The study, by London-based property consultants Knight Frank, examined the fortunes of what it calls ultra-high-net-worth individuals : people with a net worth of at least $30 million including their main residence.
"Last year the Ukraine crisis fuelled the European energy crunch and supercharged already surging inflation," said Liam Bailey, Knight Frank's global head of research. Although four in 10 of the ultra-rich saw their wealth increase in 2022,"the overwhelming trend was negative", the report said. Europe's ultra-rich were hit hardest, with a 17 percent drop in fortunes there, followed by Australia at 11 percent and the Americas down 10 percent."Exchange rates had a significant impact," wrote Flora Harley, the report's executive editor.
_Business Oh no. 😞
_Business The biggest firms became bigger in the lockdown as antiwhite regimes used covid as a pretext to destroy the white small business owner.