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Billionaires tend to make riskier investment choices than millionaires, and it helps explain why ultra high net worth individuals lost so much of their money in 2018

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The difference between billionaires' and millionaires' investment choices may be partially to blame, Capgemini told Business Insider.

Millionaires were less negatively affected than billionaires during last year's stock market meltdown, a report from Capgemini found. Billionaires lost 7% of their collective net worth last year, according to Wealth-X's 2019 Billionaire Census. Billionaires' investment choices may be to blame. Billionaires gravitate toward riskier investments than low-level millionaires, Capgemini's Chirag Thakral told Business Insider. Visit Business Insider's homepage for more stories.

Millionaires were less negatively affected than billionaires during last year's stock market meltdown, a report from Capgemini found. Billionaires lost 7% of their collective net worth last year, according to Wealth-X's 2019 Billionaire Census. Billionaires' investment choices may be to blame. Billionaires gravitate toward riskier investments than low-level millionaires, Capgemini's Chirag Thakral told Business Insider. Visit Business Insider's homepage for more stories.

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It also explains why they are billionaires and not millionaires.

Makes sense though right. More to play with, less to lose.

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