, companies run by billionaires enjoyed returns of 17.8% between 2003 and the end of 2018. That's compared to the MSCI AC World Index's 9.1% return during the same time period. Billionaires' companies were also consistently more profitable and performed better in the six years following an IPO than non-billionaire controlled companies, according to the study.
Self-made billionaires' companies perform even better than those run by the average billionaire, UBS and PwC found. While companies run by billionaires outperformed the market on every continent, the "billionaire effect," as it is called by UBS and PwC, is strongest among US companies. Many billionaires know how to take smart risks, are obsessively focused on their businesses, which allows them to see opportunities others missed, and think longer-term than less wealthy CEOs, the report said.
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great article!
I think the employees who's insurance he completely eliminated would disagree. Mean while this chud us building a DC mansion with 25 bathroom. Tax the rich! Bernie2020
With all that money and power how are they not suppose to succeed.
Lol this is business insider... it’s owned by bezos
Being a sociopath is the key link.
Weird, it’s almost like if you let smart people keep their money instead of taxing it to the hilt, they can, like, create great business that employ a ton of people
So the companies ran by people with more money and power did better That’s mind blowing. Great work here
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