UBS(US:UBS) 第一财经·2025-12-05 09:54Core Insights - The UBS report indicates that the number of billionaires globally has reached 2,919, with a total wealth of $15.8 trillion, marking a 13% increase from the previous year [3] - The report highlights that 287 new billionaires were added this year, the second-highest record since 2015, only behind 2021 [3] - Altrata's analysis shows a record 3,508 billionaires with a combined wealth of $13.4 trillion, with the U.S. accounting for 1,135 billionaires, representing one-third of the global total [3] Self-Made vs. Inherited Billionaires - Among the new billionaires, 196 are self-made, with a total wealth of $386.5 billion, coming from diverse sectors such as marketing software, infrastructure, and LNG [5] - There are 91 billionaires who inherited their wealth, totaling $298 billion, which has increased by over one-third compared to last year [5] - The report anticipates that in the next 15 years, children of billionaires will inherit at least $5.9 trillion, primarily in the U.S., Western Europe, and India [5] Wealth Mobility and Taxation - The report notes a high mobility among billionaires, with 36% of surveyed billionaires having relocated at least once, and 9% considering relocation [5] - Reasons for relocation include seeking better quality of life, more efficient tax handling, and geopolitical influences [5] - There is a divergence in tax policies for the ultra-wealthy, with countries like Italy, the UK, and Spain proposing stricter tax burdens, while Dubai, Abu Dhabi, and Singapore attract wealth through tax incentives [5][6] Tax Policy Reactions - Within Europe, some countries are cautious about implementing stricter tax policies for the wealthy, as seen in France's rejection of a minimum tax proposal for individuals with net assets over €100 million [6] - Switzerland also recently voted against a proposal to impose a 50% inheritance tax on the wealthy, reflecting concerns about maintaining its status as an international wealth hub [6]