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[...]subcommercial investments function in effect as subsidies and therefore have the potential to distort a market. Ultra-high-net-worth individuals (UHNWIs) | Members of this group- people with investable assets of more than $30 million-control $30 trillion, or 12 percent of global wealth.7 In the...

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Bibliographic Details
Published in:Stanford social innovation review 2017-01, Vol.15 (1), p.42
Main Authors: Bannick, Matt, Goldman, Paula, Kubzansky, Michael, Saltuk, Yasemin
Format: Magazinearticle
Language:English
Subjects:
Business models
Consumers
Debates
Innovations
Philanthropy
Portfolio management
Social change
Social impact
Subsidies
Online Access:Get full text
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Summary:[...]subcommercial investments function in effect as subsidies and therefore have the potential to distort a market. Ultra-high-net-worth individuals (UHNWIs) | Members of this group- people with investable assets of more than $30 million-control $30 trillion, or 12 percent of global wealth.7 In the United States, the 400 richest people have a combined net worth of nearly $2.5 trillion and an average net worth of $6 billion.8 UHNWIs have an immense opportunity to put that capital to work in socially beneficial ways.
ISSN:1542-7099