Knight Frank has released its 2021 Wealth Report which found that the global Covid-19 pandemic has proven good news for the super rich due to surging asset prices driven by lower interest rates and fiscal stimulus. The ultra-high-net worth population (individuals with a net worth of $30 million or more) climbed 2.4% to 520,000 over the past 12 months with growth particularly strong in Asia at 12%. Growing inequality is now viewed by many as the greatest single risk to future wealth accumulation with public support growing for wealth taxes. Knight Frank notes that new or proposed plans are in place in Argentina, Canada and South Korea with similar efforts likely to be implemented elsewhere. Considering the growing gulf between the super rich and the rest of the global population, how much money would a person need to make in different countries to join the exclusive and oft-maligned club of the top 1% wealthiest individuals?
This year, Knight Frank used its Wealth Sizing Model to…