Rising global stock markets and increased property prices swelled ranks of ultra-high net worth individuals, according to new report

More than 51,000 people joined the ranks of the “ultra-wealthy” last year as the fortunes of the already very rich benefited from rising global stock markets and increased property prices during the pandemic.

The number of ultra-high net worth individuals (UHNWIs) – those with assets of more than $30m (£22.4m) – rose by a record 9.3% last year to 610,569, according to a report by the property consultants Knight Frank.

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source https://www.theguardian.com/money/2022/mar/01/pandemic-spurred-record-numbers-of-ultra-wealthy-in-2021