The wealth of billionaires has more than doubled over the past decade, increasing by 121 percent to a total of approximately 13.3 trillion euros. This growth reflects not only individual fortunes but also the broader economic landscape that has favored the ultra-wealthy.
The number of billionaires globally has increased by 50 percent since March 2015, reaching a total of 2,682 individuals as of April 2024. The technology sector has seen the most significant wealth accumulation, with billionaires in this industry tripling their fortunes between 2015 and 2024. This growth is driven by advancements in artificial intelligence, cybersecurity, financial technology, 3D printing, and robotics.
The investment strategies of billionaires for the coming year are divided. 40 percent plan to increase investments in real estate and equities from industrialized nations, while another 40 percent are opting for safer assets like gold and other precious metals. Additionally, 31 percent of billionaires intend to bolster their cash reserves to take advantage of investment opportunities during times of crisis.
The COVID-19 pandemic has influenced the relocation choices of billionaires, with one in 15 having moved since its onset. These moves are motivated by a desire for political stability, quality healthcare, and access to top-tier educational institutions, rather than tax advantages. Popular relocation destinations include Switzerland, Singapore, the United Arab Emirates, and the United States.
The future of wealth accumulation for billionaires will likely involve a continued focus on innovation in the technology sector, as well as a growing emphasis on safety and stability in the face of global challenges. The actions and decisions of billionaires will have a significant impact on market trends and investment strategies moving forward.