Companies run by billionaires performed twice as well as the market average in the last 15 years and it's part of the 'billionaire effect,' new study says
Business Insider -

Companies controlled by billionaires performed almost twice as well as the market average equity between 2003 and 2018, UBS and PwC's 2019 Billionaires Report found.

Billionaires' companies are also consistently more profitable than companies not run by billionaires, and shareholders have billionaires' shared personality traits to thank, according to UBS and PwC.

Self-made billionaires' companies perform even better than those run by the typical billionaire, UBS and PwC found.

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