What the changing face of billionaires means for investors

“We won’t experience 100 years of progress in the 21st century — it will be more like 20,000 years of progress.” - The Law of Accelerating Returns by Ray Kurzweil.

Kurzweil's 2001 essay argued that human history showed technological change is exponential and in a few decades the world would be unrecognisable. 20 years later we have smartphones, use cryptocurrencies, have AI, and we can buy almost everything we need online. And that is just the tip of the iceberg. All those new technologies and ideas have been brought to the public by entrepreneurs and visionaries, many of whom have become very rich in the process. It is not just about being around at the birth of disruptive, world-changing technologies it is about having the business savvy and driv...