Since the early 20th century, Hollywood and its global distribution juggernaut has helped promote a fascination with ‘American life’ across the world. And while this may more often than not provide a rather glorified perspective, there’s no doubt of its influence in popular culture. Social media may have evened the playing field, localizing media more than anyone could have imagined, but the US still leads when it comes to celebrity, fame and fortune.
Likewise, when it comes to wealth, the world looks to the US, where more than a quarter of the world’s billionaires reside. Its sheer scale of financial assets means the US has more influence than any other single market, so when it comes to shifts and trends in the sustainability and impact investing space, it’s interesting to see how this is playing out.
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