Global wealth fall cost 3.5m people ‘dollar millionaire’ status last year

More than 3.5 million people lost their “dollar millionaire” status last year during the first fall in global wealth since the 2008 financial crisis. The number of adults with assets of more than $1m (£790,000) fell from 62.9 million at the end of 2021 to 59.4 million at the end of 2022, according to the UBS annual wealth report, published on Tuesday. The Swiss bank said global wealth was depressed by high inflation and the collapse of many currencies against the dollar.

tips

wealth 财富

asset 资产

the collapse of many currencies against the dollar 许多货币相对于美元的贬值或崩溃，意味着这些货币的价值相对于美元下降