15 ways things have changed for billionaires in the past year - Business Insider

Francoise Bettencourt Meyers smiles during a visit with French prime Minister Manuel Valls at L'Oréal Headquarters in Clichy, on the northern outskirts of Paris, France.The personal fortunes of French billionaires have grown at more than twice the pace of American and Chinese billionaires in the first half of 2019,previously reported.

Chinese billionaires may not have enjoyed the success of their French counterparts, but they may have helped create it, according to . Three of the 14 French citizens listed in Bloomberg's list of the 500 wealthiest people in the world have made their fortunes from luxury cosmetics and goods. The sector is booming, largely thanks to increasing Chinese demand.

13. Billionaires are increasingly preparing for a global recession by changing how they store their wealth.Though many financial planners advise not altering your portfolio in reaction to anticipated market changes, some high-net-worth people are shifting their fortunes from bonds and into cash to reduce their risk,14. The public increasingly held billionaires accountable for how they made their fortunes ...

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