In early 2025, we polled 34 billionaires, asking how each thought the S&P 500 would fare over the year. More than half of them were way off. Nearly half thought the market would be flat or down in 2025. Another 35%—the largest group of all—thought the market would be up, but only by single digits. Only 7 billionaires of the 34 polled, or 21%, correctly guessed that the S&P would end the year up between 10% and 20%.

Source: Forbes January 05, 2026 22:53 UTC