The very high net worth (VHNW) population increased by over 10 percent in 2019 to 2.7 million, while their total net worth also increased by over 10 percent to $26.6 trillion.

This is a sharp increase from growth of just 1 percent in 2018, according to a report by Wealth-X.

In the Very High Net Worth Handbook 2020, VHNW individuals are defined as those with wealth ranging from $5 million to $30 million.

However, these gains in wealth were not evenly distributed across the globe, nor gender. Women account for just 14.2 percent or 378,000 of the 2.7 million VHNW individuals around the world.

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