Friday, October 15, 2021

Dynastic Wealth Swells

 Abundant liquidity, soaring stock markets and accommodating tax policies have been favourable for the growing dynastic wealth of the world’s 25 richest families who are now worth $1.7 trillion, a 22% increase from a year ago. 

The Waltons of Arkansas, who own nearly half of retailer Walmart Inc., top the list for the fourth year running with a net worth of $238.2 billion. Their fortune grew by $23 billion in the past 12 months, despite the family selling $6 billion worth of stock since February. 

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