For the wealthiest men of the world, the year 2016 is going to finish with US$237bil higher than the starting of the year. The richest people of the world are getting richer while throughout the year while the populist voters remodeled politics, as well as power all over the United State and the Europe.
The year begun with China’s poor economic data record initially, the UK’s election to leave the European Union at the medial and at the end, the vote of American billionaire Donald Trump, all are the biggest virtue of this planet that finally whipsawed through a huge amount of economy, the 4.8 trillion US Dollars of everyday’s net worth. This amount of money is daily gained and lost across the year. By the closing of the trading economy of 2016 on December 27, the net worth is finally raised 5.7% to 4.4 trillion US Dollars. This economical data record is showed by the index of Bloomberg Billionaires.
According to the chief investment officer of UBS Wealth Management, Simon Smiles who works for the clients who have ultra-high-net-worth, generally the clients streamed through the volatility. 2016 is the spectacular year that is finished with the risk assets. The year is also remarkable due to the economical start at the beginning, Simon said.
Warren Buffett gained and led the year, especially after the surprise winning of Donald Trump on November 8. He added throughout the year US$11.8bil as the soar came on his banking holding and airline belong to his investment firm, the Berkshire Hathaway Inc. Buffet is pledged to give his wealth to charity and so, he donated US$2.6bil in the month of July.