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May 20, 2021 | Fed Policies Boost Billionaire Net Worth 50% in One Year

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Unlike most, billionaires have more money than they can spend in a lifetime.  Hence they have a higher risk tolerance for losses and tend to hold a lot of assets of all kinds.  This has made them ideally situated to benefit from the $9 trillion of central bank injections into financial markets over the past 14 months.  At the same time, these same forces have increased the correlation between global asset classes as well as social and economic vulnerability to price declines.  Historically, such extreme imbalances have been followed by giveback periods of one kind and another.


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May 20th, 2021

Posted In: Juggling Dynamite

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