Media365
“China remains the second major pole of wealth creation, although its relative position is easing,” the report said. “In practice, almost every country is losing global market share to accommodate the relentless expansion of US wealth.”
Hong Kong’s UHNWI population, meanwhile, declined by 3.3 per cent to 6,788 compared with 2021, but is forecast to rebound strongly, rising 25 per cent to 8,485 by 2031 – the 19th fastest growth rate globally.
The city continues to gain traction as a family office hub, supported by efforts to streamline regulation and an influx of mainland professionals under new talent visa schemes. Lower income taxes, discounted property and faster set-up times have helped reinforce its appeal.
Globally, the number of UHNWIs rose to 713,626 in 2026 from 551,435 in 2021, equivalent to about 89 people crossing the US$30 million threshold each day.
