UBS study finds billionaires’ wealth more than doubled in 10 years
UBS: Billionaires' wealth more than doubled in ten years
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: UBS study finds billionaires’ wealth more than doubled in 10 years
The number of super-rich people and their wealth has risen significantly in ten years. In April 2024, there were 2,682 billionaires, according to a study by UBS. That is a good 50% more than in March 2015.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
UBS: Vermögen der Milliardäre in zehn Jahren mehr als verdoppelt
Original
Their total wealth increased by 121% to $14 trillion during this period. By comparison, this is around half as much as the total economic output of the US last year.
According to the study published on Thursday, billionaires’ wealth rose faster than the MSCI AC World Index for global equities, which increased by 73% in the same period. In China, billionaires saw a steep rise until 2020, followed by a slight decline. In the US, wealth grew steadily, as did Europe, albeit to a lesser extent.
“Tech billionaires recorded the highest growth in wealth,” UBS noted. Overall, their wealth tripled between 2015 and 2024 to $2.4 trillion. The bank speaks of a boom in industries such as generative artificial intelligence, cybersecurity, fintech, 3D printing and robotics.
In a survey, a good 40% of the billionaires questioned by UBS said they wanted to invest more in real estate and equities from industrialised countries over the next twelve months. Some 40% wanted to invest more in safe havens such as gold and other precious metals.
Some 31% want to increase cash reserves. “This could reflect fears about increased geopolitical risks and equity market valuations,” UBS wrote.
Translated from German by DeepL/jdp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
This content was published on
Scientists have shown that bonobos combine their calls into complex sound sequences that resemble combinations of human words.
This content was published on
US parliamentarians have threatened the UN Human Rights Council with sanctions similar to those against the International Criminal Court (ICC).
This content was published on
Thanks to abundant snowfall, lift operators benefited from increased visitor numbers, with the number of guests jumping by 12% year-on-year.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.