanthropy
UHNW Individuals account for 1/30,000th of the world’s population
while providing almost 25% of all giving
UHNW Donors Are Able to Expand Giving More Quickly Than Others
UHNW Donors In U.S. are building wealth faster than they are giving it away
There's lots more to explore, both in this data, and in its implications. For an even closer look, check out these sources:
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