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World's rich grow richer as bull markets roar on - study

Reuters  |  ZURICH 

ZURICH (Reuters) - Personal financial wealth swelled 12 percent last year to nearly $202 trillion, the strongest growth in five years as bull markets and the dollar's weakening against most major currencies boosted global fortunes, a study showed on Thursday.Adjusted for exchange rate swings, global wealth rose 7 percent, the Boston Consulting Group survey found. While residents of North America held the greatest share of personal wealth at almost 43 percent, the fastest growth came in Asia, Latin America and the Middle East. Most super-rich individuals lived in the United States, China and ...

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First Published: Thu, June 14 2018. 23:48 IST