NEW YORK (PRWEB) September 23, 2021
Wealth-X, the leader in applied wealth intelligence, has announced several significant expansions made to the company’s proprietary global database today, adding more than 735,000 new profiles and enhancing more than 420,000 existing profiles on wealthy individuals around the world with additional data.
In an effort led by Wealth-X’s Data Strategy team, these new data assets uncover individuals who are very high net worth (VHNW, $5 – $30 million), ultra high net worth (UHNW, $30 million+) or who are Potentially Wealthy and currently being researched further to confirm their appropriate wealth tier.
Public Company Insider Shareholders Expansion
Insider shareholders are directors or major shareholders of publicly listed companies who are required to disclose the number of shares they own in those companies and any transactions in those companies’ stock to regulators.
This refresh created nearly 27,000 new profiles on wealthy individuals, including 4,537 new VHNW profiles, 4,440 new UHNW profiles, and 18,009 new Potentially Wealthy profiles.
This update enhanced more than 11,500 pre-existing profiles with additional shareholdings added to their assets, which resulted in the promotion of more than 1,200 Potentially Wealthy profiles to VHNW or UHNW.
The top countries & regions covered by this expansion were:
- United States: 9,559 new profiles
- APAC: 8,351 new profiles
- Europe: 4,055 new profiles
- Canada: 2,302 new profiles
- India: 1,753 new profiles
- Middle East: 467 new profiles
New profiles include the basic demographic information like date of birth, residence and bio, as well as business contact information, career history and board positions, one or more valued public company shareholdings, and cash proceeds from any declared insider transactions.
The Wealth-X Data Strategy team examined relationships between these new records and identified around 8,500 family relationship entries to 4,200 profiles using a relationship scoring algorithm. In addition, the team identified 720,000 Known Associate relationships entries to 92,000 dossiers using similar algorithm.
Private Company Shareholders Expansion
Wealth-X reviewed financial disclosures and ownership records for private companies across the globe and identified their ultimate beneficial owners estimated value of their private company ownership stakes. As a result, over 700,000 new Wealth-X profiles were created, including 61,816 new UHNW profiles, 207,090 new VHNW profiles, and 440,203 new Potentially Wealthy profiles.
In total, over 760,000 private company stakes worth a total of US$1.97 trillion were added to the new profiles’ valuations. New profiles were also filled out with the following data points: Full Name, Date of Birth, Gender, Alternative Names, Residence, Hometown, Business Contact Address & Phone Number, Education History.
Wealth-X also updated the values of private company stakes in more than 215,000 previously existing profiles. In total, private holdings in previously existing profiles worth $407 billion were updated. The updates resulted in 3,513 previously existing profiles being upgraded to the UHNW wealth category and 5,602 previously existing profiles being upgraded to the VHNW wealth category.
Wherever possible, other data points including Date of Birth, Gender, Alternative Names, Residence, Hometown, Business Contact Address & Phone Number and Education History were updated in these 215,491 profiles to make them more complete.
BoardEx LinkedIn Profiles
- Leveraging BoardEx’s dataset, 102,231 new LinkedIn profile URLs were added to pre-existing profiles matched to Wealth-X database records
WealthEngine Residential Real Estate
- Leveraging WealthEngine’s US residential real estate data, the Wealth-X Data Strategy team identified and added 281,000 additional real estate properties worth $346.7 billion to 92,400 pre-existing Wealth-X profiles
Leveraging WealthEngine’s database, more than 100,000 profiles were updated with email addresses. For more information on Wealth-X and how to gain access, please visit: https://www.wealthx.com/solutions/database-access/
About Wealth-X
The global leader in wealth information and insight, Wealth-X partners with prestige brands across the financial services, luxury, nonprofit and higher-education industries to fuel strategic decision-making in sales, marketing and compliance. Wealth-X has developed the world’s largest collection of records on wealthy individuals and produces unparalleled data analysis to help organizations uncover, understand, and engage their target audience, as well as mitigate risk. Founded in 2010, with staff across North America, Europe and Asia, Wealth-X provides unique data, analysis, and counsel to a growing roster of over 500 clients worldwide.
About Euromoney People Intelligence
Euromoney People Intelligence, a Pillar of Euromoney PLC, provides organizations with unique data intelligence that connects them with the individuals who will have the greatest impact on their goals. Euromoney People Intelligence is comprised of three unique brands: BoardEx, Relationship Science, WealthEngine, and Wealth-X. We empower our clients to build greater relationships, obtain and manage their best talent and reduce commercial risk.
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