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Meaning of “global wealth” in the English Dictionary

"global wealth" in Business English

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global wealthnoun [U]

uk   us   ECONOMICS, ENVIRONMENT
all the ​money and other ​assets that exist in all ​areas of the ​world considered together: Analysts ​predict that government-controlled ​funds will own around 10% of ​globalwealth over the next decade.
(Definition of global wealth from the Cambridge Business English Dictionary © Cambridge University Press)
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