Billionaires may grab most of the news headlines, but a new landmark report reveals that they’re outnumbered nearly 10-to-1 by a fast-growing group of ultra-high-net-worth movers boasting $100 million or more in assets.
The first global study of the world’s 25,490 centi-millionaires pulls back the curtain on a growing class of super-rich tech titans, financiers, multinational CEOs and heirs who are not only traversing the globe to ski and fly-fish, but also to establish residency or citizenship in multiple countries. Centi-millionaires are the new global citizens—and multinational living is now key to their wealth management strategies. Here’s what to know about the profiles, movements, spending habits and future trends of this influential group.