Economy

Wealth of super-rich families to soar to $9.5 trillion by 2030

Wealth of super-rich families will grow by 73% by 2030

Families controlling the largest assets through family offices are growing rapidly. According to a report by the consulting company Deloitte, by 2030 it will increase by 73% and reach $9.5 trillion.

Wealth of super-rich families to soar to $9.5 trillion by 2030
Photo: publicly available

Today, family firms manage $5.5 trillion in assets and their influence continues to grow.

Interestingly, family offices are beginning to catch up with hedge funds in terms of asset size and strategic influence on financial markets. Their number will also increase significantly in the coming years, by a third, to 10,720 firms providing services to wealthy families. These investment structures are actively involved in major transactions and have even begun to act as activist investors, shaping market trends.

Amid the rapid growth of wealth, things don't always go smoothly. An example is the collapse of Archegos Capital Management, a fund owned by billionaire Bill Hwang, when the fund failed to fulfill its pledge obligations, resulting in $20 billion in losses. In recent years, the list of the world's richest families has changed significantly. In December 2023, the ruling dynasty of Abu Dhabi Al Nahyan first topped the Bloomberg ranking with a fortune of $305 billion, displacing the perennial leader - the Walton family, which owns Walmart.

It should be reminded that the law allowing foreign banks to open branches in Russia has come into force. The growth of Russians' salaries will lead to an acceleration of inflation.




 

 

 

Author: Наталья Чудесатова

Euros, dollars or real estate: what is the best investment for Russians?

Many Russians are racking their brains over how they can multiply their capital with minimal risks. An expert tells us which market will bring income.

Euros, dollars or real estate: what is the best investment for Russians?
Photo: freepik, Source: freepik.com

n the unstable economic situation, the question of what is the best thing for Russians to invest in is becoming especially relevant. In a conversation with RuNews24.ru, economist Elena Borisova revealed what will definitely bring profit and what will bring losses.

According to the interlocutor of the publication, in the current political situation one should not think about buying currency.

    "It is not worth playing with currency now. It is better to invest in bonds, securities and deposits. To date, Russian banks have raised the interest rate on deposits to the maximum. Many Russians are even selling real estate to make a profit on them. I recommend investing your savings in short-term deposits, as they will no longer grow, but, on the contrary, will begin to gradually decline, "- commented the economist.

At the same time, the expert noted that as soon as the interest rate on deposits starts to fall, the real estate market will revive. And it is interrelated.

    "Those who sold housing for the sake of deposits at 18-20% per annum, will again start buying real estate. And this is logical, as this is the type of investment that will never go bust. It has never fallen in price", - explains Elena Borisova.

The economist also reminded that in Russia there is a new program of long-term savings. This is a savings product for Russians, in which the state participates. The program implies active participation of Russians in the independent formation of the funded part of the pension with the financial support of the state.


Co-financing implies deposits of up to 36,000 rubles per year for three years. However, as the interviewee of the publication emphasized, this type of capital investment is not suitable for everyone.

    "There are nuances here. For example, you can use the money only when you retire. It is not worth entering the program at all ages. The ideal time is seven years before retirement. This will allow you to multiply your capital with a guarantee that a person will definitely receive his money, as well as without a long wait," summarized economist Elena Borisova.

The expert emphasized that investing is always associated with risks, so it is necessary to thoroughly study the market and weigh the pros and cons before making a decision to invest.

 

Author: Наталья Чудесатова

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