Billionaires have been Beating the Stock Market

Billionaires have been beating the stock market — where they are putting their money now, according to UBS While global stock markets have been on a pretty good run over the past decade, the billionaires have apparently got them beat. That’s according to the 10th annual “Billionaire Ambitions Report” for 2024, recently published by UBS. At the top of that report was data showing that between 2015 and 2024, total billionaire wealth rose by 121% globally, from $6.3 trillion to $14 trillion. The bank compared that to the MSCI AC World Index, which posted a 73% gain in the same…