The world has never had so many rich people and their investments in soaring stock markets have made them wealthier than ever recorded, according to a study published on Wednesday.Their fortunes have risen as stock markets have surged: New York's tech-heavy Nasdaq soared 43 percent in 2023 while the broad-based S&P 500 gained 24 percent.
The first estate is looking a lot like the first estate again.
Also, on a related note, the second estate is behaving a lot like the second estate again.
It presents a chin-stroker regarding how the third estate might respond.