A lot of research has been done to figure out what makes extremely wealthy people unique.
UBS Group AG, a multinational investment bank, and PricewaterhouseCoopers are the latest to attempt to try to understand what makes billionaires different from the rest in a report titled, “Billionaires insights 2019.”
According to the research, these wealthy individuals possess three things that help them build and sustain their wealth. These traits are:
- An appetite for smart risk-taking
- Long term focus on their business and
- Sheer determination. Possessing these three traits, which UBS and PwC dubbed the “billionaire effect,” helps billionaires see things differently and outperform the rest.