|(Illustrative photo: thanhnien.vn)
The annual Wealth Report by Knight Frank said there were 1,059 "ultra-rich" people in Vietnam in 2022, up from 538 in 2017, or an 82% increase.
An ultra-rich person is defined by Knight Frank as someone with a net worth of at least 30 million USD.
By 2027, the number of ultra-rich in Vietnam is projected to hit 1,300, an increase of 22% from 2022, and that’s a 122% increase over the span of a decade, according to the company’s report.
The number of high-net-worth individuals, defined as those with assets worth at least 1 million USD, has also increased by 70% over the last five years, from 40,971 people in 2017 to 70,000 in 2022.