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The number of individuals with ultra-high net worth, defined as those with assets exceeding USD 30 million, continues to rise globally. According to the latest Wealth-X World Ultra Wealth Report, there are an estimated 295,450 ultra high net worth individuals (UHNWI) worldwide, representing a 5.5% increase from 2021. North America remains the region with the highest concentration of UHNWI, followed by Asia and Europe. The growth in UHNWIs is attributed to strong performance in financial markets, the rise of entrepreneurship, and inheritance.