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 😂
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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