Monday 21 May 2018

A record number of billionaires and wealth around the world

There are more billionaires in the world right now than ever, according to a new study of the Wealth-X Billionaire Census.
The number of the richest people in the world has risen by a remarkable 15% compared to last year and by the end of 2017, it now amounts to 2 754. The peak of 2 473 from the 2015th year was overcome.
The synchronization of world economic growth and stock market stock prices was the main reason for the accelerated growth in the number of billionaires, says the report.
Asia's billionaires have grown the most, rising 29% in the past year, compared with 11% for North and South America and 9% for EMEA.
As a result, the number of billionaires in Asia exceeded that in North America for the first time in history. There are 784 billionaires in Asia, compared to 727 in North America.
The global fortune of world billionaires rose 24 percent, to a total of $8.2 trillion. Again, Asia's billionaire wealth has risen steadily, from 50% in the past year, compared with 22% in the Americas and 12% in the EMEA.
The growth of Asian billionaires comes mainly from China, Hong Kong and India.
In terms of cities, most billionaires live in New York, followed by Hong Kong, San Francisco, Moscow, London, Beijing, Singapore, Dubai, Mumbai and Shenzhen.
The universities that produce the most billionaire include Harvard, Stanford, University of Pennsylvania, Columbia, MIT, Cornell, Yale and others.
In terms of industries, finance, banking and investment intermediation, the biggest share in the creation of billionaires, followed by industrial conglomerates, real estate and industry and technologies.


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