Why 2018 Was a Bad Year for Billionaires

The video discusses the trends in billionaire wealth over five years, highlighting a 34% growth until 2018, followed by a 4.3% decline. Despite global volatility, US billionaires continued to grow, driven by tech wealth. The rise of tech billionaires is significant, with their net worth nearly doubling. The video also explores the volatile wealth dynamics in Asia, particularly China, and the demographic factors influencing wealth creation. The growth of women billionaires, termed the 'Athena effect,' is noted, with an increase in self-made women billionaires. The role of billionaires in philanthropy and their investment strategies, focusing on long-term impacts, is also discussed.

What is the 'Athena effect' mentioned in the report?

How are billionaires expected to contribute to achieving the UN goals?

What investment strategies are billionaires adopting in response to market volatility?