This study presents a statistical analysis of ultrahighnetworthindividuals based on two criteria: the sources of wealth and the involvement of the family in the business.
This is highly unlikely to happen anytime soon, for while Africans in general are an extremely charitable lot, only a tiny fraction of its ultrahighnetworthindividuals are significant givers.
Mr Muller-Otvos nevertheless said he was optimistic about the future as the segment for "ultra-luxurious" cars is growing in line with the rising number of "ultra-high networthindividuals".
However, even more than gadgets and gimmicks, so-called "Ultra-High NetWorthIndividuals" value fairly simple fundamentals of a great customer experience, said Milton Pedraza, CEO of the Luxury Institute, a research firm focusing on the nation's wealthiest 10%.