Billionaire Ambitions Report 2024

UBS

Research

60 Pages

UBS looks at the trends in billionaire wealth over the past 10 years. 

Key Takeaways

Inheritance Overtakes Entrepreneurship: In the past year, 53 heirs inherited a total of $150.8 billion, surpassing the $140.7 billion amassed by 84 new self-made billionaires, indicating a historic shift in wealth accumulation sources.
Surge in Billionaire Numbers: The global billionaire count rose by 7% to 2,544 individuals, with China leading in the creation of new billionaires, reflecting dynamic economic growth in the region.
Heirs' Investment Preferences: Inherited wealth holders show a strong inclination towards private equity, with 59% aiming to increase direct investments and 55% favoring private equity funds, contrasting with self-made billionaires who lean towards fixed income and private debt.
Philanthropic Outlook: A significant 68% of self-made billionaires prioritize philanthropic goals as a central aspect of their legacy, compared to 32% of heirs, highlighting differing perspectives on wealth stewardship.
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