Who are the world’s new millionaires? Invite you to explore the trends of the world’s billionaires in 2023.
There are successful millionaires all over the world in every era. But the success of achieving billions in each period has interesting details. Amidst the economic and investment world problems after the COVID-19 outbreak. There are still many new billionaires emerging. Here, Invest Science would like to take readers to explore the data of those who will be on the list of billionaires in 2023, including the trends of billionaires in the future. According to information from the UBS Group report as follows: [1, 2, 3]
World-class millionaire Rich from inheritance rather than self-made.
A UBS survey clearly shows that The world’s billionaires in 2023 will largely be inherited from previous generations who have already built a strong business foundation. The total net worth of emerging millionaires is $291.5 billion. This is a total of US$150.8 billion in inherited wealth. Passing on wealth to the next generation is already predictable. Over the next 20 years, the value of billionaires’ heirlooms to their heirs could reach 5.2 trillion. US Dollar
New millionaires will change the face of the future with their enormous inheritances.
According to Benjamin Cavalli, head of client strategy at UBS, the next generation of inherited wealth will be able to leverage its wealth to create opportunities to experiment with new business models that are relevant to the times. and may lead to new forms of progress. Responding to the arrival of today’s technology that is developing in leaps and bounds. People who become millionaires by inheriting businesses still have the means to keep their businesses going in the direction they want. Even though it is a new generation method that has a different approach from the previous generation.
China is leading the world with new millionaires.
Overall, the number of new billionaires in the world this year is 157 (rich through inheritance), an increase from 35 new billionaires in 2022. More than half of this number in This year’s new billionaires are mainland Chinese. While one in five of the world’s billionaires is already Chinese, the trend of more Chinese billionaires reflects China’s strength in further economic development. after the world began to recover from the COVID-19 outbreak. And it remains to be seen how China’s billionaires will proceed with their businesses.
The world has always been run by those with money. The increase in billionaires each year is therefore an important issue to keep an eye on. From now on, we will likely see billionaires who become rich through inheritance. including prosperity from building one’s body How will Chinese billionaires continue to develop businesses and change the world as we know it?
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[1] Terry Lan. (December 3, 2023). More Billionaire Wealth Achieved Through Inheritance, Overtaking Entrepreneurship. Retrieved from https://www.investopedia.com/more-billionaire-wealth-achieved-through-inheritance-overtaking-entrepreneurship-8409800
[2] Julia Kagan. (August 31, 2023). UBS: Definition, Bank History, Financial Services. Retrieved from https://www.investopedia.com/terms/u/ubs.asp
[3] UBS. (November 30, 2023). UBS Billionaire Ambitions Report 2023: The great wealth transfer. Retrieved from
Last updated on :
2023-12-10 16:24:30
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