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follow Patrick 2018 May 20, 5:32pm
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Of the world’s 7.6 billion people, 2,754 of them are billionaires who have cumulatively amassed $9.2 trillion worth of assets, according to Wealth-X’s annual census, and about 3 percent of that wealth is parked in real estate and other luxury goods. Last year, billionaires’ average wealth in real estate and other luxury assets only valued a total of 2.3 percent.
It's almost all stock instead.
Patrick saysIt's almost all stock instead.You should read the report instead of the summary Public holdings 42%, private holdings 32%, cash 22%. RE is third largest business but only 3% of wealth. Sounds just a little off some how. How much RE is held through corperations/llc's instead of directly? Almost anyone with any net worth holds their RE though a corporation of some kind. How much RE do you think trump owns in his own name? I sure use a corporate structure and I'm not anywhere close to billionaire. Sounds like the 3% is their homes and vacation homes to me.