The number of multimillionaires across the world is shrinking.
The global ultrahigh-net-worth (UHNW) population has declined for the first time since 2018, according to the 2022 World Ultra Wealth Report released on Wednesday. The annual report, which was published by Altrata using Wealth-X data, found that the number of individuals with a net worth of $30 million or above fell by six percent to 392,410 in the first half of 2022.