Billionaire wealth has risen 17% in 2016. Despite a period of heightened geopolitical uncertainty, the world’s ultra-wealthy are flourishing

What a difference a year makes. In last year’s report, PwC and UBS asked the question ‘Are billionaires feeling the pressure?’ as billionaire wealth dropped.

This year there has been a dramatic return to growth. Billionaire wealth has risen 17% in 2016, more than double the rate of the MSCI World Index. Despite a period of heightened geopolitical uncertainty, the world’s ultra-wealthy are flourishing.

In this report the drivers behind this growth and some emerging trends are explored. There are startling figures: for the first time in history there are now more billionaires in Asia than in the US, while this year’s 145 new billionaires are responsible for adding 2.8 million jobs to the world economy. We uncover the increasingly powerful role played by networks: more and more families are working together on new ventures and younger entrepreneurs are tapping into a broader group of contacts to orchestrate deals.


https://www.pwc.com/gx/en/industries/financial-services/publications/billionaires-insights.html

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