Skip to main content

2015: The Sad Decline Of The Super-Rich Person

Shed a tear for the people who dropped out of the coveted $30+ million in assets class.
  • Author:
  • Updated:
    Original:

The mystery of why Steve Cohen’s apartment remains on the market has been solved: There just aren’t a critical mass of people rich enough to buy it anymore, and Ken Griffin is stubbornly refusing to take it off Steve’s hands.

The number of individuals with $30 million or more in assets fell 3% in 2015 to about 187,000, according to a report from real-estate broker Knight Frank….

Stock market losses were a big driver of depreciating wealth, the report said. A collapse in oil prices hit the super wealthy in the Mideast and Africa, while currency fluctuations also played a role.

World’s Superrich Population Declines for First Time Since 2008 [WSJ]

Related

LeonCooperman

COVID Skeptics Leon Cooperman, Donald Trump Reduced To Penury By Pandemic

With a mere $2.5 billion each, they are both among the 332.8 million poorest Americans.

Hedge Fund Manager Demands Raise (For His Side-Gig In The House Of Lords)

And raises for all his friends, who are just scraping by.

Compensation Watch ‘16: Wilmer Flores et. al.

You're not the only ones having a rough year.

Mooch.Trump

The Hits Keep Coming For Anthony Scaramucci

The Mooch could use a friend right now.

BorisJohnsonPorn

Was Brexit The Greatest Grift Of All Time?

Probably not, but it also can’t be entirely ruled out.

psychos1

Report: Rich People Still Dumb

Get invited to the right parties and the world is your fraudulent oyster.