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flag Global billionaires projected to hit nearly 4,000 by 2031.

flag The number of billionaires globally is projected to reach nearly 4,000 by 2031, up from 3,110, according to Knight Frank. flag This 25% increase is attributed to rapid wealth accumulation fueled by technology and artificial intelligence, with the Asia Pacific region expected to surpass North America. flag While the ultra-wealthy become increasingly mobile, wealth concentration remains extreme, with the richest 1% controlling as much wealth as the bottom half of the population.

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