The UHNW audience (individuals worth in excess of US$30 million) is experiencing rapid growth and is projected to increase by 31% by 2030. There are now approximately 510,810 UHNWIs worldwide, collectively holding a vast fortune of around $59.8 trillion, which exceeds the annual GDP of the US. For luxury brands, the UHNW audience offers incredible opportunities for business growth - after all, they spend an estimated $290 billion on luxury goods annually! According to the report, the $290 billion included: $115.6 billion on personal luxury goods like fine wines, spirits, furniture, and homeware $100.9 billion on luxury cards $28.6 billion on private jets and yachts $25.3 billion on luxury hospitality $19.6 billion on fine art Source. Joanna Lewis - Relevance Read the blog: https://relevance.digital/world-ultra-wealth-report-2025-uhnw-audience-experiences-rapid-growth/