Luxury Goods: The new AI super-rich are reshaping the market for jets, yachts and cars
Those making fortunes in Silicon Valley are ditching the champagne for premium water while splashing their bitcoin
The rapid growth of AI-focused companies such as OpenAI and Anthropic has created a wave of millionaires and billionaires, and they are starting to spend – with trophy assets near the top of their lists.
The number of billionaires globally rose 13 per cent year on year to 3,302 in the 12 months that ended in April, more than a thousand of whom are based in the US, according to UBS.