Time to study broadening of private market access
THE very wealthy are getting wealthier, even after adjusting for their rapidly rising cost of living. Access to private markets might be helping them cement this lead.
Data from Forbes this month showed that the world’s billionaires are worth a record-breaking US$14.2 trillion – up US$2 trillion from the 2023 stocktake, and US$1.1 trillion above the previous record set in 2021.
The Financial Times went a step further to compare the increase in wealth with Forbes’ “cost of living extremely well” index.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Big win for Labour and deal on Europe could produce UK rebound
Will AI ever live up to its hype?
Vibrancy of Singapore Exchange should be everyone’s concern
From Lego to McKinsey, distracted managing can kill companies
South Korea summit comes at key moment in global AI debate
Stock market needs shot in the arm, but not via CPF investments