Trend: Number of billionaires increased by 50% in decade while wealth increased by 121%

It is common for billionaires to settle in a new country but this trend has accelerated after the Corona epidemic. Among the new countries where billionaires are moving, Switzerland, UAE, Singapore and America are at the top. According to a report by UBS Group AG, there are currently 2682 billionaires in the world. From 2020 till now, one in every 15 of these billionaires are leaving their country and settling in another country.

These people took with them a capital of 400 billion dollars (about 34 lakh crore rupees). Most of that capital went to Middle-Eastern and African countries. According to the report, the total number of billionaires worldwide has increased by 50% in the last 10 years. But in the meantime, his wealth has increased by 121% to 14 lakh crore dollars i.e. more than 1185 lakh crore rupees. Concerns about quality of life with aging – A recent report revealed that as billionaires age and their families continue to grow.

Children of billionaires increased by 56 percent in 10 years The report mentions that the number of children of billionaires has increased by 56% to 6441 in the last 10 years. The shock of the Corona pandemic has made first-class healthcare essential for growing families. In addition, young families prefer excellent education and a safe environment.

Billionaires will maximize investment in real estate 40% of billionaires surveyed by UBS said they intend to increase investment in real estate over the next 12 months. Apart from this, they will also invest in the stock market and gold of developed countries. About one in three billionaires prefer cash. Which shows how worried they are about increasing geopolitical risks.