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Number of global ultra high net worth
individuals hits record high

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Posted By: Ribicon, 9/21/2022 4:42:22 PM

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. The huge increase in wealth of the richest 0.004% of the world’s adult population comes

Comments:

Why, it's almost as if it's being done by design, just as they said they'd do. Even worse, they're not content having our wealth redistributed to them. To be happy, the masters of the world also need us to be miserable, freezing hungry in the dark with no transportation, and maybe on masked disease lockdown for good measure. Meanwhile, they bask in obscene luxury and flit about on private jets for impromptu lunches in Paris or wherever they please. Our modern-day Marie Antionettes understand that the peasantry will stand for this without limit because we need to save the planet and combat inequality.

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Reply 1 - Posted by: WV.Hillbilly 9/21/2022 6:35:48 PM (No. 1284162)
That someone has lots of money neither picks my pocket nor breaks my arm. Wealth is not a zero sum game,
1 person likes this.

Reply 2 - Posted by: Ribicon 9/21/2022 6:45:58 PM (No. 1284167)
We've got governments spending countless of billions of dollars with no accountability, with fortunes handed over to drug companies, defense contractors, layabouts, illegal aliens, "green" unicorn dealers, you name it. They print money to cover the cost, and we the people pay for it all through inflation and taxation. Our assets increase in value (on paper) through inflation, and they tax us on the imaginary gains. Our retirement funds are being drained because the stock markets are rigged, and just by chance, the ultra rich who make the rules are making gains like bandits.
4 people like this.

Reply 3 - Posted by: Heil Liberals 9/21/2022 7:04:21 PM (No. 1284182)
They should be, it has been directed/stolen to them by government and central banks. Too big to fail, right?
1 person likes this.

Reply 4 - Posted by: DVC 9/21/2022 10:33:01 PM (No. 1284268)
UHNW starts at only $50 million net worth? Pretty low bar, IMO. I know several people who have net worths 10% to 40% of that who are just ordinary people, no private jets, no yachts. One relative does charter a jet when the whole family travels because it is cheaper than 6 first class fares AND a lot more convenient. They live in ordinary nice homes, drive nice cars, and take nice vacations, but not hugely different from me and my wife. A $1 million home is pretty ordinary these days.
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Number of global ultra high net worth
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