Why 2018 Was a Bad Year for Billionaires

The video discusses the trends in billionaire wealth over five years, highlighting a 34% growth until 2018, followed by a 4.3% decline. Despite global volatility, US billionaires continued to grow, driven by tech wealth. The rise of tech billionaires is significant, with their net worth nearly doubling. The video also explores the volatile wealth dynamics in Asia, particularly China, and the demographic factors influencing wealth creation. The growth of women billionaires, termed the 'Athena effect,' is noted, with an increase in self-made women billionaires. The role of billionaires in philanthropy and their investment strategies, focusing on long-term impacts, is also discussed.

What was the percentage growth of billionaire wealth over the five years leading to 2018?

• 24%

• 34%

• 54%

• 44%

Which region showed resilience in billionaire wealth growth despite global volatility?

• Europe

• Asia

• United States

• Africa

What industry has significantly contributed to the growth of billionaires in recent years?

• Manufacturing

• Technology

• Real Estate

• Finance

If technology billionaires were considered a country, where would they rank in size?

• First

• Fourth

• Second

• Third

Which country experienced a volatile change in the number of billionaires?

• India

• Russia

• China

• Brazil

What is the term used to describe the increasing number of women billionaires?

• Venus Effect

• Hera Effect

• Diana Effect

• Athena Effect

What initiative have many billionaires joined to give away a significant portion of their wealth?

• The Philanthropy Promise

• The Wealth Share

• The Charity Commitment

• The Giving Pledge