🇷🇺 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

Difference between young nd vibrate leader nd old nd analog leader, with all d sanctions from US nd co

cc:


ibime
donjazzet


Show some respect to Putin. man is breaking economic boundaries despite all the sanctions from EU/nato.

Okay

How does it concern us

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

Hope Biden knows it's not impossible to lose next election.

Difrent:


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

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.

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.

Zxcvbnmghtr:


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 he breathes.

The idiot come dey grandstand dey form "this is my last post ever on nairaland".....I laugh wan kill myself

Difrent:


The idiot come dey grandstand dey form "this is my last post ever on nairaland".....I laugh wan kill myself

. That is what they say when they are about to abandon a moniker for another one.

OkpaNsukkaisBae:
cc:


ibime
donjazzet


Show some respect to Putin. man is breaking economic boundaries despite all the sanctions from EU/nato.

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.

Meanwhile Nigeria that want to go and shake her small bom bom in Niger is poorest of the poor

Ibeme:



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.

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?

We know that Russia is currently richer than the States

Ibeme:



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.

What do u think when I call them BRAINDEAD?

eliyke:
Difference between young nd vibrate leader nd old nd analog leader, with all d sanctions from US nd co

Another braindead spotted

OkpaNsukkaisBae:
cc:


ibime
donjazzet


Show some respect to Putin. man is breaking economic boundaries despite all the sanctions from EU/nato.

Ehyah so u lost ur reasoning too.
Start supporting Russia and lose ur sense of reasoning

Water don pass garri for de West.

4

Akuruoulo:


Another braindead spotted

y ur mind dey judge u? truly no peace 4 d wicked

eliyke:
Difference between young nd vibrate leader nd old nd analog leader, with all d sanctions from US nd co

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.

Procashtips:


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?

hodari:
Water don pass garri for de West.

You believe this nonsense you just wrote

Procashtips:


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?

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

Appleyard:


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.

600 ruble to a dollar