The term “billionaire effect” denotes the tendency of billionaire-controlled companies to generate higher returns. Over the last 15 years, the annualized average returns of public billionaire-controlled companies have been almost twice as high as the performance of the broad equity market. Billionaire-controlled companies have delivered an annualized performance of 17.8%, clearly outshining the 9.1% of the MSCI AC World Index. Their return on equity of 16.6% over the last 10 years has also substantially exceeded the 11.3% that the MSCI AC World Index averaged.
The “billionaire effect” arises due to a combination of personality traits shared by most billionaires: smart risk-taking, business focus, and determination. Billionaires are exceptionally focused on their businesses, they have an appetite for smart risk taking, and their determination isn’t faltered by hurdles. They are far-sighted, thinking years ahead, conjuring up visions and devising roadmaps towards them. They run their enterprises similarly to family businesses and are dedicated to the pursuit of long-term strategies. As a result, billionaire enterprises often are at the forefront of innovation and creators of new business models.
Billionaires insights 2019 (summary)
Billionaires insights 2019 (full report)
The billionaire effect
Billionaires insights 2019
UBS and PwC (PricewaterhouseCoopers)
Full report
https://www.pwc.ch/en/publications/2019/billionaires-insights-2019-web.pdf
Summary
https://www.pwc.ch/en/publications/2019/billionaires-insights-summary.pdf
スイス金融大手UBSと大手会計事務所プライスウォーターハウスクーパース(PwC)が8日発表した報告書によると、世界の億万長者(ビリオネア)の総資産は昨年時点で8兆5000億ドルとなり、前年比4.3%減少した。減少は2015年以来3年ぶり。
地域別では、米国の総資産が0.1%微増の3兆6000億ドル。億万長者の数は19人増の89人。