The ultra-wealthy just gained $49 trillion in wealth thanks to stocks

The global population of ultra-high-net worth individuals increased 8% last year, according to Altrata, and much of that growth was in the U.S.

9 comments

They didn’t gain $49 trillion. Their total wealth is $49 trillion. Still terrible but the article’s headline is misleading.
- Yes
  
  Nobody will say they lost $49 trillion if stock go down next week
  
  They cannot get $49 trillion out of the market by selling all their stocks
  
  It's just a weird misleading framing
  
  I guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real
- Yeah, the article says the rich got 7% richer in 2023 for a total of $49b.
  
  That's about $3-4b gained in 2023.
  
  Trillion, not billion, but yeah
We should start a successful Occupy Wallstreet.
- As someone who participated in the last, maybe shut down any fellow peasants who try to insult and/or mock the next one, if the owners allow there to be a next one.
  
  There's nothing more demoralizing than being attacked by the people you're desperately trying to help.

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