Here are the top ways the world's ultra-rich spent their money last year, including pouring $455 billion into commercial real estate
Despite 2022's outsized losses from worsening global economic conditions, the ultra-rich poured billions into commercial real estate and luxury goods.
"Despite the global macroeconomic and geopolitical headwinds that persisted throughout 2022, investment from private sources remained robust," the report said. Classic cars saw double-digit growth at 25% as well, its strongest in nine years. The Mercedes-Benz Uhlenhaut Coupé comfortably set a new record at $143 million for the most expensive car ever sold.
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