Number of billionaires globally soars by 13% amid AI shares boom
The number of billionaires worldwide surged by 13% to a record 3,302, driven by a booming AI market, according to UBS. Billionaires' wealth grew by an average of 25% in the year ending April, significantly outpacing the global average personal wealth growth of 10.8%. The trend raises concerns about widening wealth inequality and calls for increased taxation on the super-rich.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 30 Jun 2026, 13:37 UTC · Updated 30 Jun 2026, 13:50 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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