Who is Considered a High Net-Worth Individual?
Officially, there is no formal criteria you have to meet to be considered a high-net-worth individual (HNWI) in Australia. However, financial professionals across the country have developed their own criteria to help categorise the nation’s wealthiest people. Depending on the value of their liquid assets, these wealthy individuals may fall into any one of the following three categories:
- Very-high-net-worth individuals
- Ultra-high-net-worth individuals