Viet Nam is expected to have around 300 super-rich people, or ultra-high net-worth individuals (UHNWIs), by 2024, according to the latest Wealth Report 2015 prepared by British property consultant firm Knight Frank.

The Southeast Asian country will also see the fastest growth rate in the number of UHNWIs at 159% in the 2014-2024 period, followed by Indonesia (132%) and the Ivory Coast (119%), the report said.
In 2014, Vietnam had 116 UHNWIs, up 6% from 2013 and 231% from 2004.

A Toyota Lexus car is parked in downtown Ho Chi Minh City.

As defined by Knight Frank in the report, UHNWIs are those with assets of 30 million USD or more.

Among the Vietnamese ultra-rich, the number of centa-millionaires, those with more than 100 million USD in disposable assets, rose 214% in the 2004-2014 period to 22 people and will surge 155% to 56 individuals between 2014 and 2024, the world’s highest rate, according to the report.

Meanwhile, the number of billionaires is forecast to stand at three by 2024, a 200% rise compared to only one in 2014.

Knight Frank also predicted that Asian cities will see 91% growth in the number of super-rich people in the next decade, of which the highest growth rate will be in cities like Ho Chi Minh City, Jakarta (Indonesia), Mumbai or Delhi (India).

According to the Wealth Report 2015, the number of super-rich people in the world increased to more than 172,000 people, with total assets of nearly 22 trillion USD last year.

This group is expected to grow to 230,000 people by 2024, said the report.