While North America accounts for 69% of private jets, it lags behind in terms of private jets based there as a percentage of its super-rich population. That and several other interesting factoids are part of Wealth-Xs “Spotlight on private jet owners. ”
Although private jet travel is breaking records in North America, the Wealth-X report shows that the number of private jets – 15,822 – is only 14.1% of UHNWs and 1.4% of VHNWs in the region.
Ultra-high net worth individuals have a net worth of over $ 30 million, while the very high fortunes have a net worth of $ 5 million to $ 30 million.
The Middle East, often considered a hotspot for private aviation, has 513 private jets, representing only 5.6% of the UHNW population and 0.7% of the VHNWs.
Europe is second only to North America in terms of the number of private jets. However, these aircraft represent only 3.8% of the UHNW population and 0.4% of VHNWs.
The region with the most private jets as a percentage of the rich people is Latin America and the Caribbean. Although there are only 1,476 business aircraft, it represents 23.4% of the UHNW population and 2.5% of the VHNW census.
Africa also beats North America in popularity of private jet ownership as a percentage of the well-heeled. The number of private jets on the continent represents 18.8% of UHNWs and 2.0% of VHNWs.
Private Jets as a% of the UHNW and VHNW population
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The reasons why there are more private jets per. Rich people in Latin America and Africa may have more to do with the fact that in North America and Europe there is a much wider range of options for accessing private aviation.
Fractional ownership programs and jet cards are widely offered only in North America and to some extent Europe. Latin America and Africa do not have the many quality charter operators found in North America, Europe and the Middle East.
Who owns private jets?
Overall, Wealth-X found that jet owners were more likely to be male than the total UHNW population by a margin of 97% to 90%.
The analysis also found that both UHNW full-beam and fractional owners are more passionate about philanthropy than the general UHNW population. Philanthropy is a personal interest for 53.6% of jet owners and 43.3% of fractional owners compared to 32.7% of all super-rich.
If you’re wondering how rich private jet owners are, Wealth-X says full jet owners have a median value of $ 190 million compared to $ 140 million for fractional owners and just $ 52 million to the general UHNW population.
Do you want to own a private jet?
According to Wealth-X, your best route is a career in banking and finance (21.7%), business and consumer services (12.6%), real estate (8.6%), hospitality and entertainment (5.3% ) or manufacturing (5.2%).
What is Wealth-X?
The company provides marketers with detailed dossiers on the super-rich, including where they went to school, how many homes they own, the businesses they own and different interests from what they collect to how they spend their free time.
Michael W. Phillips, vice president of marketing and communications for the group, says: “The majority of the jet report’s data is based on the cases of wealthy individuals contained in the Wealth-X Database. This database now covers more than $ 40 billion in private aviation assets that match wealthy individual owners, meaning thousands of jets and their owners are included in the analysis. So even though this analysis is based on a sample of the jet-owning universe, it is by far the most comprehensive, and we have a very high degree of confidence that this represents them robustly. ”