Here's where billionaires see the best investing opportunities in 2026

Investment Sentiment - Billionaires show increased optimism for investments in Western Europe and China over the next 12 months, with 40% and 34% of respondents respectively identifying opportunities in these regions, compared to 18% and 11% in 2024 [2] - The Asia Pacific region, excluding China, also saw a rise in interest, with 33% of respondents expressing bullish sentiment, an increase of eight percentage points [2] - North America has seen a significant decline in popularity as an investment destination, with only 63% of respondents favoring the region in 2025, down from 80% in 2024 [2] Risks Impacting Investment Decisions - Tariffs are cited by 66% of respondents as a major factor likely to negatively impact the market environment in the next 12 months, followed closely by concerns over geopolitical conflicts (63%), policy uncertainty (59%), and higher inflation (44%) [3] Investment Preferences - The most favored asset class for billionaire investors over the next 12 months is private equity, with 49% planning to invest in direct private equity investments [5] - Hedge funds and public developed market equities are also popular, with 43% of respondents indicating intentions to invest in these areas [6] - Emerging market public equities (37%) and private equity funds (35%) follow as the next most popular investment choices, while there is a noted intention to withdraw funds from private equity compared to publicly traded stocks [6] Long-term Outlook - Despite changes in short-term investment outlooks, the long-term views for the next five years have remained relatively stable across most regions compared to 2024 [4]