UBS's Mathews on the Impact of Billionaires on Society

The video discusses the resurgence of billionaire wealth post-2015, highlighting the significant rise of Asian billionaires who have surpassed their US counterparts. It explores the sectors where billionaires are most active, such as technology and finance, and addresses the ethical considerations of wealth accumulation. The video also emphasizes the societal impact of billionaires, noting their role in job creation and contributions to arts and sports.

What significant change occurred in the billionaire landscape in 2016?

• Billionaires stopped creating jobs.

• Billionaire wealth remained stagnant.

• The number of Asian billionaires surpassed US billionaires.

• Billionaire wealth declined significantly.

Which sectors are primarily driving the wealth of billionaires?

• Technology and finance

• Real estate and agriculture

• Healthcare and education

• Retail and manufacturing

What percentage of billionaire wealth is self-made?

• 70%

• 80%

• 60%

• 50%

How do billionaires contribute to society according to the report?

• By hoarding wealth

• Through private investments only

• By participating in arts and funding museums

• By avoiding taxes

What is a common characteristic of most billionaires according to the report?

• They are mostly in their 20s and 30s.

• They focus solely on technology.

• They inherited all their wealth.

• They have built businesses over time.