Billionaires Are ‘More Talented’ - UBS Claim Billionaire-Led Businesses Outperform Market by 9%

Billionaires are “a different breed”. That’s the message from UBS/PwC in their 2019 Billionaire Report pointing to billionaire-controlled companies outperforming the global equity benchmark by 8.7%.

Over a 15-year period from 2003-2018 companies “controlled” by billionaires listed on equity markets returned 17.8%, compared to the 9.1% global benchmark from the MSCI ACWI’s broad measure of equity-market performance over the period. UBS claim to be a trusted advisor to around half of the “2,101 billionaires” that the Swiss bank estimates to exist globally. However, over the year billionaire wealth has actually dipped by $388 billion in 2018, ending five years of growth. Following a year characterized by “volatile equity markets” UBS estimate that billionaire wealth has dropped to $8.5 trillion globally.“Billionaires are a different breed of people ... they’re just more talented.

UBS claim that the number of female billionaires increased by almost half in the period, rising from 160 to 233. The report suggests women became billionaires at a faster rate than men over the five years to the end of 2018. Four in 10 of 2018’s self-made female billionaires built businesses in the consumer and retail sector, according to UBS, who highlighted Haidilao hotpot restaurant chain founders

weird flex but ok

So they're not picked at random by the fairy after all...

If by “talent” you mean talented at draining the economy, holding monopolies and crushing small domestic businesses, you betcha. 👍

Go figure 😂

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Carl Icahn’s Investment Fund Is Having Another Terrible YearLegendary Wall Street trader Carl Icahn’s investment fund is having another terrible year Sheesh. -16%... Most of these 'legends' got lucky one time..
Source: Forbes - 🏆 394. / 53 Read more »

Billionaire Ray Dalio provides 3 reasons why the world has 'gone mad' - Business InsiderRay Dalio thinks the dynamics of sound finance have vanished. Here are 3 reasons he sees an unsustainable future for a world that's 'gone mad.' While the World Bank works primarily with the governments of developing countries, there are a wide variety of grant funding sources for Civil Society organizations that work worldwide. There's still hope for all to be financially independent.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Elizabeth Warren 'calculator for the billionaires' swipes at Gates, Cooperman - Business InsiderThe tax forms a key part of her populist campaign, and Warren has welcomed public clashes with billionaires to highlight her progressive zeal. Yeah, let’s villainize the person who has given away $50 billion to charity and plans to give away the remaining $100 billion upon his death. 🤦‍♂️ I call it 'stealing' from AndrewYang. Subtext: Feminism is not justice. jurisprudence
Source: BusinessInsider - 🏆 729. / 51 Read more »