Ranks of World's Wealthiest Thin Most Since the Financial Crisisby
The number of people with $30 million or more in net assets fell 3 percent last year, the biggest annual decline since the financial crisis, as the collapse in commodity prices fueled stock market volatility and slowed economic growth.
There were about 187,500 ultra high-net-worth individuals at the end of 2015, compared with about 193,100 a year earlier, according to data provided by researcher New World Wealth for the Knight Frank Wealth Report.
In Brazil, where the real slumped more than 30 percent against the dollar in 2015, the number of UNHWIs fell to 3,908 from more than 4,440 in 2014. In the U.S., the number declined to about 65,713 from more than 67,000.
The world’s richest have about 35 percent of their investable wealth in real estate including second homes, according to the report, with investors from Russia and the Commonwealth of Independent States saying property is becoming an increasingly important haven for their wealth.