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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