During this period, the number of billionaires grew by more than half from 1,757 to 2,682. This year, 1,877 billionaires were self-made while 805 were multi-generational.
Global billionaires have outperformed equity markets over the past decade, according to the UBS Billionaires Ambitions Report 2024 which is now in its 10th year.
Between 2015 and 2024, global billionaires’ total wealth increased by 121% to US$14 trillion, compared to MSCI AC World Index’s 73% gain.
