Global private wealth at record high – wealth unequally distributed

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Globally, around 69,000 ultra-rich held 15 percent of investable financial assets.

(Photo: dpa)

Frankfurt According to a study, people around the world accumulated above-average wealth in the second year of Corona. The total assets from financial assets and real assets minus debts rose in 2021 compared to the previous year by 10.3 percent to a record value of 473 trillion US dollars (around 441 trillion euros), mainly thanks to the boom on the stock markets, shows an analysis published on Thursday by the management consultancy Boston Consulting Group (BCG).

It was the strongest increase in more than a decade. In Germany, an increase of a good 10 percent to 20.2 trillion dollars was calculated. However, wealth is unequally distributed.

In Germany alone, according to the information, 3,100 super-rich own more than a fifth of all private financial assets. The club of the super-rich, each with financial assets of more than 100 million dollars, grew by around 300 members last year.

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