Number of billionaires globally soars by 13% amid AI shares boom

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The number of billionaires worldwide rose by 13% to 3,302, with their wealth increasing by 25% on average over the past year, driven in part by the boom in AI-related shares. This growth outpaces the average global personal wealth increase of 10.8%, according to Swiss bank UBS research.

Billionaires’ wealth grew by 25% on average in the year ended in April, research from Swiss bank UBS finds Business live – latest updates The number of billionaires in the world has jumped by 13% to a record 3,302 people, new figures show, as the super-rich accumulate wealth at an accelerating rate. Billionaires’ wealth grew by 25% on average in the year ended in April, compared with a 10.8% rise in average personal wealth around the world, the Swiss bank UBS found. Continue reading...