The world's 500 richest people became $1 trillion richer last year_老虎社区_美港股上老虎

The world's 500 richest people became $1 trillion richer last year

CNN Business2022-01-05

New York (CNN Business) - The world's wealthiest people, whose fortunes already strained comprehension, collectively gained $1 trillion last year, according to Bloomberg's Billionaires Index.Elon Musk...

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S071
·2022-01-05
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- jolynnnnnnnn:
  uh huh
  2022-01-05
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MomoWoon
·2022-01-05
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·2022-01-05
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Time and again, Wall Street shrugged off concerns about inflation, supply chain bottlenecks and new Covid-19 variants to keep equity markets humming. On that front, the wealthy owe a big hat tip to the Federal Reserve, which plowed tens of billions of dollars into financial markets every month while keeping interest rates near zero — an ultra-loose monetary policy designed to keep cash moving in financial markets as the pandemic jolted the global economy in 2020. That stimulus effort fueled a stock bonanza in 2020 and 2021, but the Fed gravy train is going away in the first half of this year.The S&P 500 gained nearly 27% last year, while the Dow gained about 19% and the Nasdaq ended the year up 21%.Valuations on other assets such as cryptocurrencies, commodities and property also soared, further bolstering the uber-wealthy's coffers.According to Bloomberg, the combined net worths of the 500 people in its billionaire index now exceeds $8.4 trillion. 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