Wealth is extraordinarily concentrated worldwide, and one of the principal goals of wealthy families is exerting power and influence (“impact”). As of 2004, 77,000 families worldwide controlled assets totaling over USD $50T, a number almost twice what pension fund aggregate assets were. There were approximately 1mm families worth > USD $10mm, with an aggregate net worth of $90T, i.e 3x times pension fund assets. Prince/Grove, “Inside the Family Office”, 2005. Numbers are down some since then, but the distribution is unchanged.
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