Gareth Wilson

Thank you, Maren.

Great to be on Maren Talks Money.

So a high net worth individual is an individual who has investable assets that's greater than a million dollars merit.

Everything except your house.

Everything except your house.

And if you've got investable assets between one and five million, we refer to you as a millionaire next door.

If you've got assets between five and 30, we talk about you as a mid-tier millionaire.

And then for the bracket of individuals who have assets or investable assets of greater than $30 million, high net worth individuals.

You do.

Ultra high net worth individual, sorry.

And that's the interesting thing that we're seeing, Maren, the growth in terms of that population.

So when you look at that full high net worth individual population, I think we're talking about 25 million people globally.

And we've added, when we look at the year 24 versus 25, we've added 2 million additional high net worth individuals.

So the population is growing and

but their absolute wealth is growing as well, Maren.

And it's growing at the fastest level when we compare 2024 to 2025 for the last five years.

Well, we've captured that ultra high net worth individual segment, if I could describe it that way, Maren, as above 30 million.

So we haven't looked at bands within that.

However, when we look at that group as well,

It's something like 1% of those total high net worth population, and they own something like 35% of that total wealth.