Thursday 26 September 2019

Millionaires are seeing their fortunes shrink. Here’s what the means for real estate

Millionaires aren’t what they used to be. The global population of individuals worth at least $30 million saw their net worth shrink in 2018 for the first time in three years — even as their ranks grew, according to a new report by research firm Wealth-X. Following the downward trend of billionaires’ fortunes, their collective wealth has dropped 1.7 percent to $32.3 trillion last year, amid stock market volatility and concern over the U.S. and



source https://therealdeal.com/national/2019/09/26/millionaires-are-seeing-their-fortunes-shrink-heres-what-the-means-for-real-estate/#new_tab

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