Comment & Analysis
The world's ultra-rich lost about $14 trillion of their wealth in 2022, Knight Frank study shows
The world's ultra-rich lost 13.6%, or $13.8 trillion, of their wealth in 2022, per a Knight Frank report. The Ukraine war, the energy crisis, and interest rate hikes hit investment portfolios. Just four in 10 ultra-wealthy people saw their wealth rise in 2022, the report says. Even the ultra-rich had…
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