State of Wealth
Number of Billionaires by Wealth Source
Number of billionaires around the world in 2019, by wealth source
This statistic shows the number of billionaires worldwide in 2019, by wealth source. In 2019, 1,639 billionaires worldwide were fully self-made
|Number of billionaires worldwide by wealth source|
|Number of billionaires around the world by wealth source|
|Inherited / self-made||836|
Richest People in America
This statistic presents the estimated net worth of the 20 richest people in America as of March 2020. At this time Jeff Bezos was the richest man in the United States with an estimated net worth of 113 billion U.S. dollars.
Richest people in the United States – additional information
Every year since 1982, the American business magazine Forbes has been compiling lists of the 400 richest people in the United States, known as the “Forbes 400.” In addition to that, since 1987, the publication has also been compiling a ranking of the 500 richest people in the world (excluding royalty and dictators), as well as more specialized tops, such as “World’s Most Powerful Women,” “America’s Richest Families,” “Most Valuable Brands” or “30 Under 30,” which focuses on young entrepreneurs from various fields which have gained millions in the past year by the use of social media, technical innovations and generally new and fresh approaches to business.
In 2012 Forbes also implemented an online real-time tracker of the wealth of the world’s top 50 billionaires, which provides daily net worth figures.
|The richest people in America 2020|
|United States: estimated net worth of the 20 richest people as of March 2021 (in billion U.S. dollars)|
|Jeff Bezos (Amazon)||113|
|Bill Gates (Microsoft)||98|
|Warren Buffet (Berkshire Hathaway)||67.5|
|Larry Ellison (Oracle)||59|
|Mark Zuckerberg (Facebook)||54.7|
|Jim Walton (Walmart)||54.6|
|Alice Walton (Walmart)||54.4|
|S. Robson “Rob” Walton (Walmart)||54.1|
|Steve Ballmer (Microsoft)||52.7|
|Larry Page (Google)||50.9|
|Sergey Brin (Google)||49.1|
|Michael Bloomberg (Bloomberg LP)||48|
|Charles Koch (Koch Industries)||38.2|
|Julia Koch (Koch Industries)||38.2|
|MacKenzie Bezos (Amazon)||36|
|Phil Knight (Nike)||29.5|
|Sheldon Adelson (Las Vegas Sands)||26.8|
|John Mars (Mars)||24.7|
|Jacqueline Mars (Mars)||24.7|
|Elon Musk (Tesla Motors, SpaceX)||24.6|
Countries with the most Billionaires
According to the Hurun Global Rich List 2021, Greater China housed the most billionaires worldwide in 2021. In detail, Greater China topped the list with a billionaire population of 1,058 people. By comparison, 696 billionaires resided in the United States. India, Germany, and the United Kingdom were also the homes of a significant number of billionaires that year.
United States lost its first place
As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. However, the United States has lost their place as the country with the most billionaires in the world to China. This rise of billionaires in China has coincided with the liberalization of its economy and successive high growth rates. However, North America still leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than fifty million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states . However, this may also change with China being set to close the gap on the United States
Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. Neither the United States nor China could surpass South Korea with a mere twenty percent to break into the top 10 countries by percentage of female billionaires worldwide. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich with the wealth distribution of the global population being heavily unequal.
Top 20 billionaire countries 2021
|The 20 countries with the most billionaires in 2021|
Cities with the highest number of ultra high net worth (UHNW) individuals in the world
In 2019, New York had the largest number of ultra wealthy individuals (UHNW), reaching 10,435 people. In Hong Kong, 9,950 ultra wealthy individuals resided, followed by Tokyo with 7,800 lived individuals.
|Cities with the highest number of UHNW individuals worldwide 2019|
|Cities with the highest number of ultra high net worth (UHNW) individuals in the world in 2019|
The world's leading billionaires
As of February 2021, Jeff Bezos had a net worth valued at 189.3 billion U.S. dollars, making him the richest man in the world. The net worth of Elon Musk reached 182.2 billion U.S. dollars, followed by Bernard Arnault and family (157.7 billion U.S. dollars).
