Wealth-X, the leader in applied wealth intelligence, launched the fifth edition of its annual Billionaire Census today, revealing that billionaire wealth surged by 24% to a record level in 2017.

The report attributes this significant increase in wealth to a synchronized upturn in the world economy and climbing equity markets. In a rapidly shifting geopolitical environment, the influence on the world economy of this most exclusive group of individuals is continuing to rise.

The number of billionaires in the world reached 2,754 last year, increasing 15% from the prior year and exceeding the previous record of 2,473 in 2015, according to the Billionaire Census 2018 by Wealth-X, a global wealth intelligence and insight provider.

Their total wealth, including public and/or private holdings, liquid assets (cash or cash equivalent), real estate and other luxury assets grew 24.4% year-over-year to US$9.205 trillion.

According to the Wealth-X Billionaire Census 2018 there are now more global billionaires than ever before, powered by a vibrant technology sector, as well as dynamic growth in the number of ultra-wealthy individuals in Asia – which, for the first time, overtook North America as the home of the most billionaires.

The number of female billionaires grew 18% to 321, outpacing the growth rate of 14.5% in male billionaires.

Asia is now home to more billionaires than North America

A notable change in 2017 was that Asia overtook North America for the first time in eight years in terms of its billionaire population. The number of billionaires in Asia increased 29.2% from 2016 to 784, which was 57 more than that in North America. Europe, however, still had the most billionaires, at 821.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

SET market report for March 2022

SET Index in the first quarter of 2022 was driven by industry groups which benefit from the country reopening, as such Services, Technology and Resources industry groups rose at a faster pace than the SET Index at end-2021.

Thailand BOI Approves Extension of Investment Acceleration Package

Apart from a standard 5-8 years corporate income tax (CIT) exemption, project applications filed by end-2022 will be eligible for an additional 50% CIT reduction for a period of 5 years, on the condition they realize investment of not less than 1 billion baht within 12 months of the investment certificate issuance, Ms Duangjai told reporters.

How are emerging markets combatting cryptocurrency-related crime?

A record $14bn in digital currencies were transferred to illegal addresses last year, according to blockchain data platform Chainalysis, up 79% on the $7.8bn recorded in 2020.