New Office

Wealth-X Expands Footprint In Europe

Harriet Davies Editor - Family Wealth Report 4 November 2011

Wealth-X Expands Footprint In Europe

Wealth-X, the research firm specializing in ultra-wealthy individuals, is expanding its presence in Europe with a new office in Lugano, Switzerland.

Europe, the region with the second largest UHNW population globally, has 54,325 such individuals with a total net worth of $6.81 trillion, according to the firm’s latest estimates. It is second to North America, with a population of around 62,950 people with a net worth of $30 million-plus.

The launch of the office will be marked with a series of events in major cities across the Alpine state, as Wealth-X says it is continuing “to span the globe for ultra wealth and profitable business development opportunities for private bankers.”

Earlier this year the firm added to its database nearly 3,000 ultra high net worth individuals whose private philanthropic foundations have more than $25 million in assets under management each. Information available includes biographies, wealth, motivations, passions and relationships. The private foundations represent 920 legal entities, a median average of $50 million per organization, and a total of $189 billion in assets under management.

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