The world's ultra-richest saw their fortunes shrink by 10 percent in 2022, due to the war in Ukraine, a study said Wednesday, but the outlook for them this year is bright.
The study, by London-based property consultants Knight Frank, examined the fortunes of what it calls ultra-high-net-worth individuals (UHNWIs): people with a net worth of at least $30 million including their main residence.
More ultra-prime real estate deals took place in New York in 2022 than anywhere else in the world, according to Douglas Elliman's 17th annual Wealth Report.