The world's richest people saw their net worth fall by six per cent - $2TRILLION - last year

Mail Online | 7/9/2019 | Danyal Hussain For Mailonline
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The world's richest people saw their wealth decline by $2 trillion last year, according to a new report.

Capgemini's World Wealth Report 2019 shows that the top one per cent, people worth $30 million or more, saw their money decrease by six per cent.

Cent - Decrease - Wealth - Year - Number

This accounted for 75 per cent of the total decrease in global wealth last year and the the number of people worth $30 million or more also decreased.

It is the first time in eight years that the super-rich saw their wealth decrease with a slowdown of the Chinese economy one of the main reasons.

Regions - Wealth - Individuals - Fall - World

However, nearly all regions saw the wealth of rich individuals fall, although it is unknown if the world's richest man Jeff Besoz was affected.

The Middle East was the only one to buck the trend with a six per cent rise in wealth mainly due to strong financial markets over the past year.

Prince - Alwaleed - Bin - Talal - Alsaud

Prince Alwaleed Bin Talal Alsaud of Saudi Arabia is the richest man in Saudi Arabia, with a net worth of $20.4 billion.

The decline in global wealth was...
(Excerpt) Read more at: Mail Online
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