Comment on The World’s Billionaires Lost Money in 2018 for the First Time in 3 Years

The World’s Billionaires Lost Money in 2018 for the First Time in 3 Years

The world’s billionaires saw their collective fortunes dip in 2018 for the first time in three years, erasing $388 billion of their net worth. Asia was hardest hit, as slowing growth in China and rising U.S. interest rates resulted in an 8% wealth drop among that continent’s richest people, according to the UBS/PwC Billionaires Report released Friday.

 

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