Billionaire Families Now Chasing One Investment Over Fine Art and Fancy Cars, According to JPMorgan Chase
Billionaire-class families are now reportedly chasing into a new trading strategy. High-net-worth clients of the banking giant JPMorgan are increasingly attracted to sports teams as they continue to mature as assets, reports Bloomberg. Data from JPMorgan shows that about 20% of the 111 billionaire families served by the bank have purchased stakes in sports teams,
