In a world facing increasing geopolitical tensions and sustained volatility in financial markets, the ultra-rich are reassessing their investment priorities. A recent study by UBS, titled "UBS Billionaire Ambitions," reveals that these billionaires are adopting defensive strategies to safeguard their wealth against constantly evolving risks. Among their preferred choices are traditional assets such as real estate, precious metals like gold, and even cash reserves. These trends, far from being trivial, reflect a desire for diversification and protection against global uncertainties.