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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) (23405 Views)
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Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by WriterNig: 9:18pm On Aug 16, 2023 |
🇷🇺 Russians got richer last year even as the war in Ukraine raged on, while the US and Europe lost trillions of dollars, UBS reported. Russia added $600 billion of total wealth, the Swiss bank found in its annual Global Wealth Report, published Tuesday. The number of Russian millionaires also rose by about 56,000 to 408,000 in 2022, while the number of ultra-high-net-worth individuals — people worth over $50 million — jumped by nearly 4,500. But the US lost more wealth than any other country last year, shedding $5.9 trillion, while North America and Europe combined got $10.9 trillion poorer, UBS reported. There were also 1 million fewer American millionaires by the end of 2022, although the US still accounted for over 50% of the world's ultra-high-net-worth individuals, the bank said. Russia's wealth gains came despite its invasion of Ukraine in February, which has led to the West imposing sanctions on the Kremlin that led to its economy shrinking and triggered a slump for Moscow-listed stocks. UBS acknowledges that "wealth trends in Russia are difficult to determine at this time," but did highlight it as one of a handful of countries that had gotten richer in 2022. Rising oil prices could be one factor behind the wealth increase, with exports of the commodity a key economic engine for Russia. The cost of a barrel of benchmark Urals crude jumped by about $7 last year, data from Refinitiv indicated. Mexico, India, and Brazil all also added significant amounts of wealth in 2022, UBS's report suggested, while the US, Japan, China, Canada, and Australia lost the most. Business Insider 26 Likes 7 Shares
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Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Taylor90: 9:19pm On Aug 16, 2023 |
Good one for Russia Bad one for the slave masters 137 Likes 8 Shares |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by eliyke(m): 9:24pm On Aug 16, 2023 |
Difference between young nd vibrate leader nd old nd analog leader, with all d sanctions from US nd co 52 Likes 1 Share |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by OkpaNsukkaisBae(m): 9:26pm On Aug 16, 2023 |
cc: ibime donjazzet Show some respect to Putin. man is breaking economic boundaries despite all the sanctions from EU/nato. 132 Likes 12 Shares |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Victory03(f): 9:26pm On Aug 16, 2023 |
Okay |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by ican2020: 9:27pm On Aug 16, 2023 |
How does it concern us 7 Likes |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Difrent: 9:29pm On Aug 16, 2023 |
Taylor90: You have said your goodbye In the other thread Why you come dey make comments on this thread acting with emotions instead of using your brains Like say una fit do without nairaland......na yorubaman go dey direct una life for some years to come.....you can take that to the bank 37 Likes 12 Shares
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Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Ooni: 9:39pm On Aug 16, 2023 |
Hope Biden knows it's not impossible to lose next election. 10 Likes |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Zxcvbnmghtr: 9:42pm On Aug 16, 2023 |
Difrent: Taylor90 that all of his customers have run away? Even his sewing machine is covered with dust and cobwebs because he is always struggling to be the first to comment on every thread. Nairaland is the air that keeps him alive. 27 Likes 5 Shares |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Pakute: 9:44pm On Aug 16, 2023 |
If you are a patrotic Nigerian who loves the Nigeria, not a zoo chanter who have their eyes on our judiciary but their eyes get apollo to see illiterate thugs locking up their parents and flogging them every mondays. you have to support Jagaban to take out the military junta in Niger republic. Russia is the biggest single supplier of gas to europe, while supporting a military coup by proxy inorder to frustrate Nigeria's biggest gas project to europe, passing through niger republic, which would strongly position Nigeria as a direct alternative to Russia gas, thanks to Bazoum's co-operation. 12 Likes 2 Shares |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Difrent: 9:44pm On Aug 16, 2023 |
Zxcvbnmghtr: The idiot come dey grandstand dey form "this is my last post ever on nairaland".....I laugh wan kill myself 11 Likes 6 Shares |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Zxcvbnmghtr: 9:46pm On Aug 16, 2023 |
Difrent: . That is what they say when they are about to abandon a moniker for another one. 12 Likes 4 Shares |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Ibeme: 10:12pm On Aug 16, 2023 |
OkpaNsukkaisBae: Your ignorance has been noted, with all due respect Russian millionaires is not Russia, and American millionaires is not America Russian millionaires wealth is tied to oil price while American millionaires wealth is tied to stockmarket Wealth of Nations is measured by GDP and Russia got poorer by 2.1% while America got richer by 2.1%. Those are the facts, not the headline this clown OP put out Next time make sure you know what you are talking about before you quote me. 35 Likes 4 Shares
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Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Gadafii: 10:14pm On Aug 16, 2023 |
Meanwhile Nigeria that want to go and shake her small bom bom in Niger is poorest of the poor 17 Likes 1 Share |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Procashtips(m): 10:34pm On Aug 16, 2023 |
Ibeme: Keep deceiving yourself with all these rubbish charts. When you're asked if you have eaten this night, I hope you won't post a chart to respond? 58 Likes 5 Shares |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Akuruoulo(m): 10:37pm On Aug 16, 2023 |
We know that Russia is currently richer than the States 9 Likes 1 Share |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Akuruoulo(m): 10:39pm On Aug 16, 2023 |
Ibeme:What do u think when I call them BRAINDEAD? 9 Likes |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Akuruoulo(m): 10:40pm On Aug 16, 2023 |
eliyke: Another braindead spotted 1 Like |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Akuruoulo(m): 10:42pm On Aug 16, 2023 |
OkpaNsukkaisBae:Ehyah so u lost ur reasoning too. Start supporting Russia and lose ur sense of reasoning 1 Like |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by hodari: 1:19am On Aug 17, 2023 |
Water don pass garri for de West. 13 Likes 1 Share
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Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Astra101: 1:36am On Aug 17, 2023 |
4 |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by eliyke(m): 3:18am On Aug 17, 2023 |
Akuruoulo:y ur mind dey judge u? truly no peace 4 d wicked 7 Likes 1 Share |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Appleyard(m): 7:05am On Aug 17, 2023 |
eliyke: I have nothing else to say. You have said it all. It's only old, braindead idiots that thinks they can crumble a rich and advanced country as Russia. Pathetic. 12 Likes 1 Share |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by Appleyard(m): 7:09am On Aug 17, 2023 |
Procashtips: 1 Like |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by obedience4(m): 9:15am On Aug 17, 2023 |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by obedience4(m): 9:19am On Aug 17, 2023 |
Procashtips: Instead of you to respond with your own facts you are deviating from the main issue Only a lunatic believes the rubbish OP wrote I hope you are sane 2 Likes |
Re: Russia Got Richer By $600 Billion While U.S Lost $6 Trillion Last Year (Photo) by obedience4(m): 9:19am On Aug 17, 2023 |
Appleyard: 600 ruble to a dollar 1 Like |
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