UBS(US:UBS) Hua Er Jie Jian Wen·2025-12-04 10:46Group 1 - The core viewpoint of the article highlights that the number of billionaires and their total wealth is expected to reach a historical high by 2025, driven by soaring valuations of technology companies and rising stock markets [1] - Approximately 2,900 billionaires control a total wealth of $15.8 trillion, a significant increase from around 2,700 billionaires and nearly $14 trillion the previous year [1] - The report indicates that 287 new billionaires are expected to emerge in 2025, marking the second-highest record since 2015, following the surge in 2021 due to government stimulus measures and low interest rates [1] Group 2 - The report from UBS shows that new billionaires include entrepreneurs from various sectors, such as Ben Lamm of Colossal Biosciences and Michael Dorrell of Stonepeak Partners, as well as heirs who have significantly increased their wealth through inheritance [2] - A notable increase in wealth inheritance is observed, with 91 new billionaires inheriting a total of $298 billion, which is over a one-third increase compared to 2024 [2] - UBS estimates that over the next 15 years, at least $5.9 trillion will be inherited by the children of billionaires, primarily occurring in the United States, followed by India, France, Germany, and Switzerland [2] Group 3 - A shift in investment preferences is noted, with the proportion of billionaires considering North America the best investment location dropping from 81% to 63% over the past year, while investment attractiveness in Western Europe and the Asia-Pacific region has increased [3] - Asian billionaires express concerns about tariffs, while U.S. billionaires are more focused on inflation and geopolitical issues [3] - The high mobility of billionaires, especially among the younger generation, is reshaping the global wealth landscape, with Switzerland, the UAE, the U.S., and Singapore being favored destinations [3]