Estimated 550 millionaire couples in the UK could divorce this year with collective net wealth of £1.91bn

Estimated 550 millionaire couples in the UK could divorce this year with collective net wealth of £1.91bn

New analysis from independent wealth management company Succession Wealth has revealed that as many as 550 UK couples each with net financial wealth of £1 million or more, will divorce this year.

It estimates that collectively they have around £1.91 billion of net wealth, or £3.48 million per couple.

In terms of how this wealth is broken down between different assets, its analysis suggests that 43 per cent is held in private pensions, followed by 31 per cent in property wealth.

 Assets

Percentage breakdown of net financial assets belonging to divorcing couples with net assets of £1 million or more

 Estimated collective value of net assets belonging to divorcing couples with net assets of £1 million or more

Estimated average value of net assets belonging to typical  divorcing couple with net assets of £1 million or more

Financial wealth

20%

£390,694,631

£712,291

Property wealth

31%

£589,709,104

£1,075,122

Physical wealth

5%

£102,309,363

£186,524

Private pension wealth

43%

£825,966,500

£1,505,853

Mark Stokes, head of communications at Succession Wealth, which has more than £7.75 billion of investments under management for over 20,000 clients, said: “Divorce is a traumatic experience and is often very expensive. We look to partner with clients during this challenging period to confidently develop clear step by step plans which help them create the lives they want and ensure their finances stay in order.”


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