The ultra wealthy. they’re just like us. except for a few small issues.
The wealthiest individuals in the U.S. tend to own a few houses throughout the globe, have more than a dozen automobiles and spend hundreds of thousands on their jewelry and effective artwork collections.
ultra high net price individuals own an ordinary of nine overseas homes, in keeping with a contemporary record from AIG personal consumer workforce. The insurance coverage large analyzed data on its wealthiest purchasers, and defined ultra excessive internet worth people as individuals who pay greater than $ 250,000 in personal insurance coverage premiums a yr. the corporate mentioned it insures 40% of the individuals on the Forbes 400 richest american citizens checklist.
more than half the homes owned through this super rich staff are positioned within the Americas, with 14% of the homes located in Mexico.
“i will surmise proximity, local weather and familiarity are factors that might weigh in,” mentioned Jerry Hourihan, president of AIG’s personal shopper team for North the usa.
The Bahamas is also a popular place at thirteen%, followed by means of England. France and the Caribbean spherical out the highest 5 sizzling international spots, accounting to 9% of out of the country houses each.
The tremendous wealthy must haven’t any drawback getting round seeing that they personal an ordinary of 19 “regular-use” automobiles, or non-collectible cars.
they’re additionally spending large bucks on artwork and jewelry. The insurance large said that this workforce has a normal of $ 19.6 million of insured wonderful art and $ 1.7 million in jewellery.
insurance for mega yachts can be a well-liked want for this workforce of customers, consistent with Hourihan, along with coverage for wine and antique car collections.
“we’ve got considered purchasers make investment picks that steer more towards their non-public passions,” he mentioned.
CNNMoney (big apple) First revealed December 5, 2016: 3:fifty nine PM ET
personal finance information – CNNMoney.com