Gareth Wilson

So there's a real concentration at the top of the pyramid.

So 1% represents 35%.

So there's really individuals there that meet your definition at two, three, 400 million plus.

Exactly.

Yeah, indeed.

Yeah, exactly.

Again, based on our Capgemini analysis in our World Wealth Report report,

When we compare 2024 to 2025, something like 10% growth in terms of that high net worth individuals in the US.

And that was growing the fastest globally.

Asia Pacific was also pretty positive on that basis.

And then when you looked at Europe and the UK, still growing, Maren, but less positively.

And then probably the Middle East was one example when we compared 24 to 25, where actually we saw a decrease in terms of some of that, both population and wealth.

But the US leading the way, followed by Asia Pacific.

It was.

Yeah, indeed.

Yeah, we're seeing positive trajectory on that basis.

And interestingly, to your point, Maren, for these high net worth individuals, we also saw equities become more important in their portfolio.

The stock market increases that we saw were certainly driving a proportion of that wealth population and wealth growth.

You can.

Yes.