Millionaires' global wealth shrinking: Report

Pedro Gonçalves
clock • 3 min read

The wealth of the world's richest people is in decline according to a new report from Capgemini, pointing to the loss of $2trn worldwide in 2018. The drop was largely driven by a slump in the equity markets and slowing economies in key regions, especially the Asia-Pacific region, according to the World Wealth Report 2019 by Capgemini, a Paris-based consultancy and technology services firm. The UHNW populations declined by 4%, and their wealth declined by around 6%. This plunge accounted...

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