PARIS: The world has by no means had so many wealthy folks and their investments in hovering inventory markets have made them wealthier than ever recorded, based on a examine printed on Wednesday (Jun 5).
The variety of “excessive internet value people” (HNWI) – outlined as folks with liquid belongings of at the very least US$1 million – rose by 5.1 per cent final 12 months to 22.8 million, based on consulting agency Capgemini.
Their complete wealth reached US$86.8 trillion in 2023, a 4.7 per cent enhance from the earlier 12 months, based on the annual World Wealth Report.
The variety of HNWI and their complete wealth are the very best since Capgemini started the annual examine in 1997.
Their fortunes have risen as inventory markets have surged: New York’s tech-heavy Nasdaq soared 43 per cent in 2023 whereas the broad-based S&P 500 gained 24 per cent.
The Paris CAC 40 grew 16 per cent whereas the Frankfurt DAX superior by 20 per cent.
The variety of HNWI and their wealth had every fallen by greater than three per cent in 2022, a 12 months of macroeconomic uncertainty and geopolitical tensions, the report stated.
The decline of their wealth was the steepest in a decade as equities fell.
