Otherwise known as HNWIs (pronounced hen-wees).
Generally categorised as individuals with more than US$1 million of financial assets (i.e. worth excluding the value of their main home) available for investment.
The proportion of HNWIs within an economy is a measure of:
- Inequality
- The concentration of economic power within it.
- The likelihood of low multiplier effects as the savings ratio is likely to be high.
- The likely exposure to offshore tax abuse within the economy as HNWIs are must likely to undertake such activity.
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