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Billionaires' wealth has surged by 121% over the past decade, reaching $14 trillion in 2024, outpacing global stock market growth. The technology sector has been the primary driver, with its fortunes tripling, while real estate has lagged due to various market challenges. The number of billionaires rose from 1,757 to 2,682 during this period.
Billionaires' wealth has surged by 121% over the past decade, reaching $14 trillion in 2024, outpacing global stock market growth of 73%. However, since 2020, the annual growth rate has slowed to just 1% due to economic challenges, with a projected $6.3 trillion transfer from baby boomers to heirs or charity in the next 15 years. The number of billionaires rose by 52% to 2,682, but growth has stagnated, indicating structural changes in wealth distribution.
A UBS study reveals that the number of billionaires has surged by 50% over the past decade, reaching 2,682 individuals, with their collective wealth soaring by 121% to $14 trillion. This growth significantly outpaces the MSCI AC World index, which rose by 73%. While tech billionaires saw their wealth triple to $2.4 trillion, the report highlights a shift in investment focus, with 40% of the super-rich planning to invest more in real estate and safe assets like gold, driven by booming sectors such as AI and fintech.
The number of billionaires has surged by 50% over the past decade, with their total wealth increasing by 121% to $14 trillion. Tech billionaires have seen the highest growth, tripling their wealth to $2.4 trillion, while 40% of billionaires plan to invest more in real estate, equities, and safe havens like gold amid rising geopolitical risks.
South Korea's yield spread has improved significantly, with 5-year interest rates dropping to about 2.9% amid falling inflation expectations. While office cap rates have seen minimal expansion, strong investor interest persists due to a robust rental outlook. APAC GDP growth is projected at 3.9% for 2024 and 2025, despite potential geopolitical risks from a new US administration.
Billionaires' wealth surged by 121% to $14 trillion over the past decade, outpacing the MSCI AC World index's 73% growth. Tech billionaires led this increase, with their wealth tripling to $2.4 trillion, driven by advancements in AI, cybersecurity, and robotics. Many billionaires plan to invest more in real estate, equities, and safe havens like gold amid rising geopolitical risks.
The number of billionaires has surged by over 50% in the past decade, reaching 2,682 in April 2024, with their total wealth climbing 121% to $14 trillion. Tech billionaires have seen the most significant growth, tripling their wealth to $2.4 trillion, driven by advancements in industries like AI and cybersecurity. Looking ahead, 40% of billionaires plan to invest more in real estate, equities, and safe havens like gold, reflecting concerns over geopolitical risks and stock market valuations.
Global economies are growing, with the US showing a 2.8% annualized growth in Q3 2024, while inflation has moderated to around 2%. Interest rate cuts are underway, improving investor sentiment, though financing remains tight, particularly affecting the office sector, which continues to see declining values.
Stocks surged as rate cut expectations grew, with the S&P 500, Nasdaq, and Dow reaching record highs. Bitcoin approached $100,000, reflecting positive investor sentiment. Meanwhile, Brent crude futures rose 0.2% to $72.42 a barrel, and gold prices steadied at $2,649 an ounce. Asian markets showed mixed results, with Japan's Nikkei climbing 0.6% to a three-week high, while Hong Kong faced selling pressure.
UBS analysts recommend investors focus on tech, financials, industrials, and utilities stocks as they anticipate strong performance heading into 2025. Tech is projected to grow by 19.8%, driven by the AI boom, while financials are expected to benefit from pro-business policies under President-elect Trump. Utilities are highlighted as a defensive sector amid rising energy demand from AI and electric vehicles.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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