The Knight Frank Wealth Sizing Model reveals how deep your pockets need to be to join the wealthiest 1% in selected countries and territories. The wealth needed to join the 1% ranks varies sharply from country to country.
While this elite group might be thought of as the epitome of excess, the price of access to the club falls well short of our definition of a ultra-high-net-worth-individual (UHNWI) – somebody whose net wealth exceeds $30 million. Even in Monaco, which has the world’s densest population of super-rich individuals, the entry point for the principality’s 1% is $12.4 million.
For Asia, Singapore has the highest threshold with $3.5 million required to be in the top 1% followed closely by Hong Kong’s $3.4 million.
For India, the 1% club would include net wealth of Rs 1.44 crore.
Click on the above image to enlarge. For the sake of clarity, the numbers are also presented below.
Source: The Wealth Report 2023 by Knight Frank