Globally, about 28,420 "centimillionaires" exist, with the majority residing in New York City, the Bay Area, Los Angeles, London, and Beijing. These individuals hold assets over $100 million and invest differently than typical investors. They focus on preserving wealth through stable investments like real estate and avoid high-risk ventures or volatile assets like cryptocurrencies. Instead, they may invest in private credit, alternative investments, and potentially sports teams.
Goldman Sachs and Mubadala have partnered to invest $1 billion in the Asia-Pacific region, targeting private credit opportunities. The strategic partnership leverages Goldman Sachs' expertise and Mubadala's capital to explore growth potential in India, the fastest-growing G20 economy. This move aligns with the UAE's increased economic engagement with India and Mubadala's focus on diversifying its portfolio.
