More than 31,000 people joined the ranks of the “ultra-wealthy” last year

More than 31,000 people joined the ranks of the “ultra-wealthy” last year as the fortunes of the already very rich benefitted from rising global stock markets and increased property prices. The number of ultra-high net worth individuals (UHNWIs) – those with assets of more than $30m (£26.5m) – rose by 6% last year to 513,244, according to a report by the property consultants Knight Frank. Meanwhile, the World Health Organisation has warned of a global shortage and price gouging for protective equipment to fight the deadly virus. It asked companies and governments to increase production by 40 per cent. The … Continue reading More than 31,000 people joined the ranks of the “ultra-wealthy” last year