Billionaire boom: Where the money is now
By
Emily Jane Fox @emilyjanefox
September 17, 2014: 5:47 PM ET NEW YORK (CNNMoney)
The
world has 155 new billionaires, pushing the worldwide total to 2,325. That's a
7% jump from 2013, according to the 2014 "Billionaire Census" from
Wealth-X and UBS.
So who is your standard billionaire?
According to the report, the typical billionaire has about $3.1 billion, is 63
years old, and did not reach the $1 billion threshold until their late 40s.
Almost 90% of them are married, and on average, have two kids a piece.
Unsurprisingly, Harvard, Yale and
University of Southern They like to
hang with other billionaires: They have relationships with nine
ultra-high net worth individuals, three of whom are billionaires.
They're
mostly male: Just 286 of them are women.
They're
self-made: About 60% of male billionaires fully
made their fortunes themselves, and another 27% have at least partly made their
money themselves. Though it's a different story for the women -- just 17% are
self-made. More than 65% of women billionaires inherited their wealth.
They own a
lot of stuff: The typical billionaire owns four
properties, each worth an average of $23.5 million. About 35% of billionaires
have their own private philanthropic foundations, and one in thirty
billionaires owns a sports team or a race horse.
Education
isn't required: Not all billionaires have a wall
full of degrees. In fact, the report states that 35% of global billionaires do
not have bachelor's degrees.
For those who did go to college,
University of Pennsylvania tops the list of schools with most billionaire undergraduate alumni.
California follow, but University of
Mumbai and Moscow State University aren't far behind. However, 16 of the top 20
are in the United States.
And where
do they live ?: Nearly 35% of the world's
billionaires are concentrated in 20 cities, only two of which are in the United
States. Despite that, the U.S. has the highest number of billionaires,
accounting for close to 25% of the world's total billionaire population.
Source:
http://money.cnn.com/2014/09/16/luxury/global-billionaire-report/index.html?iid=HP_Highlight
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