“This ‘superbillionaire’ class has experienced the most dynamic wealth generation by far over the past decade, underlining the hyperconcentration of global wealth at the very top,” the Altrata report noted.
There are also some broad trends around where superbillionaires are amassing their fortunes, and what industries they’re succeeding in. Among this hyper-exclusive class of the wealthy, around 65%, or 19, reside in America; meanwhile, about three live in China; two have primary residence in India; two are settled in France; one in Spain; while another flits between countries.
Overall, tech billionaires increased their wealth by almost 200% over the past decade—the most in any industry—while those working in entertainment saw their fortunes swell by nearly 150%.
“The technology sector features prominently among the world’s wealthiest billionaires, with the AI boom driving recent strong gains in the portfolio valuations of U.S.-based individuals such as Elon Musk, Larry Ellison, Mark Zuckerberg, Jeff Bezos, and Larry Page,” the report said.
