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Politics : Foreign Policy Discussion Thread

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From: Thomas M.	8/23/2023 10:19:34 AM
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Russia got richer even as the war in Ukraine raged on last year, while the West shed trillions of dollars of wealth Russia added $600 billion of total wealth last year. The number of millionaires and ultra-high-net-worth individuals also rose, despite the war in Ukraine raging on. Meanwhile, the US and Europe shed trillions of dollars worth of wealth. Russians got richer last year even as the war in Ukraine raged on, while the US and Europe lost trillions of dollars, UBS reported in its annual Global Wealth Report. Russia added $600 billion of total wealth. The number of Russian millionaires also rose by about 56,000 to 408,000 in 2022, while the number of ultra-high-net-worth individuals — people worth over $50 million — jumped by nearly 4,500. But the US lost more wealth than any other country last year, shedding $5.9 trillion, while North America and Europe combined got $10.9 trillion poorer. There were also 1 million fewer American millionaires by the end of 2022, although the US still accounted for over 50% of the world's ultra-high-net-worth individuals. businessinsider.com Tom

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