"Status as a rich person disappeared from the billionaires from Hong Kong . This status has disappeared massively since 2018."

Based on Capgemini's report , there are 13 percent of Hong Kong's richest people whose wealth has dropped dramatically. In fact, one of the 10 richest people is no longer able to hold the status as a billionaire at the end of last year.

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Launching from the South China Morning Post, (9/8/2019), one person has the status of High Net Worth Individual (HNWI). People who get the status are those who have a minimum wealth of US $ 1 million or around Rp14, 1 billion. However, instead of increasing, the wealth actually continues to decline.

Hong Kong region is called sensitive to market movements. As is known, the global economy is slowing down due to a trade war between the United States (US) and China, so that countries that have a dependency on global trade are the most severely affected, and befall Hong Kong as well.

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A line of wealthy Hong Kong people only get a big profit when the market is in a bullish condition (up), and vice versa applies when the market performance slows down. However, Hong Kong is not alone, because last year the number of rich people from China, India and Singapore also declined.

Capgemini noted for the first time in seven years that the world's wealth had declined. For an exception, there is one region whose wealth continued to grow last year, the Middle East.

Photo by Frame Harirak on Unsplash