Brexit vote wiped $1.5tn off UK household wealth in 2016, says report

The UK saw $1.5tn (£1.2tn) wiped off its wealth during 2016 after the Brexit vote sent the pound tumbling and the stock market into reverse, according to a survey by Credit Suisse. A fall in values at the top-end of the property market also contributed to about 400,000 Britons losing their status as dollar millionaires and one of the biggest drops in wealth among the major economies. But the UK remained third for the number of ultra-high-net-worth individuals, who own more than £50m in assets, behind the US and China.
Read more: https://www.theguardian.com/business/2016/nov/22/brexit-vote-uk-household-wealth-credit-suisse?source=Snapzu