2023-06-01 18:34:57
Those with the highest net worth saw their numbers and the value of their wealth experience the biggest decline in a decade last year. This is the result of an international study conducted by the consulting firm Get hold of it.
The number of wealthy people in the world, defined by Capgemini as people whose money available outside their main residence exceeds one million dollars (around 900,000 euros), fell by 3.3% in 2022 to 21.7 million. people.
Logically, the value of their fortune has also declined, with an estimated total wealth of 83,000 billion dollars (about 75,500 billion euros), a decrease of 3.6% compared to the previous year.
The weight of the stock market decline
“This represents the largest setback in ten years, due to macroeconomic and geopolitical uncertainties”, underlines Capgemini in its report which assessed 71 countries and uses as its methodology a statistical census system and a graphical representation called the Lorenz curve. The outbreak of war in Ukraine and its consequences on the planet, as well as soaring inflation and rising central bank interest rates have made 2022 a particularly difficult year economically.
In addition, the stock market indices experienced a sharp decline last year: the CAC 40 lost 9.5%, the Nasdaq in the United States plunged by 33%, and the S&P 500, comprising the 500 main American companies, fell 20%. “There is necessarily a correlation” between the evolution of stock market indices and that of fortunes because fortune is increasingly made up of financial assets, believes Elias Ghanem, director of financial research for the Capgemini group.
Some of the wealthiest themselves have seen a marked slowdown in their progress in 2022, from LVMH boss Bernard Arnault (owner of “Parisien” and “Today in France”) to Facebook founder Mark Zuckerberg or the heiress of L’Oréal Françoise Bettencourt Meyers, according to the real-time wealth index of Forbes magazine.
In detail, fortunes located in North America experienced the largest decline in value with -7.4%, followed by those located in Europe (-3.2%) and Asia-Pacific (-2.7%). ), according to the Capgemini study. Conversely, those located in Africa, Latin America and the Middle East grew thanks to solid performances in the oil and gas sectors, whose prices soared with the outbreak of the war in Ukraine and the sanctions imposed on Russia by the West.
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