According to the new Billionaire Census from Wealth-X and UBS, the world’s billionaires are holding an average of $600 million in cash each. Up $60 million from a year ago and equals an average of 19 percent of their net worth in cash.
“This increased liquidity signals that many billionaires are keeping their money on the sidelines and waiting for the optimal moment to make further investments,” the study said.
Hoarding. For more click here.