The landscape of billionaire wealth has been changing due to various factors such as economic conditions, demographic shifts, and global events.
Over the past decade, multigenerational billionaires have inherited a total of USD 1.3 trillion, and it is projected that billionaires aged 70 and older will transfer an estimated USD 6.3 trillion over the next 15 years.
Investment strategies among billionaires are also shifting, with a focus on infrastructure and private debt, while hedge funds are losing favor.
There is also an increased interest in arts and antiques among billionaires.
The Covid-19 pandemic has led to a trend of billionaires relocating, with popular destinations including Switzerland, the UAE, Singapore, and the United States.
The United States remains a hub for billionaire entrepreneurs, with a significant increase in wealth. The Americas and Central and South America have also seen growth in billionaire numbers and wealth. In the Asia-Pacific region, Indian billionaires have experienced a rise in wealth, while billionaires in Mainland China and Hong Kong SAR have seen a decline. Western Europe and the UAE have seen an increase in billionaire wealth in the EMEA region.
The rise of self-made billionaires is another notable trend, with entrepreneurs making up a significant portion of new billionaires.
Looking ahead, billionaires will need to navigate an uncertain global landscape and leverage their unique traits to thrive. The next decade is expected to see a continued focus on technology-driven industries.