Celebrating Women's Achievements on International Women's Day: A Look at Female Ultra-High Net Worth Individuals
Thu 07 Mar 2024
As we approach International Women's Day on March 8th, it's a moment to reflect on the incredible strides women have made across the globe in various areas of life. This day is not only about celebrating women's achievements but also about recognising the ongoing journey towards gender equality. One area where we've seen notable progress is in wealth and finance.
According to recent data from #Dataloft, Wealth-X World Ultra Wealth Report, and Knight Frank Wealth Report 2024, women are increasingly making their mark among Ultra-High Net Worth Individuals (UHNWIs), defined as those with a net worth of $30 million or more. As of the latest statistics, women now represent approximately 11% of the world's UHNWIs. What's even more impressive is that this figure has seen significant growth, up from 6% in 2016.
One particularly promising trend is the outlook among female Gen Z UHNWIs. A staggering 81% of them anticipate their wealth to increase in 2024, indicating a positive trajectory for female UHNWIs. This optimism is a testament to the determination and entrepreneurial spirit that many women possess, driving them to excel in their respective fields and amass substantial wealth.
Property stands out as one of the key asset classes for UHNWIs, and it's noteworthy that more than a fifth of global UHNWIs are planning property purchases in 2024. This highlights the strategic investment decisions being made by affluent individuals worldwide, including a growing number of women who are actively participating in the real estate market.
One woman who exemplifies this trend is Denise Coates, the founder and CEO of Bet365, whose net worth is estimated at an astounding £6 billion. Coates' success story not only showcases her entrepreneurial acumen but also serves as inspiration for aspiring female leaders and wealth creators around the world.
As we celebrate International Women's Day, it's essential to recognise the achievements of women like Denise Coates and the countless others who are breaking barriers and reshaping industries. However, it's also vital to acknowledge that there's still work to be done in achieving true gender parity, particularly in traditionally male-dominated spaces like finance and entrepreneurship.
Efforts to support and empower women in these areas must be ongoing, encompassing initiatives such as mentorship programs, access to capital, and policies that promote diversity and inclusion. By fostering an environment where women can thrive and succeed, we can ensure that the rise of female UHNWIs continues unabated, contributing to a more equitable and prosperous future for all.
As we mark International Women's Day this year, let's celebrate the achievements of women in finance and beyond, while also renewing our commitment to advancing gender equality in all aspects of society. Together, we can build a world where every woman has the opportunity to reach her full potential and make her mark on the world.