The wealth of billionaires has experienced a significant surge over the past decade, with an impressive increase of 121% from 2015 to 2024. The cumulative wealth of billionaires has risen from $6.3 trillion to $14 trillion, outpacing the performance of global equity markets.
Examining the regional distribution of billionaire wealth reveals significant disparities. Chinese billionaires have seen their fortunes double between 2015 and 2020, while North American billionaires consistently increase their wealth.
The technology sector has been a significant driver of billionaire wealth accumulation, with fortunes in this industry tripling over the past decade. However, the real estate sector has underperformed since 2017.
As the global economic landscape continues to shift, the future of billionaire fortunes will be closely watched by investors, policymakers, and the public.