First Global Census Shows Record of
2,170 Billionaires Worldwide
06 November 2013
Wealth-X (1) and UBS Billionaire Census 2013 (2) shows Asia as fastest
growing region with 18 new billionaires in 2013
Hong Kong/Zurich, 6
November, 2013 – The inaugural Wealth-X and UBS Billionaire Census 2013,
released today, reveals that the global billionaire population reached a
record 2,170 individuals in 2013 and total billionaire wealth in Asia
surged nearly 13 percent, making it the fastest-growing region.
current growth rates, the Wealth-X and UBS Billionaire Census 2013, the
first-ever comprehensive global study on this ultra wealth tier, forecasts
that Asia will catch up with North America in five years. Asia also saw
the highest percentage rise in billionaire population (3.7% from 2012) and
total wealth (13%) in 2013, suggesting that it is driving the tectonic
shifts in wealth globally.
The report also shows that 810 individuals
became billionaires since the 2009 global financial crisis. The
billionaire population’s combined net worth more than doubled from US$3.1
trillion in 2009 to US$6.5 trillion in 2013 – enough to fund the United
States budget deficit until 2024, and greater than the GDP of every
country except the United States and China.
The report – which looks at
the global billionaire population from July 2012 to June 2013 – examines
this tier of the ultra affluent population by region, country, gender and
the sources of their wealth.
Below are other key findings from the
- The global billionaire population rose by 0.5 percent and their total
wealth increased by 5.3 percent in the past year.
- Europe is home to the most billionaires (766 individuals). However,
North America has the most billionaire wealth (US$2,158 billion).
- Asia contributed the largest number of new billionaires (18) this year,
followed by North America (11).
- Latin America is the slowest growing region in terms of billionaire
wealth, increasing by just 2.3 percent in the past year.
- As of 2013, the average net worth of the world’s billionaires is US$3
- Globally, there are 111 individuals who each have a net worth that
exceeds US$10 billion. Their combined net worth is over US$1.9 trillion,
greater than the GDP of Canada.
- Despite popular notions of billionaires being jet-setting,
cosmopolitan individuals, most billionaires are still based in the same
locations where they were raised.
- 60 percent of billionaires are self-made, while 40 percent inherited
their wealth or grew their fortunes from inheritance.
- Only 17 percent of female billionaires are self-made, while 71 percent
gained their fortunes through inheritance.
“Wealth-X is pleased to partner with UBS for our second joint report on
the world’s ultra wealthy population,” Wealth-X CEO Mykolas D. Rambus said.
“Expert commentary from UBS complements Wealth-X’s global intelligence on
the world’s billionaire population, producing a report that demonstrates a
true collaboration between the global leader in wealth management and the
world’s leading UHNW intelligence provider.”
“UBS has had the privilege
of serving the world’s most successful families for more than 150 years,
and we are delighted to partner with Wealth-X in presenting the first
Wealth-X and UBS Billionaire Census,” said Chi-Won Yoon, CEO of UBS Asia
Pacific. “In Asia, most billionaires are entrepreneurs who remain heavily
involved in their family businesses. UBS is uniquely positioned to meet
the demands of this highly sophisticated clientele by offering world-class
capabilities seamlessly integrated across our wealth management,
investment bank and global asset management businesses.”
(1) About Wealth-X:
Wealth-X is the definitive
source of intelligence on the ultra wealthy with the world’s largest
collection of curated research on UHNW individuals, defined as those with
assets of US$30 million and above. The firm’s Wealth-X Professional
solution is the standard for banking, luxury marketing and not-for-profit
professionals working with the ultra affluent. Headquartered in Singapore,
Wealth-X has 12 offices across five continents. (www.wealthx.com