The world wealth declined in 2022 for the first time since 2018 mainly due to the appreciation of the dollar against several currencies and inflation, which caused a reduction in private net worth of $11.3 billion or 2.4% less than the previous year, according to the report annual wealth report from Credit Suisse-UBS bank. Financial […]
Tag: world wealth
Wealth of billionaires soars in 2021, with more inequalities
The wealth accumulated by the world’s billionaires has exploded this year due to the financial effects of the COVID-19 crisis, which has caused an increase in inequalities, particularly with the poorest half of the population, who only owns 2% of the assets. The wealth of the 520,000 people that make up the select group of […]
China overtakes the US in world wealth ranking that continues to rise
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Global wealth has tripled in the past two decades, with China leading the way after overtaking the United States to rank first globally. That is one of the conclusions of a new report from the research branch of the consultancy McKinsey & Co., which examines the national balance sheets of 10 countries that represent more […]