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Wealth-X Billionaire Census 2017

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Wealth-X Billionaire Census 2017

Official Press Release by Wealth-X on 21st March 2017

Wealth-X, the global leader in applied wealth intelligence, today released its Billionaire Census 2017 revealing that there are 2,397 billionaires in the world.  This figure represents a 3.1% decline in billionaire population in 2016, the first annual decrease since the global financial crisis.

The fourth edition of this market leading report reveals that 283 individuals (more than 10% of total billionaires) lost their billionaire status in 2016, and 207 new billionaires emerged to join this exclusive wealth tier.  While the decline from record-highs reflects a loss of momentum in recent wealth creation, the current billionaire population and their combined wealth still remains larger than in 2014.

The Wealth-X Billionaire Census 2017 offers a comprehensive study of developments across the billionaire population in 2016, considering regional trends and changes in individuals’ net worth, and provides a breakdown of billionaires’ asset holdings, gender, industry focus and source of wealth.  Several key findings emerge in this report, including but not limited to:

  • Shifts in regional wealth – After years of leading global billionaire growth, the Asia-Pacific region recorded a sizeable decrease in its billionaire population in 2016 – the Americas represented the only region to record an increase in billionaire population and wealth
  • The volatile nature of extreme wealth creation and preservation – In 2016, just under three-quarters of billionaires experienced a rise or fall of more 5% of their net worth, and one in five saw a fluctuation of more than 20%
  • The technology sector’s impact – Billionaires primarily based in the tech sector have an average net worth of $5.2 billion, nearly $2 billion higher than average billionaire wealth

 

Leveraging this extensive analysis, the report also takes a forward look and explores how recent dramatic shifts in the geopolitical environment along with economic uncertainty and digital ‘disruption’ could impact the billionaire population in 2017 and beyond.

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New for 2017, the Wealth-X Billionaire Census showcases the similarities and differences of four archetypal billionaire groups based on age, gender, geography, wealth source and asset holdings:

  • Billionaires who went to Harvard University – the most popular alma mater for this demographic
  • Tech industry billionaires – half of the world’s 115 tech industry billionaires are below age 50
  • Billionaires who inherited their wealth – there are more female inherited billionaires than the total number of either Harvard or tech billionaires
  • Chinese billionaires – also younger than the global average, with one-third under age 50

 


wealth-x-logoAbout Wealth-X

The global leader in wealth information and insight, Wealth-X partners with leading prestige brands across the financial services, luxury, not-for-profit and higher-education industries to fuel strategic decision-making in sales, marketing and compliance. Wealth-X boasts the world’s most extensive collection of hand-curated dossiers on the ultra wealthy and produces unparalleled high net worth market research. Founded in 2010, with more than 200 staff across North America, Europe and Asia, Wealth-X works with over 500 clients, providing them with unique data, analysis and counsel to drive business success.

For more information, visit wealthx.com



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