French and Italian UHNW Populations Lose at Least One UHNWI Every Three Days Since the Start of 2012

LONDON, July 11, 2012 /PRNewswire/ -- Wealth-X, the UHNW client development solution for bankers, marketers and fundraisers, has released its latest intelligence report on ultra high net worth (UHNW) populations in France, Italy and Germany.

Wealth-X estimates that there are 22,612 individuals resident in France, Italy and Germany worth US$30 million or more. While 121 individuals have exited the French UHNW population and Italy's UHNW population has lost 63 individuals, Germany has seen at least 231 new individuals join the ranks of the ultra wealthy. The combined wealth of the UHNW populations in France, Italy and Germany exceeds US$ 2.9 trillion.

Wealth-X CEO, Mr. Mykolas D. Rambus said, "The average age of UHNWIs in these countries and the current political impetus towards tax policies that redistribute wealth puts pressure on professionals who engage with these UHNWIs to refine their wealth shielding strategies for UHNW clients." 

Mr. David Lincoln, Wealth-X Director of Research, also commented on the report. "Our research indicates that the number of billionaires in Indonesia surpasses the numbers seen in France and Italy on an individual basis," he said. "Such insight should prove invaluable for targeting decisions and strategies."

For more information and to download a copy of the report, please visit:

http://www.wealthx.com/articles/2012/France-Italy-Germany-Intelligence-Report/

About Wealth-X

Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth (UHNW) individuals, along with the privately held-companies they control. We work with 8 of the top 10 global private banks, leading educational institutions, not-for-profits and luxury brands. Our firm's online business development solution profiles individuals who represent US $10.7 trillion of the world's net wealth. The Wealth-X database additionally offers exclusive details on ultra wealthy individuals, including their wealth, income, passions, philanthropic interests, affiliations, politics, advisors, families and biographies. Wealth-X is the global leader on UHNW individuals and the worldwide standard for professionals working with the ultra affluent. Headquartered in Singapore, the company has offices in Beirut, Budapest, Guangzhou, Hong Kong, Kuala Lumpur, London, Lugano, Madrid, Mumbai, New York, Sydney.

SOURCE Wealth-X