A high-net-worth individual is a classification used by the financial services industry to denote an individual with liquid assets above a certain figure.
 | | Term of the Day | Words to Know | | |  | | High-Net-Worth Individual (HNWI) | High-net-worth individual (HNWI) is a person or family with liquid assets above a certain figure. The term is often used by the financial services industry. Although there is no precise definition of how rich someone must be to fit into this category, high net worth is generally quoted in terms of having liquid assets of a particular number. The exact amount differs by financial institution and region but could range from people with a net wealth of 6- to 7- or more figures.
The VHNWI classification—very high-net-worth individual—can refer to someone with a net worth of at least $5 million. Ultra-high-net-worth individuals (UHNWI) are defined as people with investable assets of at least $30 million, usually excluding personal assets and property such as a primary residence, collectibles, and consumer durables. | | Read More » | | Related to "High-Net-Worth Individual (HNWI)" | | | | Liquid Asset | | A liquid asset is an asset that can easily be converted into cash within a short amount of time. | | Read More » | | | Net Worth | | Net worth is a quantitative concept that measures the value of an entity and can be applicable to individuals, corporations, sectors and even countries. | | Read More » | | | Sophisticated Investor | | A sophisticated investor is a type of investor with significant net worth and experience, permitting advanced investment opportunities. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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