The ultra wealthy enjoy a global lifestyle. Extensive domestic and international travel is often a requirement for ultra high net worth (UHNW) individuals with at least US$30 million in assets. UHNW individuals are active players in the world’s aviation market; some frequently use commercial airlines, whereas others charter private planes or have fractional ownership plans.
The typical global jet owner is 63.6 years old, with an average net worth of $US1.66 billion and an average liquidity of US$195.5 million. UHNW individuals who own planes are overwhelmingly male, at 96.8%, and self-made, at 75.1%. Of global jet owners, 16.9% gained their fortunes through a blend of inherited and self-made wealth, and 8.0% entirely inherited their wealth. Jet owners spend about 1.0% of their net worth on private aircraft, with an average value of US$16.4 million per plane.
