Number of global ultra high net worth individuals hits record high

Credit Suisse finds those with assets exceeding $50m total 218,200 after post-pandemic ‘explosion of wealth’

The ranks of the global “ultra high net worth” (UHNW) individuals swelled by 46,000 last year to a record 218,200 as the world’s richest people benefited from “almost an explosion of wealth” during the recovery from the pandemic.

The number of UHNW people – those with assets of more than $50m (£43.7m) – jumped in 2021 as the super-rich benefited from soaring house prices and booming stock markets, according to a report by investment bank Credit Suisse. The number of people in the UHNW bracket has increased by more than 50% over the past two years.

Continue reading…

Breaking news from the Times of India

Live: Sensex crashes over 1,000 points

Breaking news from the Guardian

‘He got our tortoise a part in Taming of the Shrew’: Alan Rickman remembered by Emma Thompson, Eddie Izzard and more

Breaking news from New York Times

Putin and Trump, the Solo Soulless Saboteurs

AEYF6IYKHZM77OSHJIXBNIZX3U

Australia plans to change privacy rules after huge cyber attack on Optus

Breaking news from the Times of India

Live: Sensex crashes over 1,000 points

Breaking news from the Guardian

‘He got our tortoise a part in Taming of the Shrew’: Alan Rickman remembered by Emma Thompson, Eddie Izzard and more

Breaking news from New York Times

Putin and Trump, the Solo Soulless Saboteurs

AEYF6IYKHZM77OSHJIXBNIZX3U

Australia plans to change privacy rules after huge cyber attack on Optus

Breaking news from the Washington Post

Renewed militia clashes rock western Libya; child killed

Breaking news from the Washington Post

Politics impede long-advocated growth of UN Security Council

Breaking news from the Times of India

Apple to make iPhone 14 in India