Between 2015 and 2024, billionaire wealth increased by 121% globally, according to the 10th UBS Billionaire Ambitions Report. By comparison, the MSCI AC World Index of global equities rose by 73%.
During the 10-year period, the number of billionaires increased from 1,757 to 2,682, peaking in 2021 with 2,686 billionaires. Since 2020, consolidation among China’s billionaires has slowed the global trend.
Chinese billionaire wealth more than doubled from 2015 to 2020, rising from $887.3 billion to $2.1 trillion. Since then, it has fallen to $1.8 trillion. Even so, the overall number of billionaires remains stable, UBS reported.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
