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The combined wealth of the world’s billionaires rose 12.8% year-over-year to $15.1 trillion in 2025, pushing the number of billionaires to a record 3,795 as tech-fueled gains mounted. Amid surging energy prices and rising demand linked to geopolitical risk and AI-driven growth, family offices, commodity traders and hedge funds are increasingly buying physical oil and gas assets and infrastructure.
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