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Number of Ultra rich declined from 2.63 lakh to 2.56 lakh in 2018

The wealth growth of the Ultra rich individuals have slowed down in 2018 and the number has come down to 2.56 lakh from 2.63 lakh, according to a report. The report said 2.63 lakh ultra rich are worth Rs 430 lakh crore in 2018 and among that Rs 262 lakh crore is possessed in the form of financial assets and the rest are parked in physical assets. The report has raised a question about growing inequality globally.