Number of global ultra high net worth individuals hits record high

Credit Suisse finds those with assets exceeding $50m total 218,200 after post-pandemic explosion of wealth'

The ranks of the global ultra high net worth" (UHNW) individuals swelled by 46,000 last year to a record 218,200 as the world's richest people benefited from almost an explosion of wealth" during the recovery from the pandemic.

The number of UHNW people - those with assets of more than $50m (43.7m) - jumped in 2021 as the super-rich benefited from soaring house prices and booming stock markets, according to a report by investment bank Credit Suisse. The number of people in the UHNW bracket has increased by more than 50% over the past two years.