00:00 Speaker A
globally uh in the over the over 2025. So, um ending January 2026, uh about uh 2 million new millionaires were created. And in total, uh total wealth of this group of anyone with a million dollars and above climbed 9% to $98 trillion dollars. To put it in a in simple terms, the um report basically says that the AI trade is a key driver of of wealth creation so far. Really for what we’re talking about here, anybody with a broker account or a 401k is benefiting from this AI rally. And this isn’t something um, you know, that you don’t you’re not aware of that the stock market has been going up uh since 2023 every year. And the other thing here too to know is that it’s the highest in four years. So the last time we saw this was in 2021. Back then, equity allocation for this group, high net worth individuals, was about 30%. And right now, it’s gone up to 27%. So they’re still actually this group is still actually underallocated equities.
01:04 Speaker B
you’ve got massive IPOs on the way. So Open AI, Anthropic, SpaceX. How how does that sort of play into this dynamic we’re talking about?
01:12 Speaker A
Right. Well, in one way you can see them as a huge wealth creation creating event events that are coming up. But in the other way too, it’s a huge test for markets and really what the appetite is. Like obviously, a big part of this group of of high net worth individuals, they have access to alternative investments like like pre- IPO, um private equity investments that um regular investors don’t have. And so this is going to be a shift, a shifting moment and it could be really big. But for the insiders of the companies, like the founders, um early employees of startups, um that are going public this year, it’s huge.
