December 6, 2024|
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|12 months agoSwiss Billionaire Wealth Study Shows Tech Sector Dominance
UBS report reveals Swiss billionaires' wealth more than doubled in decade, with technology sector showing strongest growth amid global economic shifts.
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Generated IllustrationKey Takeaways
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- The number of billionaires globally rose by 50% between March 2015 and April 2024, reaching 2,682 individuals.
- Tech billionaires saw their wealth triple to $2.4 trillion, marking the highest growth among all sectors.
- Billionaire wealth growth (121%) significantly outpaced the global equities market (MSCI AC World Index), which grew by 73%.
- Approximately 40% of billionaires plan to invest more in gold and precious metals over the next year.
By The Numbers
$14 trillion
Total Billionaire Wealth (2024)
121%
Wealth Growth Rate (2015-2024)
$2.4 trillion
Tech Billionaire Wealth
31%
Billionaires Increasing Cash Reserves
They Said
"Tech billionaires recorded the highest growth in wealth."
"This could reflect fears about increased geopolitical risks and equity market valuations."