UK households are £1.2 trillion poorer after the Brexit vote sent the pound tumbling, according to a new report.
There are also more than 400,000 fewer dollar millionaires in the UK, with the most wealthy hit by sterling's slide and falling high-end property values.
The study by Credit Suisse found UK household wealth dropped by 10% in US dollar terms to $14 trillion (£11.3 trillion) in the year to the end of June as a "direct consequence" of Britain's vote to quit the European Union.
It also found that since the end of June, wealth per adult in Britain has dropped by another $33,000 (£26,514).
The pound plunged by 15% in the immediate aftermath of the shock referendum decision on June 23, while the FTSE 100 Index also plunged into the red.
While the FTSE has since staged an impressive turnaround, the pound has languished at 31-year lows against the dollar.
"The impact of the Brexit vote is widely thought of in terms of gross domestic product, but the impact on household wealth bears watching," commented Michael O'Sullivan, chief investment officer of international wealth management at Credit Suisse.
"Since the Brexit vote, UK household wealth has fallen by $1.5 trillion (£1.2 trillion). Wealth per adult has already dropped by $33,000 (£26,514) to $289,000 (£232,243) since the end of June. In fact, in US dollar terms, 406,000 people in the UK are no longer millionaires," he stated.
But the Credit Suisse report showed that in pound sterling terms, wealth per adult was 6% higher year-on-year as at the end of June and is a third higher than it was before the financial crisis struck.
It also found that the UK remained third for the number of ultra-rich individuals, who own more than £50m in assets, behind the US and China.
There are 700 fewer so-called ultra-high net worth individuals in the UK at 4,700 out of 141,000 globally.
The UK's $14 trillion (£11.3 trillion) in private wealth is shared among 49 million adults.
Credit Suisse said the UK has 2.2 million dollar millionaires, representing 6.8% of all millionaires in the world.
The report found that global wealth rose by 1.4% to $256 trillion (£206 trillion), but this is down to the increase in adult population, as wealth per adult has remained flat at $52,800 (£42,430).
