BCG said that in 2020, 6,000 people worldwide became ultras. This ultra segment grows at 9% a year since 2015. The ultra is a segment that consist of individuals whose total financial wealth exceeds US$100 million. There are now 60,000 people in this category and they have $22 trillion in investable wealth. This represents 15% of the world’s total investable assets. The Ultra High Net Worth Today will be the Ultras of Tomorrow Over the next 10-15 years, the market that private banking may wish to capture are the unique young ultra high net worth people. They are age 20 to 50 years old. They will get their wealth from life-changing inheritance or have built up the wealth themselves. The interesting thing about this generation is that

1. They have longer investment horizons.
2. Greater appetite for risk.
3. A strong desire to use their wealth to create positive societal impact as well as solid returns.

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