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What is behind the billionaire effect?

for The last 15 years have been for the billionaires, the maximum remains fruitful in your money increase. The company, which are largely controlled by you, obtained between 2003 and 2018, an average annual increase of 17.8 percent. These include such as the Social-Media giant Facebook, the computer manufacturer, Dell, the US-software company Salesforce, the cosmetics company L'oreal and the Rothschild Bank. While L'oréal heiress Liliane mind Bettencourt until her death in 2017, to remain out of the Public view, is Facebook to become chief Mark Zuckerberg to face a draw-Tech-Elite.

mere mortals, and their savings in those 15 years, in a global share had invested funds, had to settle for a good half high return satisfied. If equal to an average of 9.1 percent per year is still very presentable. Eye-catching: The Performance gradient between the billionaire-controlled companies and the global share market has drifted to the financial crisis of 2008/09 is particularly strong apart.

In the latest billionaire report from UBS and PricewaterhouseCoopers, therefore, is from the "billionaire" effect of the speech. What makes this effect? Why reindeer billionaire-controlled companies are so much better than the other stock exchange companies listed? The authors of the Reports to see three typical character traits as causal. First of all: For billionaires risks are to be occupied, in principle, positive. You can focus on those that you understand, and look for Ways to mitigate risks.

Always search for ideas

Furthermore, these entrepreneurial types are characterized by a constant vigilance – each opportunity is thoroughly checked to ensure they can be in a business idea and transform it. Thus, according to the Report, the people of the setbacks and obstacles do not discourage. To distinguish finally, billionaire-controlled companies are characterized in that they track similar to the family – owned company – a long-term strategy. The art closes with a resources for research and development on products with the highest potential to focus. But also continuous investment in training and quality of employees belong to it.

most pronounced in the billionaire, it is observed effect in the United States, where in the technology sector, the dominance of the richest of the Rich is particularly noticeable. Behind China, where the economy invents under the influence of the billionaires "continuously following", as it says in the Report. Will is conducive to the mood of the Chinese consumer, the new business ideas are basically open.

The billionaire effect is apparently not dependent on companies that are wholly or majority owned by a billionaire. Likewise, plays a role, whether the companies listed on the stock exchange or privately owned. The key question is: does the entrepreneur-billionaire a decisive influence on the business strategy and activity?

crucial

As a billionaire-controlled companies are, because in the Report are those in which 20 percent of the capital and/or 30 percent of the voting rights in billionaire hands are United. Added to this are firms in which billionaires are course, even without these quotas clearly defining. A total of 535 companies have met these criteria.

Of far-above-average increase in the value of billionaire-controlled companies, has the consequence that most of these hard-to-rich people to stay in their company is investing. Of the 2101 individuals that were, according to the Report by the end of 2018, over a billion in assets, had their 1936 or 92 percent of the share capital; in almost two-thirds of the cases were majority holdings.

Speaking of the number of billionaires: last year you went to 57 at the said 2101 back. The decline is observed in all regions of the world, with the exception of North and South America. In Switzerland, the billionaire club shrank by three to 33 members. The main reason for the global decline is the weakness in the stock markets. Added to this was the last year's increase in the value of the dollar had on the translation of the billionaire's assets outside the dollar area a disadvantage.

2018 remains an exceptional year

for these reasons, declined to 2018, the global total wealth of billionaires by 4.3 per cent to about 8530 billion dollars. In this country the assets are formed of the super-rich to 14 percent to the equivalent of about $ 107 billion. Thus, a ten-year period, in the the billionaire's assets had steadily increased ended.

Alone between 2013 and 2018, the billionaires were able to multiply their assets by 34 per cent – in spite of last year's shock. For comparison: The Index for the global stock market rose to 27 percent. For the current year, the signs are more favourable, have not yet made the stock exchanges in many places, their last year's losses in just a long race, but also a new all-time highs driven.

Created: 08.11.2019, 19:51 PM

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