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Tariff Policy, the Most Worrying Thing for Global Billionaires in 2026

Nabilah Muhamad 02/02/2026 09:49 WIB

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The UBS survey shows that trade tariff policies will be the most worrying aspect for 66% of the world's billionaires in 2026.

The Thing That Global Billionaires Are Most Concerned About in the Next Year (September-October 2025)

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Tariff Policy, the Most Worrying Thing for Global Billionaires in 2026

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The Thing That Global Billionaires Are Most Concerned About in the Next Year (September-October 2025)

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The report titled 'UBS Billionaire Ambitions Report 2025' reveals a number of factors that are a concern for billionaires around the world.

The survey results show that trade tariff policies are the most worrying aspect, with 66% of global billionaires assessing this factor as potentially having a negative impact in the next 12 months.

In addition, billionaires are also monitoring other risks such as geopolitical conflicts, policy uncertainty, and the global economic situation.

Meanwhile, the issue of climate change is considered to have a relatively lower level of concern compared to these factors.

In full, here is the list of factors that global billionaires assess as potentially having a negative impact on the economy and markets in 2026:

International trade tariffs: 66%
Major geopolitical conflicts: 63%
Policy uncertainty: 59%
Higher inflation: 44%
Debt crisis: 34%
Higher taxes: 28%
Global recession: 27%
Higher interest rates: 19%
Supply chain disruptions: 19%
Financial market crisis: 16%
Technological disruption: 15%
Climate change: 14%
Higher energy costs: 8%
Global health crisis: 6%
Deflation: 5%
Other: 1%
Not worried: 1%

UBS conducted this survey on 87 billionaire clients spread across Switzerland, Europe (except Switzerland), Hong Kong, and the United States. The data collection was done through in-depth interviews from September 27 to October 7, 2025.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Tariff Policy, the Most Worrying Thing for Global Billionaires in 2026

Tariff Policy, the Most Worrying Thing for Global Billionaires in 2026

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Tariff Policy, the Most Worrying Thing for Global Billionaires in 2026

Tariff Policy, the Most Worrying Thing for Global Billionaires in 2026

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