Everyone has dreams of succeeding at this game we call capitalism. Day after day we hear stories of the people who succeeded despite all odds, and deep down there’s a part in all of us that would like to experience the same.
However certain people manage to go another step beyond when it comes to their economic success. We call these people Ultra High Net Worth individuals or UNHW, and today we’ll go over what it means to be a UNHW as well as how exactly do people reach this category.
What does it take to be an Ultra High Net Worth Individual?
Generally speaking, there’s only one consideration to be considered a UHNW individual, and it comes down to the number of investable assets a person counts with. So anybody that has at least $30 million in investable assets will immediately enter this classification. A straightforward requirement, though not necessarily one that is easy to fulfill.
Beyond that, there’s no need for other requirements or any sort of specific background. The list includes investors, inventors, CEOs, and even distant heirs to large franchises and brands. So trying to generalize the group is a complex task, but if you pay attention there are a few common threads to their stories.
What do they have in common?
Largely speaking most Ultra High Net Worth individuals are self-made millionaires. Of course, there are notorious exceptions like Wal-Mart heirs, but this is an exception and not the rule. The list brings up the importance of each individual both as an asset and as a manager of their wealth. This means that the public faces of successful companies like Bill Gates or Elon Musk are mainstays in the list.
The UHNW list shows the importance of individual achievements in the world of capitalism, as that is the most reliable way to become rich. Capitalism isn’t designed for the working class to break past their economic level and it takes one genius idea or a strategic mind to go past the boundaries of your social class or salary.
For those who don’t have a million-dollar idea the best angle to consider is investments. To be an investor you don’t require to have a unique and unrepeatable idea, all you need is good instinct and reliable information. An advisor can help you in every step of the process, and special reports like the one offered by Weber Global can also be a great frame of reference for any future investments. The road to UHNW status isn’t short, but investing is one of the most realistic ways to start on that path.
