What are billionaires doing with their money?

Wealth in motion

The below report looks at a decade of wealth creation and points to major shifts in how the ultra-wealthy approach business, philanthropy, and impact. Here are my key takeaways:

🔶 Global billionaire wealth grew 121% since 2015, outpacing the broader market's 73% gain, but growth has stalled since 2020 amid China's economic shifts.

🔶 Tech sector billionaires tripled their wealth to $2.4 trillion, while industrial sector wealth emerged as a surprising second-place winner at$1.3 trillion.

🔶 176 billionaires changed countries since 2020, moving $400 billion in wealth across borders as they seek better healthcare, education and business environments.

🔶 Baby boomer billionaires are set to transfer $6.3 trillion to heirs and philanthropy over the next 15 years - higher than previous estimates.

🔶 56% of billionaires now follow strategic giving plans versus 46% a decade ago, showing a shift toward more structured philanthropy.

🔶 The number of billionaires' children increased from 4,136 to 6,441 in the past decade, adding complexity to wealth transfer planning.

🔶 North America remains the epicenter of billionaire wealth creation, with US billionaires holding over 40% of global billionaire wealth.

The world is experiencing a “great wealth transfer moment” as technology and generational change redefine how vast fortunes are made, moved, and managed across borders.

Author

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