top646 bet

top646 bet Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion, Swiss bank UBS said Thursday, with tech billionaires' coffers filling the fastest. Switzerland's biggest bank, which is among the world's largest wealth managers, said the number of dollar billionaires increased from 1,757 to 2,682 over the past 10 years, peaking in 2021 with 2,686. The 10th edition of UBS's annual Billionaire Ambitions report, which tracks the wealth of the world's richest people, found that billionaires have comfortably outperformed global equity markets over the past decade. The report documents "the growth and investment of great wealth, as well as how it's being preserved for future generations and used to have a positive effect on society", said Benjamin Cavalli, head of strategic clients at UBS global wealth management. Between 2015 and 2024, total billionaire wealth increased by 121 percent from $6.3 trillion to $14.0 trillion -- while the MSCI AC World Index of global equities rose 73 percent. The wealth of tech billionaires increased the fastest, followed by that of industrialists. Worldwide, tech billionaires' wealth tripled from $788.9 billion in 2015 to $2.4 trillion in 2024. "In earlier years, the new billionaires commercialised e-commerce, social media and digital payments; more recently they engineered the generative AI boom, while also developing cyber-security, fintech, 3D printing and robotics," UBS said. The report found that since 2020, the global growth trend had slowed due to declines among China's billionaires. From 2015 to 2020, billionaire wealth grew globally at an annual rate of 10 percent, but growth has plunged to one percent since 2020. Chinese billionaire wealth more than doubled from 2015 to 2020, rising from $887.3 billion to $2.1 trillion, but has since fallen back to $1.8 trillion. However, North American billionaire wealth has risen 58.5 percent to $6.1 trillion since 2020, "led by industrials and tech billionaires". Meanwhile billionaires are relocating more frequently, with 176 having moved country since 2020, with Switzerland, the United Arab Emirates, Singapore and the United States being popular destinations. In 2024, some 268 people became billionaires for the first time, with 60 percent of them entrepreneurs. "The year's new billionaires were mainly self-made," said UBS. The report said US billionaires accrued the greatest gains in 2024, reinforcing the country's place as the world's main centre for billionaire entrepreneurs. Their wealth rose 27.6 percent to $5.8 trillion, or more than 40 percent of billionaire wealth worldwide. Billionaires' wealth from mainland China and Hong Kong fell 16.8 percent to $1.8 trillion, with the number of billionaires dropping from 588 to 501. Indian billionaires' wealth increased 42.1 percent to $905.6 billion, while their number grew from 153 to 185. Western Europe’s total billionaire wealth rose 16.0 percent to $2.7 trillion -- partly due to a 24 percent increase in Swiss billionaires. UAE billionaires' aggregate wealth rose 39.5 percent to $138.7 billion. UBS said billionaires faced an "uncertain world" over the next 10 years, due to high geopolitical tensions, trade barriers and governments with mounting spending requirements. Billionaires will therefore need to rely on their previous distinctive traits: "smart risk-taking, business focus and determination". "Risk-taking billionaires are likely to be at the forefront of creating two technology-related industries of the future already taking shape: generative AI and renewables/electrification," UBS predicted. And more flexible wealth planning will be needed as billionaire families move country and spread around the world. The heirs and philanthropic causes of baby boom billionaires are set to inherit an estimated $6.3 trillion over the next 15 years, UBS said. rjm/gv

Steelers QB Russell Wilson is spreading the wealth on offenseFrom Astro Bot to Prince of Persia: 15 best video games of 2024

Kumily town in idukki, which has been famous for its spices and crunchy banana chips, has now become a hub for the sale of Kerala State lottery tickets. With Sabarimala pilgrims and the tourists visiting the town stocking up on lottery tickets, the town now has over 50 lottery shops. Some of these shops remain open round the clock during the Sabarimala pilgrimage season. Chakravarthi, a lottery shop owner at Kumily, said there was a growing interest among visitors to buy lottery tickets. “Tourists, Sabarimala pilgrims and even foreigners are eager to purchase lottery tickets. Such lotteries are not available in many places and so people buy them with great enthusiasm,’‘ he said. Bumper sales Among the most sought-after of the tickets is the one for the Christmas bumper, priced at ₹400. “Every day I sell 20-25 Christmas bumper tickets,” Mr. Chakravarthi said. According to local lottery shop owners, a significant share of customers comes from Tamil Nadu. Many shops report selling more than 1,000 tickets a day, with long queues found in front of the shops during the pilgrimage season. “During this period, shops open early in the morning and run until late in the night. Some even operate round the clock,” one shopkeeper said. Sreeram, a Sabarimala pilgrim from Trichy in Tamil Nadu, shared his experience. “Lottery tickets are not available in Tamil Nadu, so I bought one from here out of curiosity. I’m trying my luck with this Kerala government-owned product,” he said with a smile. The surge in lottery sales has also turned Kumily into a lucrative destination for shop owners. Muhammed Rajali, a shopkeeper who leases his space for selling lottery tickets, revealed the economics behind it. “I rent out my shop for ₹1,000 a day with a security deposit of ₹3 lakh. This demand has turned Kumily into a thriving lottery hub,” Mr. Rajali said. With the increased interest in lottery tickets, Kumily has also become a must-stop destination for tourists and pilgrims alike. Published - December 22, 2024 08:58 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit