From the Wires
Year Of The Snake Predictions For China's Ultra Wealthy
Wealth-X Unveils Eight Predictions for China's UHNWIs
By: PR Newswire
Jan. 21, 2013 12:57 AM
SINGAPORE, Jan. 21, 2013 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, has released eight predictions for China's ultra high net worth individuals (UHNWIs) for the Year of the Snake.
2013 Predictions for China's UHNWIs:
China's UHNW population is expected to increase by 9% to 12,250 in 2013 while the combined net worth of these UHNWIs will rise by 8% to reach US$1.7 trillion. The most significant increase is expected to be in the number of Chinese private jet owners, which will see an increase of 100% to reach a total of 150.
Commenting on the predictions, Wealth-X CEO, Mykolas D. Rambus said, "As China makes the transition to an economic model based on domestic consumption, 2013 is set to be a prosperous year for the Chinese UHNW population. In particular, we expect to see the private jet industry take off due to the surge in demand for private aircraft as new status symbols."
For the full list and supplemental analysis, please visit: http://www.wealthx.com/articles/2013/8-predictions-for-china-uhnwis
Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally. The firm's Wealth-X Professional solution is the standard for banking, marketing and not-for-profit professionals working with the ultra affluent. Wealth-X is headquartered in Singapore with offices in all major financial centres.
For more information about Wealth-X, please visit: www.wealthx.com
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