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Tag: ultra-rich

  • Bangkoks Ultra-Rich Population on Pace to Lead Southeast Asias Wealth Boom

    Bangkoks Ultra-Rich Population on Pace to Lead Southeast Asias Wealth Boom

    Bangkok is emerging as Southeast Asia’s most dynamic hub for ultra-high-net-worth (UHNW) individuals, illustrating Thailand’s increasing allure for global wealth despite ongoing economic and geopolitical instability. The UHNW populace in Thailand’s capital is anticipated to expand to approximately 1,840 by 2030, up from 1,210 in 2025. This growth represents a surge of over 50%, equating to an average yearly increase of 8.7%.

    In 2025, Thailand recorded 2,090 UHNW individuals, with 1,210 primarily residing in Bangkok. UHNW individuals are classified as those possessing net assets exceeding US$30 million. This predicted growth positions Bangkok as the twelfth fastest expanding major UHNW city globally among the 100 largest urban economies by nominal GDP, rendering it the quickest growing wealth center in Southeast Asia, surpassing Jakarta.

    Bangkok’s Wealth Creation: A Unique Blend

    Bangkok’s wealth generation is notable not just for its speed but also for its unique blend of robust domestic entrepreneurship and increasing international appeal. Predictions suggest that, among major global cities, Bangkok will experience one of the swiftest increases in its ultra-wealthy population over the next five years. This growth will further consolidate its position as an emerging global wealth center.

    Most UHNW individuals based in Bangkok are self-made entrepreneurs. However, many benefitted from inherited capital during their businesses’ early development stages. The global UHNW population reached an all-time high of 556,850 individuals in 2025, a 14.4% rise from the previous year. This growth marked the second successive year of double-digit expansion and the strongest growth since 2017.

    In Asia, Hong Kong has the highest number of UHNW people, with 18,290, ranking second only to New York globally, which boasts 23,785 individuals. By 2030, the global UHNW population is expected to reach 746,570, with total wealth swelling to $85 trillion.

    Questions & Answers

    What is the projected number of ultra-high-net-worth individuals in Bangkok by 2030?
    The number of ultra-high-net-worth individuals in Bangkok is predicted to rise to about 1,840 by 2030, up from 1,210 in 2025.

    What factors contribute to Bangkok’s wealth generation?
    Bangkok’s wealth generation is characterized by robust domestic entrepreneurship and an increasing international appeal, making it a global wealth center.

    How does Bangkok’s ultra-high-net-worth population growth compare globally?
    Bangkok is projected to have the twelfth fastest-growing major ultra-high-net-worth population among the 100 largest urban economies by nominal GDP. This places it as the quickest growing wealth center in Southeast Asia.

  • Indonesias Ultra-Rich Population Soars, Poised for Fastest Global Growth

    Indonesias Ultra-Rich Population Soars, Poised for Fastest Global Growth

    In Southeast Asia, Indonesia holds the second position in terms of inhabitants who possess a net worth of US$30 million or more, according to a recent report. Projections anticipate that this figure will nearly double within the next five years. Presently, the country boasts 3,833 ultra-high net worth individuals, marking a 37% increase since 2021.

    Global Wealth Growth

    By the year 2031, the number of ultra-high net worth individuals in Indonesia is forecasted to spike by 82%, reaching 6,966. This growth signifies the fastest expansion rate globally. Indonesia is one of the rapidly maturing economies expected to take the lead in the global ultra-high net worth population’s growth over the subsequent five years.

    Singapore currently holds the top spot in Southeast Asia for its population of ultra-high net worth individuals, tallying at 7,171. Thailand follows in third place with 2,853, trailed by the Philippines (1,910), Malaysia (1,566) and Vietnam (1,233).

    The wider Asia-Pacific area accounts for almost 31% of the world’s ultra-high net worth population. This percentage is second only to North America, which holds 37%.

    The U.S. and China: Global Leaders

    On a worldwide scale, the U.S. and China hold the lead in terms of ultra-high net worth populations, with more than 251,300 and 121,600 individuals respectively. Moreover, the U.S. also takes the reins regarding wealth creation, constituting approximately 41% of the newly minted ultra-wealthy over the past five years.

    Questions & Answers

    Which country in Southeast Asia has the highest number of ultra-high net worth individuals?
    Singapore currently holds the highest number in Southeast Asia, with a total of 7,171 individuals.

    What is the predicted growth in the number of ultra-high net worth individuals in Indonesia by 2031?
    By 2031, the number of ultra-high net worth individuals in Indonesia is expected to surge by 82%, reaching 6,966.

    Which countries lead globally in terms of the ultra-high net worth population?
    Globally, the U.S. and China lead with more than 251,300 and 121,600 individuals, respectively.

  • Billionaires’ Playground: Sports Teams Emerge as Top Asset Class Among Ultra-Rich, J.P. Morgan Reveals

    Billionaires’ Playground: Sports Teams Emerge as Top Asset Class Among Ultra-Rich, J.P. Morgan Reveals

    Sports have emerged as a significant investment focus for billionaires, being viewed not only as an interest but also as a viable asset class, as highlighted by a report from J.P. Morgan.

    Billionaires Investing in Sports

    Approximately 20% of billionaire principals globally now hold a majority share in sports teams, as revealed in a research study named “2025 Principal Discussions Report” commissioned by J.P. Morgan’s 23 Wall Team, a specialized unit providing institutional coverage to top-tier families served by the bank. This figure is a significant leap from the mere 6% recorded in 2022. Furthermore, 34% have investments in stadiums and sports teams.

    In a ranking of key sectors for investments, sports came in fourth place, trailing behind real estate, technology, and energy.

    The Intersection of Interests and Investments

    Given the strong focus on sports, it is not surprising to find that the hobbies and interests of billionaires are closely connected. Out of the top 10 activities that billionaires are most passionate about, six are sports-related, encompassing tennis, winter sports, golf, gym workouts, fishing, and cycling.

    The report pointed out the enormity of sports investment, stating, “With the combined estimated value of US and European franchises standing at approximately $400 billion, and the total worth of sports Mergers and Acquisitions and investment having increased eight times over the past five years, this asset class has gone beyond just fandom. For many principals, ownership is both a strategic and emotional pursuit – a means to unite family unity, institutional capital, and generational legacy around a shared passion and enduring value.”

    Understanding Success: More than Financial Gain

    While a good return on investment is important, the surveyed billionaires indicated that other aspects hold higher value for them. Over 90% believe that time, health, and relationships – rather than money – are the true markers of a fulfilling life. Nearly 85% define success as their ability to “help others progress”, laying emphasis on creative thinking and values-based leadership.

    As Andrew L. Cohen, the executive chairman of the global private bank at J.P. Morgan, commented, “Principals remind us that prosperity is about much more than financial capital. Their viewpoints challenge us to reassess what building enduring wealth entails, placing importance on purpose, connections, and stewardship at the core of their journey.”

    The findings of the report were derived from comprehensive discussions conducted between March and August 2025 with 111 families spanning 28 countries, boasting a combined net worth exceeding $500 billion.

    Questions & Answers

    What percentage of billionaire principals now own a controlling stake in sports teams?
    Approximately 20% of billionaire principals globally now hold a majority share in sports teams.

    What are the top sectors for billionaire investments?
    The top sectors for investments are real estate, technology, energy, and sports.

    What do billionaires consider more valuable than money?
    More than 90% of billionaires believe that time, health, and relationships are more valuable than money. Nearly 85% define success as their capacity to “help others progress”.