Inti Pacheco

The thing is that if you have a billion or two billion, next year you might not have a billion at all.

From Altrada's analysis, it appears that the technology sector is the one that keeps growing in multiples and that's been boosted by the recent AI boom, which means more people are becoming billionaires and other billionaires, their wealth just keeps increasing because they're in that sector.

And a lot of those companies are based in the US, which kind of explains what's going on.

Europe became the second largest region in terms of the billionaire count just this year.

It used to be Asia, but apparently some people have fallen off the list.

The thing is that if you have a billion or two billion next year, you might not have a billion at all.

I'll try to assess that the way to be sure that you stay a billionaire is you need at least 4.5 billion because market volatility, companies get sold.

Things change very quickly.

So from one year to another, you might not be a billionaire anymore.