What are The Richest People Investing in 2024?
Discover what are the richest people investing in 2024. A total of $483 billion is waiting to be invested. Find out where the smart money is going.
The global ultra-wealthy population is on the rise, with a total of $483 billion (€443.5 billion) waiting to be invested in 2024. According to a report by real estate consultancy firm Knight Frank, the number of ultra-high-net-worth individuals (UHNWIs) - those with a net worth of $30 million (€27.6 million) or more - has increased to 626,619 from 601,300 in the previous year. This growth can be attributed to increased investment in shares, a robust performance of the US economy, and a rise in the value of equity markets.
North America saw the highest growth in the number of ultra-wealthy individuals, followed by the Middle East, while Latin America experienced a decline. Despite a challenging year in 2023, the wealthiest individuals are looking to invest in strategic sectors such as technology, energy, and defense in 2024. The property market is also expected to recover, with a focus on prime residential properties and commercial real estate.
AI and climate change are becoming increasingly important factors in real estate investments, with a shift towards AI-related projects and a focus on sustainability. The impact of climate change on the property market is evident, with a growing demand for properties in low-risk areas and energy-efficient buildings.
Luxury collectibles such as rare whisky, classic cars, handbags, and furniture are experiencing a decline in the market, while art, jewelry, and watches continue to rise. The growth in wealth is expected to come from Asia, particularly India and the Chinese mainland, with younger individuals showing more confidence in their wealth growth.
Overall, the wealthiest individuals are optimistic about their wealth growth in the coming years, with women's share of the wealthiest population increasing. The future looks bright for the ultra-wealthy, with opportunities for growth and investment on the horizon.
What are The Richest People Investing in 2024?
Blue Owl Acquires Atalaya Capital Management in $450m Deal
Alternative asset manager Blue Owl expands its credit and asset-based finance capabilities with the acquisition of Atalaya Capital Management for $450m.
Alternative asset manager Blue Owl expands its credit and asset-based finance capabilities with the acquisition of Atalaya Capital Management for $450m.
Read more
European Long-Term Investment Funds Garner €46bn Inflows: H1 2024 Insights
Explore the surge in long-term fund inflows in Europe, with equity funds leading the way. Morningstar's report sheds light on the market dynamics for June and H1 2024.
Explore the surge in long-term fund inflows in Europe, with equity funds leading the way. Morningstar\'s report sheds light on the market dynamics for June and H1 2024.
Read more
Oak Hill Advisors and One Investment Management Collaborate for European Private Credit Investment
New partnership between Oak Hill Advisors and One Investment Management to invest up to $5bn in European private credit, leveraging their sourcing capabilities.
New partnership between Oak Hill Advisors and One Investment Management to invest up to $5bn in European private credit, leveraging their sourcing capabilities.
Read more
Vontobel Acquires Significant Minority Stake in London’s Ancala Partners
Vontobel completes acquisition of stake in Ancala, a leading private infrastructure manager based in London. Stay updated on the latest investment news.
Vontobel completes acquisition of stake in Ancala, a leading private infrastructure manager based in London. Stay updated on the latest investment news.
Read more
Bain Capital to Acquire Envestnet in $4.5B Deal
Bain Capital's acquisition of Envestnet will take the wealth technology platform private, closing in Q4. Stay updated on this $4.5B transaction.
Bain Capital\'s acquisition of Envestnet will take the wealth technology platform private, closing in Q4. Stay updated on this $4.5B transaction.
Read more
AXA IM Alts Raises $2.5 Billion for Bank Risk Transfer Trades
French insurer AXA's alternative investment arm, AXA IM Alts, secures $2.5 billion to capitalize on opportunities in the bank risk transfer market.
French insurer AXA\'s alternative investment arm, AXA IM Alts, secures $2.5 billion to capitalize on opportunities in the bank risk transfer market.
Read more
BNP, UBS Eyeing HSBC's German Wealth Unit Sale
BNP Paribas SA and UBS Group AG among potential buyers for HSBC's German wealth management unit, valued at 300-600 million euros.
BNP Paribas SA and UBS Group AG among potential buyers for HSBC\'s German wealth management unit, valued at 300-600 million euros.
Read more
Hong Kong’s New Investor Visa Program Attracts Over HK$10 Billion Inflows
Discover how Hong Kong is luring wealthy individuals and families with its new investor visa program, bringing in over HK$10 billion in investments.
Discover how Hong Kong is luring wealthy individuals and families with its new investor visa program, bringing in over HK$10 billion in investments.
Read more
Santander AM Enters Listed FX Market at Eurex with Deutsche Bank
Santander Asset Management makes a strategic move by entering the FX derivatives market at Eurex, with support from Banco Santander and Deutsche Bank.
Santander Asset Management makes a strategic move by entering the FX derivatives market at Eurex, with support from Banco Santander and Deutsche Bank.
Read more