Tycoon-led companies outperform market, survey finds

Business | 8 Nov 2019 5:02 pm

Billionaire-controlled companies have returned almost twice the average market performance over the past 15 years, new research published today reveals. 

This is one of the findings of the annual UBS and PwC Billionaires Insights report, The Billionaire Effect.

The report also reveals that, over the five years to the end of 2018, billionaire wealth grew by more than a third (34.5 percent), reaching a total of US$8.5 trillion, US$2.2 trillion higher than five years earlier.  In the same period, 589 individuals became billionaires increasing the population by 38.9 percent to 2,101. 

However, in 2018, billionaire wealth dropped by 4.3 percent in the face of a strong US dollar, trade friction, fears of lower economic growth, and financial market volatility. 

Looking at Asia, the wealth of the billionaires in the region has almost quadrupled in over five years. However, affected by slower growth in China and rising US interest rates, wealth in Asia Pacific ended 2018 at US$2.5 trillion, down US$217.6 billion.

The number of billionaires in the region fell by 7.4 percent to 754.

China’s entrepreneurs have become the world’s second-largest billionaire group over the past five years, overtaking Russia's.  Their net wealth has tripled, reaching US$982.4 billion in 2018.

China has 325 billionaires (43 percent of Asia Pacific billionaires). But in 2018, Chinese billionaires’ net worth decreased by 12.3 percent. The number of Chinese billionaires fell by 48 to 325. 

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