Thursday , July 7 2022

The super rich accumulates new cash



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This is the result of the World Wealth Report published by the consultant Capgemini on Tuesday.

145,100 private investors with available wealth of more than one million dollars (according to the millionaire's definition) live in Austria consequently, which is three percent less than in the previous year.

Worldwide, the number of millionaires fell by 0.3 percent. Rich wealth decreased by three percent. According to the study, there are around 18 million million dollars worldwide. More than 60% of them live in the United States, China, Japan and Germany.

According to the study, super-richs are among the biggest losers of last year, especially in China. The super-rich is when you have more than $ 30 million in assets. Then you have the richest percentage of millionaires. These super-richs have turned them four percent less, their total assets were reduced by six percent. The small millionaires with a maximum fortune of 5 million dollars, on the other hand, lost little despite the fall in the stock markets. Investment behavior has also changed significantly. In the first quarter of 2019, several shares were replaced by cash. Cash accounts represent 28% of the fixed assets. On the other hand, the investments were invested more and more in alternative investments, such as hedge funds, raw materials or shares of the company.

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