Billionaires around the world saw their total wealth decline by 7% from 2017 to 2018, according to Wealth X's Billionaire Census 2019. At the same time, the number of these ultra-high-net-worth individuals fell from 2,754 to 2,064.The U.S. was one of the few countries that saw its UHNW population grow from 2017 to 2018, per the report, and America's richest people lost only around 5% of their total wealth, far less than their peers did in most other regions.
Trade tensions, declines in equity markets and a slowdown in economic growth hurt billionaires around the world in 2018, according to the report, but U.S. billionaires were able to stave off some of the worldwide decline thanks in part to domestic economic conditions and tax cuts. While the U.S. stock market ended down for the year, the report notes that on an annual basis it out-performed other global markets, solidifying the U.S. as the"world's dominant billionaire country."
Total U.S. billionaire wealth fell from $3.2 trillion to $3.013 trillion. Still, UHNW individuals in other countries fared worse. China saw its billionaire population decrease by almost 16%, from 338 individuals in 2017 to 285 last year, and the super rich there lost 8% of their total wealth.
MakeIt Could it be they got a huge tax break off the backs of the middle class.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From verbal taunts to shots fired: How journalists were attacked in the US in 2018The number of attacks and arrests of journalists decreased in 2018 from the previous year, while Department of Justice 'leak' investigations went up. not tracking journalists verbal taunts against non-journalists? And weren't most of the shots fired at journalists fired by journalists? In the USA the way news operates today is that they get everyone all agitated up over something meanwhile blowing a dog whistle to attract all the fringe loonies. TO some extent the media is partially to blame for this. This never happened when the news wasn't yellow journalism.
Source: ABC - 🏆 471. / 51 Read more »
Despite recent accidents, airlines have never been saferIn the U.S., no airline passengers were killed in accidents from 2009 until April 2018. Yeah, right
Source: MarketWatch - 🏆 3. / 97 Read more »
The US is home to more billionaires than China, Germany and Russia combinedWhile the worldwide billionaire population was down 5.4% in 2018, it grew by 4% in the U.S., according to Wealth-X. MakeIt Crazy. Maybe they should pay more taxes or something. MakeIt Bad analogy You should be doing EU figures They have 559 MakeIt Stock marketsly speaking, have you looked at the billionaires growth numbers in the past decade?
Source: CNBC - 🏆 12. / 72 Read more »
Digital ad revenue in the US surpassed $100 billion for the first time in 2018The Interactive Advertising Bureau says digital ad spending continues to grow much faster than in TV and other media. The funny part is that they spent over $ 100 billion while the US population is only 327 million. I wonder who is laughing all the way to the bank is it google or Amazon ? Advertisement is still a valuable tool to use. Most people are online anyway, so this makes sense. digitalmarketing
Source: CNBC - 🏆 12. / 72 Read more »
Digital ad revenue in the U.S. surpassed $100 billion for the first time in 2018The Interactive Advertising Bureau says digital ad spending continues to grow much faster than in TV and other media.
Source: CNBC - 🏆 12. / 72 Read more »
Monthly border apprehensions reach highest level since 2007U.S. border officers apprehended nearly 99,000 people crossing the U.S. southern... But there’s still no crisis, huh? Its almost as if President putins great plans are working as intended. Not sure if they think we better get in there now before the US becomes Nazi Germany or if it’s similar to local traffic/population growth. How’s your commute compared to ‘07? There are a lot more people than in ‘07.
Source: Reuters - 🏆 2. / 97 Read more »
Treasury yields move lower as increased tariffs on China kick inU.S. government debt prices were higher on Friday morning as U.S.-China trade tensions escalate further. Donald:
Source: CNBC - 🏆 12. / 72 Read more »
US Soccer fires back against lawsuit, says women's team has 'different obligations'The U.S. Soccer Federation is denying allegations of gender discrimination after the women's national soccer team claimed unfair treatment in a lawsuit. And So It Begins... Women are paid less for outperforming the men’s team by light years. More investments/sponsors needed
Source: ABC - 🏆 471. / 51 Read more »
US Treasury yields tick lower as investors digest new US tariffs on ChinaU.S. government debt prices were higher on Monday morning, as investors digested news that the White House will impose higher tariffs on Chinese goods. barely and Gold up $2 not much movement considering the futures in the equity markets. As pointed out on your broadcast, the liar-in chief is deftly aware about how his tweets (and you fill in the blanks) affect financial markets. Consider: the deployment of the aircraft carrier Abraham Lincoln to the Middle East. Is it to shore up oil prices? SEC should watch.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. border agents apprehended nearly 100,000 people at southern border in April: dataU.S. border officers apprehended nearly 99,000 people crossing the U.S. southern... Legally or illegally apprehended? Dem Dems don’t care... That's one month. But, it's not an emergency.
Source: Reuters - 🏆 2. / 97 Read more »