The number of super-wealthy individuals in the U.S. increased by 16% as of mid-year 2010 over the same period in 2009, a study by a marketing research firm finds.
Phoenix Marketing International, Rhinebeck, N.Y., found the number of ultra high net worth (UHNW) households increased after two years of declines. Its double-digit rise compares to a rise of only 4% in the overall number of affluent households since midyear 2009.
Phoenix defines UHNW households as those with $5 million or more in liquid assets. It defines affluent households as those with $250,000 or more in liquid wealth, or $150,000 or more in annual income.