US-China trade war and interest rate rises spell losses for the super-rich
After seven years of growth, assets of the richest people on the planet fall by 3%
Donald Trump’s trade war with China and fears over rising interest rates triggered stock market losses worth $2tn (£1.6tn) for the world’s super-rich last year.
After seven years of steadily rising wealth, the richest people on the planet saw the combined value of their assets slide by 3% from a year earlier to stand at $68.1tn as financial markets plunged against a backdrop of rising tensions, with China hit the hardest by the decline.