Worldwide Super-Rich Stash: Now $25 Trillion

Wealth X has out a New Report: There are 185,795 Individuals Worldwide Worth at Least $30 Million

Sam Pizzigati from the Institute for Policy Studies in "The Global Super-Rich Stash: Now $25 Trillion" writes:

"For the first time, thanks to Wealth-X, we can compare the barely ultra with the comfortably ultra and those super ultras who can make the comfortables seem pinched.

"Our report maps exactly where the biggest money is located," Wealth-X CEO Mykolas Rambus boasted at a Geneva news conference last week, "and just how much there is."

"The Wealth-X research answers "how many" as well. The firm counts 185,795 individuals worldwide with at least $30 million net worth. These ultra high net-worth individuals - UHNWs (Ultra High Net-Worth) - hold $25 Trillion in combined wealth."

Tax the One Percenters? Yes or No ?

"If America's ultra [wealthy] averaged returns on those (vast assets they already hold) investments not that far above 5 percent over the next ten years, they could pay the wealth tax and still end the decade with higher personal net worths than when the decade began."

So Why Not ask the ultra rich to pay their fair share?


Original.