Record Number of Global Billionaires Focus Investments on Sports and Philanthropy

With over 3,700 billionaires worldwide, top wealthy individuals like Steve Ballmer and Robert Kraft are increasingly allocating their fortunes toward acquiring sports teams and funding charitable initiatives.

27 Aug, 09:01 — 27 Aug, 09:01

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fortune3d ago

There are a record 3,795 billionaires in the world right now—and just like Jeff Bezos, their favorite investments are sports and philanthropy

Billionaires from Microsoft CEO Steve Ballmer to businessman Robert Kraft are spending their fortunes buying sports teams and funding charitable causes.

By Emma Burleigh

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Record Number of Global Billionaires Focus Investments on Sports and Philanthropy

Sources

There are a record 3,795 billionaires in the world right now—and just like Jeff Bezos, their favorite investments are sports and philanthropy

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