Only a tiny number of super-rich families lost money last year, and three in four increased their fortunes, research finds
Just 4% of the world’s richest families lost money last year thanks to booming stock markets and money-spinning private-equity deals.
Research into the intensely privately guarded family offices of the super-rich found that just 10 out of 262 suffered a decline in wealth in 2016. Three-quarters [74.2%] of the families – who had an average fortune of $1.45bn (£1.1bn) – increased their wealth. A further 22% reported no change to their wealth, according to a report by family office researchers Campden Wealth and Swiss investment bank UBS published on Tuesday.