The rich are losing $3 trillion

by time news

2023-06-01 07:19:41


Follow the Formula 1 race in Monaco from your own yacht – and turn it into a party: the audience on the water at the classic race on May 28, 2023
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Even the very wealthy feel the price losses on the stock exchanges. The number of millionaires, but also their wealth, has shrunk more than it has in ten years.

Dhe year 2022 has been one of the worst years for investing. Both the equity and bond markets suffered severe price losses. These are also reflected in the current World Wealth Report by the consulting firm Capgemini.

Accordingly, the number of people with fixed assets of more than one million dollars decreased by 3.3 percent to 21.7 million. Their wealth shrank from $86 trillion to $83 trillion. In the current year, the situation on the stock exchanges is more positive, which is why Klaus-Georg Meyer, who is responsible for financial service providers at Capgemini in Germany, believes that rising numbers are possible again in 2023.

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