Table of Contents:
The role of billionaires in technological development
In the current landscape, billionaires are playing a crucial role in the development of innovative technological sectors, in particular generative artificial intelligence (AI) and renewable energy. According to the UBS Billionaires Ambitions Report, the founders and CEOs of technology companies are at the forefront, showing a propensity for risk that sets them apart in the market. This report, now in its tenth edition, offers an in-depth look at the ambitions and investment strategies of billionaires, highlighting how their influence can shape the future
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The economic and geopolitical challenges
Looking ahead to the next ten years, billionaires are faced with a complex economic and geopolitical environment. International tensions and fiscal challenges represent significant obstacles. UBS experts warn that governments must balance spending needs with fiscal management, especially in an era of aging population. In this scenario, billionaire entrepreneurs will need to adopt a strategic approach, taking calculated risks and maintaining a business-oriented focus
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Wealth transfer and estate planning
Another fundamental aspect that emerged from the report concerns the transfer of wealth. Over the past decade, multigenerational billionaires have inherited around 1.3 trillion dollars. However, it is estimated that over the next 15 years, billionaires aged 70 and over will leave assets of 6.3 trillion dollars, mainly in favor of their heirs. This phenomenon is influenced by asset price inflation and the aging of the billionaire population. Family governance therefore becomes essential to involve the new generations and ensure effective management of resources
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The investment choices of billionaires
As far as investment choices are concerned, billionaires continue to rely on alternative asset classes to diversify their portfolios. 38% of respondents plan to increase their direct investments in private equity, while 26% intend to increase investments in infrastructure. However, the hedge fund sector seems less attractive, with a significant percentage expecting to reduce investment. A growing segment is that of art and antiques, where 32% of respondents expect to increase exposure, a clear sign of a change in investment preferences
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