**Latest Analysis Unveils Reality Regarding Global Elite**
An updated analysis suggests that the United States possesses almost half of the planet’s billionaire assets, although the quantity of affluent individuals in different regions of the world is anticipated to rise more rapidly in subsequent years.
Based on a current analysis by worldwide real estate advisor Knight Frank, U.S. billionaires possess about $5.7 trillion in assets, which the firm approximates constitutes roughly 40% of worldwide billionaire assets.
Simultaneously, the United States comprises 30% of the world’s billionaires and almost 40% of individuals possessing $10 million or greater in assets. By contrast, the analysis indicates that China comprised 20% of individuals possessing $10 million or greater in assets last year.
However, Knight Frank asserts that the asset environment is shifting: India possesses 191 billionaires, 26 of whom materialized in the prior year, and the quantity of billionaires in France, Brazil, and Russia is additionally expanding.
The firm forecasts that Africa, with its rapidly expanding young populace, natural resources, and foreign investment, is probable to witness its affluent populace expand particularly swiftly in the approaching years.
Knight Frank’s catalog of over 2,700 billionaires reveals that 427 are in finance and investment, and 342 are in the technology sector. Nevertheless, in terms of total assets, tech billionaires prevail, reaching $2.6 trillion, with nine individuals valued at over $50 billion.
The group conveyed that manufacturing is surpassing technology in terms of novel asset creation. While 87% of billionaires are male, almost 47% of billionaires under the age of 30 last year were female. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
