Ultra-high-net-worth population rises 22.9% in first half of 2025

As of June, the city ranked sixth globally by UHNW population.

Hong Kong’s ultra-high-net-worth individual (UHNW) population increased 22.9% from 2024 to the first half of 2025, outpacing growth amongst the top ten UHNW countries.

As of June, the city ranked sixth globally by UHNW population according to a Financial Services Development Council report.

The increase strengthened the city's concentration of private wealth at a time when demand for alternative assets, including art and collectables, remains closely linked to UHNW activity, the report said.

The Hong Kong Museum of Art recorded its five-millionth visitor in May.

Meanwhile, figures referenced from an Art Basel and UBS Global Art Market report showed that the Chinese Mainland and Hong Kong accounted for 15% of the global art market value in 2024, ranking third after the US and the UK.

In line with this, the region captured 25% of global public auction sales by value in the same period.

The number of third-party guarantee lots in Hong Kong doubled, whilst the average low estimate rose 28% to around $3m between November 2023 and 2024.