Which Caribbean Destination is Home To The Most Super-Rich?

Home » Live & Work » Investments » Which Caribbean Destination is Home To The Most Super-Rich?

The number of high net worth individuals in the Caribbean has increased by 2.1% according to a recent Wealth-X report. With at least US$30 million in assets, these 1,155 super-rich are spread across the entire region. Below we share some highlights and a graphic detailing population and combined net worth for each Caribbean destination.

Highlights from the Wealth-X Caribbean Wealth & Investment Report 2015
* The 1,155 ultra high net worth individuals are spread across 28 Caribbean destinations and have a combined net worth of US$190 billion.
* The Caribbean-based ultra high net worth individuals represent just 0.55% of the global population of 211,275 ultra high net worth individuals.
* Only three Caribbean destinations have over 100 ultra high net worth individuals; this includes the Dominican Republic with 265, Puerto Rico with 110 and Bermuda with 102.
* 67% of the Caribbean based ultra high net worth individuals relocated from another country with the majority coming from the United States, the United Kingdom, and Canada.
* One of the driving factors for growth is the current value of luxury properties in the region which are 10-15% below their 2008 highs and increased more than 10% in 2013 and 2014.
* Lower taxes, as well as some Caribbean destinations offering residency permits and citizenship, are two other major reasons for the growth of ultra high net worth individuals in the region.
* Smaller Caribbean destinations like Montserrat with a population of just 5,000 rank well against some of the larger islands, having 10 ultra high net worth individuals with combined net worth of US$2 billion.

Population & Combined Ultra High Net Worth For Each Caribbean Destination
2014 Caribbean Ultra High Net Worth Individuals

Share this Image On Your Site

Top photo: Living room view of Palazzate, a 75,000 sq ft luxury beachfront mansion for sale in Barbados.  Asking price: US$125million.  Contact: Alistair Brown 1-246-262-8112 or 1-772-341-0132 

Like this post?
Find out which Caribbean destinations are home to the most ultra high net worth individuals (UHNWI). These are people with at least US$30 million in assets.

The following two tabs change content below.
Ursula Petula Barzey

Ursula Petula Barzey

Founder | Digital Content Creator at Caribbean & Co.
Ursula Petula Barzey is a digital marketing professional and Founder of Caribbean & Co. which has allowed her to reconnect with her Montserratian and Caribbean roots!