One in 10 ultra-wealthy Hong Kong residents lost their millionaire status in 2018, and an expert says the extreme wealth loss highlights the volatility of their net worths
Business Insider -

The net worths of Hong Kong's ultra-wealthy are more volatile than the net worths of their counterparts in any other region in the world, according to Capgemini's 2019 World Wealth Report.

One in 10 Hong Kong residents who began 2018 as high net worth individuals could no longer be considered as such by the year's end, according to Capgemini.

Hong Kong's wealthiest residents often enjoy the greatest profits when the markets are bullish, but experience the steepest losses during market routs,...

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