PREMIUM
MARÍA HERNÁNDEZ
Madrid
Updated Monday, 6 July 2020 - 22:34
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- Covid-19. The wealthy Spaniards move their fortunes under the threat of tax increases
Big millionaires will be slightly less millionaires by the end of this year as a result of the coronavirus. The uncertainty and declines in the markets caused by the pandemic will make its wealth 4% lower by the end of 2020, which is equivalent to 3.1 trillion dollars less (about 2.74 trillion euros), according to the Global report. Wealth Management: After the Storm by consulting firm Oliver Wyman and the firm Morgan Stanley. Taking into account that before the covid-19 the forecasts pointed to an increase in wealth of 6% from 2019, the pandemic represents, approximately, a lost year in terms of the financial performance of
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