Additionally, the ultrawealthy (net worth of at least 30 million) were hit harder than the merely rich.. Consider the results of 13th Annual World Wealth Report. It showed that although both the magnitude of wealth and the number of millionaires decreased by about 19% in 2008. The ultra-wealthy saw their ranks drop 25%, with their wealth dropping 24%.
This is particularly relevant in interpreting such data because the loss of wealth among the ultra-wealthy disproportionately affected the overall trends. Although the ultra-wealthy make up less than 1% of the total millionaires, they hold 34.7% of the wealth.
