look news india
According to a study report released on Wednesday, more people in the world have become richer than ever before. Their investments in the stock market have made them unimaginably rich. According to a report released by the Capgemini company, 'High Net Worth Individual' (HNWI) means a person who has a minimum of $1 million in liquid assets. At the same time, the number of such HNWIs has increased by 5.1 percent to 22.8 million compared to last year. According to the World Health Report, the total wealth of those HNWI billionaires will increase by 4.7 percent from last year to $86.8 trillion in 2023. This is the highest level of HNWI billionaires and their wealth since Capgemini's annual study began in 1997.
As the stock market soared, he grew richer. In 2023, tech giant Nasdaq shares rose 43 percent and the S&P-500 share price rose 24 percent. In the same year, Paris CAC shares rose 16 percent and Frankfurt DAX shares rose 20 percent.
The decline in 2022 will reach its peak in 2023
In 2022, the number of HNW millionaires and their wealth declined by 3 percent due to economic uncertainty and geopolitical tensions. As equity prices fell, there was a huge gap between numbers and wealth. But the year 2023 changed the situation. The investment sector halted its decline this year and saw continued growth as the number and wealth of HNW millionaires reached a peak. Despite interest rate uncertainty and high returns in bond investments, equities also boomed along with the tech market. The impact of AI on the economy has also been positive.