Asia’s Ultra-High-Net-Worth Population Drops by 10.9% in 2022, Largest Regional Decline in the World: Report
Asia’s Ultra-High-Net-Worth Population Declines in 2022 Introduction A report by data firm Altrata reveals that Asia experienced the largest decline in ultra-high-net-worth (UHNW) individuals in 2022, with a decrease of about 10.9%. Reasons for Decline The report attributes the decline in Asia’s ultra wealthy population to various factors: China’s strict Covid lockdown The war in…