The Ranks of Global Billionaires: Not All Billionaires Are Made Equal
There are 2101 billionaires in the world – 40% more than five years ago
The number of billionaires in the world continues to grow, according to a new study, despite the fact that the bank accounts of the super-rich have lost a lot of weight last year..
There are currently about 2,101 billionaires in the world, which is 589 people (or 38.9%) more than five years ago, according to the 2019 UBS Billionaire Insights report..
Over the same five-year period, their combined wealth grew by more than a third (34.5%) to $ 8.5 trillion. The report covers the period from 2013 to 2018.
A Swiss bank found that the total fortune of billionaires fell for the first time in five years in 2018 amid «a strong US dollar, trade friction, fears of slowing economic growth and financial market volatility».
American billionaires were the only ones who did not feel the fall in 2018, their combined wealth grew by 0.1%. About 749 billionaires lived in the region at the end of last year with a combined wealth of $ 3.6 trillion..
However, the Asia-Pacific region is still home to the largest number of billionaires in the world. With 754 billionaires whose combined wealth was $ 2.5 trillion, the region represents 36% of the world's billionaire population..
At the same time, China accounts for 43% of the region's billionaires. India accounts for 14%, Hong Kong 9% and Japan only 4%.
Top 15 Richest People In The World (1997-2021)
In Europe, the billion-dollar Middle East and Africa, the population fell 5% last year, to 598, with a combined wealth of $ 2.4 trillion..
The report also notes a marked increase in the number of women joining the ranks of the super-rich. There are now 233 female billionaires in the world, up 46% from the 160 registered in 2013. The trend outpaced growth rates of 39% over the five-year period seen by their male counterparts.
This growth was mainly driven by women in Asia and women entrepreneurs.
«While Asia is still considered to be more traditionally male-dominated, it is gratifying to see the number of female billionaires more than doubled in the past five years.», – noted in the report Julia Leong, partner in partner and private banking.