AI continues to drive global billionaires higher, with their net worth reaching $98.3 trillion.

The Capgemini report reveals that the wealth of the world's billionaires is projected to increase by nearly 9% by 2568, driven by AI stocks, pushing their combined net worth to $98.3 trillion.

June 4, 2569 at 08.00:XNUMX a.m. Bloomberg News reported that The wealth of the global rich is projected to continue increasing until 2568, driven primarily by investments in artificial intelligence (AI) and a surge in stock markets. This resulted in the net worth of high-net-worth individuals (HNWIs) worldwide reaching record highs.

The World Wealth Report by Capgemini, a French consulting and technology firm, indicates that the net worth of individuals with investment assets of $1 million or more increased by 8.9% last year to $98.3 trillion, nearing the $100 trillion mark for the first time.

That figure is roughly equivalent to the world's gross domestic product (GDP), which the World Bank estimates at $111 trillion in 2567.

Jared Murphy, Head of Strategic Accounts at BlackRock. Those involved in the report stated that the nearly $100 trillion in wealth is a massive figure and reflects enormous business opportunities for the global wealth management industry.

The report indicates that the rise in global stock markets, driven by expectations surrounding AI, was a major factor in wealth creation over the past year. As a result of this trend, the number of millionaires worldwide increased by nearly 2 million, reaching a record high of 25.3 million.

Meanwhile, the group of ultra-high-net-worth individuals (UHNWIs), with assets of $30 million or more, is the fastest-growing wealthy segment, with the number of people in this group reaching a record high of 250,000 worldwide.

Capgemini predicts that 2569 could be another year of accelerated wealth accumulation among the global rich, following the IPOs of major AI and space technology companies.

The SpaceX IPO is likely to create a large number of new millionaires and billionaires, pushing Elon Musk closer to becoming the world's first trillionaire.

Meanwhile, Anthropic and OpenAI are accelerating their plans to list on US stock exchanges, which could open up opportunities for global investors to directly own shares in leading AI companies.

The United States remains the country that creates the most new millionaires in the world, with 736,000 new individuals holding million-dollar assets by 2568, bringing the total number of millionaires to 8.7 million. The value of their wealth is expected to increase by 10% from the previous year.

However, at the regional level, the Asia-Pacific region experienced the highest wealth growth, increasing by 10.5%, outpacing North America. A key driver was the surging demand for semiconductors and AI chips, leading to strong gains in Asian stock markets.

Japan and China created the most new millionaires in the region, with Japan adding 436,000 and China adding 154,000. Conversely, the Middle East was the only region where wealth contracted, with the number of millionaires decreasing by 1.4%, due to the impact of weak oil prices and regional conflicts.

Although global wealth has increased, the report indicates that economic inequality continues to widen.

Data from the Federal Reserve (Fed) indicates that in the fourth quarter of 20568, the wealthiest 1% of the U.S. held nearly 32% of the nation's wealth, the highest level since data collection began in 1989.

Capgemini stated that the image reflects the characteristics of a K-shaped economy, where asset holders benefit from the financial market recovery, while a segment of the population does not benefit to the same degree.

Furthermore, the investment trends of the wealthy have shifted, with stock holdings increasing to approximately a quarter of their portfolios. Meanwhile, alternative investments such as commodities, cryptocurrencies, hedge funds, and private equity have decreased in proportion due to the stock market's superior returns in recent periods. However, more than two-thirds of wealthy investors still plan to increase their investments in private equity funds in the future.

refer : bloomberg.com

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