The year 2020 was landmark for philanthropy. According to the 2022 Wealth-X philanthropy report, giving by individuals totalled around $488 billion globally, and, of that, $175 billion was by ultra-high-net-worth individuals — specifically anyone with a net worth of more than $30 million. In total, this averages out at almost $600,000 per UHNW globally.
Across all giving, UHNW donors saw the biggest increase in 2020, with total donations increasing by four per cent, compared to donations by non-UHNW individuals which increased by three per cent.
Read the rest of Katharine Swindell’s article for Spear’s here.
This article was originally published in Spear’s on May 6, 2022, read it here.