The world's wealthiest are getting poorer—and China is leading the $2 trillion global wealth write off
Capgemini’s World Wealth Report 2019 shows that the ultra-high-net-worth individual population declined by 4%, and their wealth declined by around 6%. This plunge accounted for 75% of the total global wealth decrease.
Investors watch the electronic board at a stock exchange hall in Nanjing, Jiangsu Province of China. The decline in global wealth was driven by China with the Asia-Pacific region representing $1 trillion of the global decline in wealth, as the HNWI population decreased by 2% and HNWI wealth by 5%. The report notes: “China alone was responsible for more than half of Asia-Pacific and more than 25% of global HNWI wealth loss.
He adds: “We don't separate out billionaires, but I don't think that they're immune or exempt from this. UHNWIs is where we've seen the biggest decline and they're a part of that globally.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Beijing to impose sanctions on U.S. firms involved in $2.2B Taiwan arms dealBeijing said it will issue sanctions against the U.S. companies involved in the latest arms sale to Taiwan, as tensions between China and the United States continue to rise
Leer más »
Taiwan defends U.S. arms deal after China sanctions threatThe U.S. does not have formal diplomatic ties with Taiwan, but U.S. law requires that it provide Taiwan with sufficient defense equipment and services for self-defense.
Leer más »
Beijing to impose sanctions on U.S. firms involved in $2.2B Taiwan arms dealBeijing said it will issue sanctions against the U.S. companies involved in the latest arms sale to Taiwan, as tensions between China and the United States continue to rise
Leer más »