Stock Market Rally Boosts Wealth of Top 1% to New Heights
Thursday, 28 March 2024, 19:39
Stock Market Rally Spurs Growth in Wealth
The recent stock market rally has led to a surge in wealth for the top 1%, reaching a record $44 trillion in total assets. Individuals with net-worths exceeding $11 million saw a substantial increase in their fortunes, with an additional $2 trillion added in the last quarter of 2023.
Key Points:
- Top 1% Wealth: Surges to $44 trillion
- Individuals with net-worths over $11 million witness a substantial increase
- Market Impact: Widening wealth gap highlighted
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.