For 2017, the world’s wealthiest families didn’t report any financial decline. On the contrary!
Only 4% of the world’s richest families have lost money last year after the stock markets and private equity businesses have expanded significantly, according to a report initiated by Campden Wealth and a group of financial analysts from the Swiss group of UBS writes The Guardian.
The financial analysts who contributed to the financial survey have discovered that in 2016 only 10 out of 262 super-rich families experienced a financial decline, while three-quarters of these dynasties have actually amassed their wealth.
Meanwhile, 22% of the families who contributed to this survey didn’t report any major damage or loss when it came to their companies.
“Regardless of any economic challenges, great fortunes continue to be generated all over the globe”, said Dominic Samuelson, chief executive of Financial Analysis Company Campden Wealth.
According to the expert, capital markets and private equity transactions are the ones that propelled the world’s most incredible fortunes last year.