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In the five years to 1999, rising share prices boosted the wealth of American households by $10 trillion.
The study found low interest rates and quantitative easing, policies that rescued the economy after the 2008 crash, had boosted the wealth of the richest by propping up stock markets and supporting booming house prices.
An 80% rise in the share price of chip designer Mediatek boosted the wealth of chairman Tsai Ming-kai to No. 13 and lifted his vice chairman, Cho Jyh-Jer (No. 37), into the ranks of the island's 40 Richest this year for the first time.
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As already pointed out, this boosts the wealth of the rich who own most of the assets.
But QE has also forced up asset prices, boosting the wealth of the richest, and making it even more difficult for central banks to reverse policy.
Another question being raised is whether the rewards brought by new roads and other infrastructure will benefit the majority of the 25m people who live in the Amazon, or simply boost the wealth of the rich.
Significant rises in property prices over the last 20 years, especially in London and south-east England, have combined with generous boardroom retirement schemes to boost the wealth of the richest, while those who rent and have no pension have seen their wealth remain unchanged or decline.
Since so many people of color are born into households with relatively low net-worth, establishing a policy to use government money to boost the wealth of those born without it would have the effect of promoting racial economic equality.
But Britain's property obsession entrenches poverty and social exclusion at one end of the class spectrum, and boosts the wealth and profits of the small number at the opposite end of the scale.
According to the Bank of England, QE in the UK delivered a massive boost to the wealth of the most prosperous 10 per cent of households in Britain while delivering relatively scant returns for the poorest.
As a result, globalization greatly boosted the expansion of human wealth, benefiting both developed and developing countries alike.
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