It is said that one in 39 residents is extremely wealthy in the Principality.
They are called UHNWIs, or ultra-high net worth individuals. This means extremely wealthy individuals indeed, with at least $30 million in investable assets, excluding property, which is just over €25 million.
According to the latest “Luxury Real Estate 2023” report published by the Altrata platform, Monaco has the highest density of UHNWIs in the world. The Principality boasts one extremely wealthy individual for every 39 residents.