Booming global stock markets swell ranks of the super rich

Booming global stock markets swell ranks of the super rich

World population of people in ultra-high-net-worth bracket increased by 12% last year Almost 30,000 people joined the ranks of the global s... 00:01:00

World population of people in ultra-high-net-worth bracket increased by 12% last year

Almost 30,000 people joined the ranks of the global super-rich last year, as booming global stock markets boosted the fortunes of the already very-rich and tipped them over into the ultra-high-net-worth bracket.

The global population of UHNW people, classed as those with more than $30m (£23m) in assets, increased by 12.9% last year to a record 255,810 people, according to a report by research firm Wealth-X.

Continue reading...

from US news | The Guardian https://ift.tt/2wJvTmJ