The British pound’s plunge in value after the Brexit vote triggered a steep slide in UK wealth, shrinking the number of British millionaires in a dramatic example of how recent currency gyrations have changed the ranks of the world's most wealthy without alleviating inequality.

Credit Suisse, the Swiss bank, said on November 22 that UK households shed $1.5 trillion in wealth, based on its calculations on data at the middle of the year compared with the same time a year earlier.