Global Billionaire Wealth Doubles Over the Past Decade, UBS Report Finds

The number of billionaires has surged by over 50%, with tech and industrial sectors driving unprecedented growth in wealth.

The UBS Billionaire Report reveals that the global billionaire population grew from 1,757 in 2015 to 2,682 in 2024, with total wealth rising 121% to $14 trillion.
Tech billionaires saw the highest gains, with their collective wealth tripling to $2.4 trillion, driven by advancements in AI, cybersecurity, and robotics.
Geopolitical risks and economic uncertainty are prompting billionaires to prioritize investments in real estate, gold, and other 'safe haven' assets.
Since 2020, 176 billionaires have relocated, favoring politically stable countries like Switzerland, Singapore, the UAE, and the US for better healthcare, education, and tax conditions.
Female billionaires have increased significantly, with their numbers and collective wealth growing by 81% and 153%, respectively, over the past decade.