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Global Dynasties' Wealth Jumps 43% in 1 year [1]

['Mark Frauenfelder']

Date: 2023-12-08

If any of you reading this happens to be a family member of a multi-billion dollar dynasty, I have great news — you are much richer than you were last year! A new report from Bloomberg states that the wealth of global dynasties increased by 43% in the last year.

From Bloomberg [paywall]:

As a group, the world's richest families have gotten $1.5 trillion wealthier since the last ranking, and the new tallies from the Middle East weren't the only noteworthy shifts. Among the biggest gainers was a different kind of royal house: the sixth-generation dynasty behind luxury brand Hermès, who added $56 billion to become the world's third-richest by eschewing fads and cultivating loyalty.

Meanwhile, back on planet earth, white households have 9 times as much wealth as Black households and 5 times the wealth of Hispanic households.

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[1] Url: https://boingboing.net/2023/12/08/bloomberg-reveals-stunning-42-wealth-surge-in-global-elite-families.html

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