Terms like “High Net Worth Individuals (HNWIs)” and “Ultra-High-Net-Worth Individuals (UHNWIs)” are frequently used to differentiate the level of richness and wealth. Both differ in financial capability, investment strategies, and lifestyle choices. For instance, Oprah Winfrey, whose net worth was $3b and Aliko Dangote ($11.6b) as of November 2024, are not in the same category as … Read more
What Defines Extreme Wealth? Ultra-High-Net-Worth Individuals (UHNWIs) are people whose investable assets exceed $30 million, excluding personal assets like primary residences. This elite group represents the pinnacle of global wealth, commanding significant economic, social, and philanthropic influence. UHNWIs’ wealth is often diversified across assets such as equities, real estate, and private businesses. Characteristics of UHNWIs … Read more
The discussion in Nigeria’s taxation space lately has been how to tax the High Net Individuals (HNIs) more. Already, the Internal Revenue Service of the Federal Capital Territory Abuja has opened a special unit, targeting individuals who earn an annual income of N25,000,000 or more. So, Who Are The High Net-Worth Individuals? The term “High Net Individuals” … Read more