The ultra-wealthy just gained $49 trillion in wealth thanks to stocks

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1. The global population of people worth $30 million or more increased 8% in 2023, with much of the growth coming from the U.S., according to a new report.

   There are now 426,330 individuals worth $30 million or more, known as ultra-high-net worth (UHNW) individuals, according to Altrata’s World Ultra Wealth Report 2024. Their total wealth surged by 7% to $49 trillion in 2023, helped mainly by the year-end stock rally.

   In the U.S., the ultra-high-net-worth population increased 13%, to 147,950, meaning the U.S. now accounts for a third of the world’s ultra-high-net worth population.

   Over the next five years, the UHNW population is expected to grow by 38% to 587,650, according to the report. Their combined fortunes will rise by $19 trillion — creating a massive new opportunity for companies that cater to the ultra-wealthy, according to the report.

   Read more: [https://www.cnbc.com/2024/07/19/population-ultra-high-net-worth-wealth.html](https://www.cnbc.com/2024/07/19/population-ultra-high-net-worth-wealth.html)

2. Like just this second? Whoaaa