|Leading billionaires worldwide 2021|
|The world’s leading billionaires as of February 2021, based on net worth (in billion U.S. dollars)|
|Jeff Bezos (United States)||189.3|
|Elon Musk (United States)||182.2|
|Bernard Arnault & family (France)||157.7|
|Bill Gates (United States)||123.7|
|Mark Zuckerberg (United States)||95.7|
|Warren Buffet (United States)||91.7|
|Larry Page (United States)||90.9|
|Zhong Shanshan (China)||89.8|
|Sergey Brin (United States)||88.2|
|Larry Ellison (United States)||85.2|
|Steve Ballmer (United States)||80.4|
|Mukesh Ambani (India)||78|
|Francoise Bettencourt Meyers & family (France)||75.6|
|Armancio Ortega (Spain)||74|
|Colin Zheng Huang (China)||69.1|
|Ma Huateng (China)||69.1|
|Alice Walton (United States)||65.1|
|Jim Walton (United States)||64.9|
|Rob Walton (United States)||64.6|
|Carlos Slim Helú & family (Mexico)||64|
|Jack Ma (China)||62|
|MacKenzie Bezos (United States||57.4|
|Michael Bloomberg (United States)||54.9|
|Tadashi Yanai (Japan)||53.1|
|Masayoshi Son (Japan)||49.3|
|Wang Wei (China)||48.6|
|Charles Koch (United States)||46.1|
|Julia Koch (United States)||44.9|
Leading private banks worldwide in 2020, by assets under management
The statistic presents leading private banks worldwide in 2019, by assets under management. UBS led the ranking in that year, with managed assets amounting to approximately 2.4 trillion U.S. dollars.
Private banking refers primarily to financial and investment services offered by banks to their high net worth clients. The conventional value of net worth needed for a person to be qualified as HNW individual is one million U.S. dollars.
With large value of assets under management, and with consent of their HNW clients, private banks can access a wider range of investment possibilities including alternative investments such us hedge funds . Such non-traditional investments are usually not available to the regular bank clients due to the high minimum investment threshold. Also, such investments are much more risky than the traditional ones and without help of a financial advisor a person not knowledgeable about the financial markets could lose a big part of the invested money.
The disadvantages of the non-traditional investments are volatility, lack of transparency and liquidity. On the other hand, the benefits of investing money in alternative are, among others, possibility of outperforming the markets and getting protection in times of downturn in the equity markets.
Leading global private banks 2020, by assets under management
|Leading private banks worldwide in 2020, by assets under management (in billion U.S. dollars)|
|Merrill Lynch (Bank of America)||2,206|
|Royal Bank of Canada||908|
Leading wealth management firms worldwide in 2020
Bank of America’s Global Wealth and Investment Management division proved to be the largest wealth manager in terms of value of managed assets in 2020, with managed assets reaching 1.35 trillion U.S. dollars. Morgan Stanley’s Wealth Management division and J.P. Morgan Private Bank followed behind with 1.26 trillion and 774 billion U.S. dollars, respectively.
|Leading wealth managers worldwide 2020, by assets under management|
|Leading wealth management firms worldwide in 2020, by assets under management (in trillion U.S. dollars)|
|Bank of America GWIM||1.35|
|Morgan Stanley Wealth Management||1.26|
|J.P.Morgan Private Bank||0.77|
|UBS Wealth Management||0.6|
Most wealthy individuals operating in the global real estate industry
This statistic lists the richest individuals involved in the global real estate industry as of June 2020, by net worth. Hong Kong business magnate Li Ka-shing, who is also an investor and philanthropist, led the list with an estimated net worth of 28.7 billion U.S. dollars. American businessman Donald Bren, owner of the Irvine Company, came in fifth place with an estimated net worth of 14.8 billion U.S. dollars.
Wealthiest individuals in the global real estate industry 2020, by net worth
|Most wealthy individuals operating in the global real estate industry as of June 2020, by net worth (in billion U.S. dollars)|
|Hui Ka Yan||28.6|
|Lee Shau Kee||20.1|
|Hui Wing Mau||11.3|
Largest returns among medium-sized property funds
|Property Secured Investments||58.8||in %|
|SFP Value Realization||56.5||in %|
|Perceptive Life Sciences Offshore||54.6||in %|
|Jabcap Multi-Strategy||37.8||in %|
|Jabcap Global Balanced||37.5||in %|
|Broadfin Healthcare||36.4||in %|
|Cheyne Total Return Credit I||36.1||in %|
Alexander Bentley leads Remedy Investments™ a private equity fund specializing in operational real estate. Remedy Investments™ has significant expertise in developing Luxury ApartHotels across Europe and the wider APAC region.
Alexander Bentley is the creator & pioneer behind Remedy Wellbeing Hotels & Retreats. Under his leadership as CEO, Remedy Wellbeing Hotels™ received the accolade of Overall Winner: International Wellness Hotel of the Year 2022 by International Rehabs.
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