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.
Popular Stories
More
Swiss Politics
In Switzerland, New Year brings ‘burka ban’ and pension hikes
This content was published on
A Swiss study suggests that the Gulf Stream hasn’t weakened yet, but it’s too early to sound the all-clear on future climate change.
Switzerland adopts EU rules to curb illegal air entry into Schengen
This content was published on
The Swiss government has approved EU rules on sharing passenger information to prevent air passengers from illegally entering the Schengen area.
Swiss skier dies after accident on Bernese Oberland slopes
This content was published on
An 80-year-old Swiss man died on Monday following an accident on a marked piste in the Adelboden-Lenk ski area in the Bernese Oberland.
International and Swiss experts call for new obesity guidelines
This content was published on
A group of global experts, including Swiss doctors, has issued a report calling for a new definition of obesity that goes beyond BMI.
Iran and EU discuss nuclear issues, Russia and the Middle East in Switzerland
This content was published on
After meeting with French, German, and British representatives on Monday, Iran continued its talks with the EU representative in Geneva.
This content was published on
Lucerne-based steelmaker Swiss Steel has confirmed it will cut 130 jobs in Emmenbrücke, despite the emergency aid promised by Switzerland’s parliament.
Swiss SGS and French Bureau Veritas eye $35 billion merger
This content was published on
The Swiss inspection firm SGS has confirmed it is in talks with the French company Bureau Veritas about a potential merger of nearly $35 billion.
European committee raises alarm over police violence in western Switzerland
This content was published on
A Council of Europe committee is concerned about police practices in western Switzerland, citing “allegations of physical mistreatment” against detainees.
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.