Long-term vision, smart risk taking, business focus and determination have resulted in businesses that have tended to outperform others financially. There was a dip in wealth in 2018. Billionaire wealth dropped 4.3% globally, after five years when it grew by 34.5%.* As the center of economic activity shifts towards Asia, the region’s entrepreneurs are playing a strong role. There will be many more winners and losers in the years to come.
It is difficult to predict the future but leading entrepreneurs are primed for a more difficult environment. But what will remain constant is the billionaire effect – the ability to transform entire industries, to create large numbers of well-paid jobs, and to rally the world to find cures for diseases such as malaria.
For details please read below. It’s really quite an interesting reading.
For further information regarding the latest report in collaboration with UBS: Billionaires Insights 2019 please click here