The Hurun Global Rich List 2014, is a ranking of the US dollar world billionaires. Wealth calculations are a snapshot dated 17 January 2014. This is the third year that Hurun Report has released a ranking of the dollar billionaires in the world, the so-called ‘Nine-Zero Club’.
The Hurun Global Rich List 2014 ranked 1867 billionaires from 68 countries.
US stock markets 33% resurgence was the major driver for a record year for the world’s billionaires. Of the 1867 billionaires, 946 saw their wealth increase – 152 saw their wealth increase by over 50% – and there were 482 new faces. Only 318 individuals saw their wealth decrease and 123 remained unchanged.
The total wealth of the 1867 billionaires amounted to a staggering US$6.9 trillion, more than the GDP of Japan, the third largest global economy.
The average age is 64, up one year from last year.
One in nine is female, compared with one in ten last year.
Over half self-made women are Chinese.
Top Ten – Hurun Global Rich List
- At 59, Bill Gates shot back up to Number One with a fortune of US$68bn, up US$14bn on the past year, mainly on the back of strong gains in his investments. Gates stepped down as chairman of Microsoft this year, leaving him more time for his philanthropy.
- Warren Buffett, 84, was second the second year running, growing 10% to US$64bn
- Zara founder Amancio Ortega, 78, was third for the second year running, growing 13% US$62bn.
- Carlos Slim Helu, 75, lost the top spot that he had been holding for the past two years, after seeing his wealth drop by US$6Bn, mainly on the back of a 9% drop in the value of America Movil and a weak Mexican Peso. US$60bn.
- Larry Ellison, 70, saw his wealth increase by US$5bn, thanks to a 25% gain in Oracle’s stocks. The bulk of his fortune comes from his 23% stake in Oracle. US$48bn.
- Bernard Arnault, 65, the ‘King of Luxury’, saw his wealth drop by US$5bn, on the back of an 11% fall in LVMH. US$46bn.
- Jeff Bezos, 51, of Amazon broke into the Top 10 for the first time, after Amazon surged 30% Bezos is the youngest member of the global top ten. US$37bn.
- ‘Casino King’ Sheldon Adelson, 81, broke into the Top 10 for the first time, after Las Vegas Sands surged 67%. US$36.5bn.
- Charles Koch & David Koch took joint 9th place with a net worth of US$36bn
Where they live – Hurun Global Rich List 2014
The USA: Ranks No 1 with 481 billionaires; 72 more than 2013. Technology, Media and Telecoms (TMT) overtook investments to become the main source of wealth for American billionaires, followed by retail. TMT, investments and retail made up 113, 108 and 56 billionaires respectively. The combined wealth of the US billionaires was US$2.2 trillion. New York is America’s (and the world’s) city with the highest concentration of billionaires, with 84, followed by San Francisco and LA on 24 and 20 respectively. The USA is also the world’s capital for immigrant billionaires, attracting 42 billionaires.
China:Despite a lacklustre real estate sector, China has added 41 new billionaires to consolidate its second position with 358 billionaires behind the USA. Real estate, manufacturing and investments made up over 60% of the wealth generated. IT and entertainment were the fastest growing. Beijing and HK led the way with 57 and 49 respectively, followed by Shenzhen, Shanghai and Hangzhou on 27, 24 and 19. Average age is 56 years, 8 years younger than the average age of the Hurun Global Rich List. Total wealth US$963bn.
Russia: Comes in third with 103 billionaires; 16 more than 2013. All are self-made. The most popular sectors are energy, real estate and manufacturing with 24, 13 and 11 billionaires respectively. Moscow is home to 77 billionaire, the second highest in the world. Combined wealth of the Russian billionaires comes to US$390bn. Overall wealth of Russian billionaires grew by 6%.
UK: Up one place to 4th place with 78 billionaires, 22 more than 2013. London is the overwhelming city of choice for 48 billionaires followed by Slough for 4 billionaires. Retail, real estate and TMT are the biggest wealth creators with 14, 13 and 9 billionaires respectively. Combined wealth of US$262 million. Overall wealth of UK billionaires dropped by 16%.Ukrainian-born Leonard Blavatnik and India-born Lakshmi Mittal are the richest people living in the UK. Richard Branson with US$5.8bn is the richest self-made Brit.
India: Up one place to No 5 with 70 billionaires, 17 more than 2013. Manufacturing, pharma and TMT are the preferred sectors with 17, 12 and 10 billionaires respectively. Combined wealth of the Indians billionaires comes to US$390bn. Mumbai is headquarters to most of the Indian billionaires. Mukesh Ambani (US$18bn, rank 41) is the richest Indian. 15 Indians live outside of India, the highest proportion of any country. This past year, the Indian Rupee weakened by 12% against the US Dollar, making it harder for Indians to make the cut-off.
Germany: Dropped down two places to No 6 with 66 billionaires, despite having 5 more than 2013.Karl Albrecht is the richest German (US$29bn, rank 22). F&B, retail and TMT are the most popular sectors with 16, 11 and 11 billionaires respectively. Hamburg is the preferred city with 9 billionaires living there.
Switzerland: 7th with 56 billionaires, 15 more than 2013. The No 1 city for billionaires is Geneva. Preferred sectors are pharma, luxury and manufacturing with 9 billionaires each. Combined wealth of the Swiss billionaires cumulates to US$203bn.
Brazil: 8th with 48 billionaires, 15 more than 2013. Combined wealth of the Brazilian billionaires totals US$167bn. Financial services is preferred industry with 12 billionaires followed by F&B and Real Estate with 7 billionaires each.
Japan: 9th with 43 billionaires, 21 more than 2013, despite the Yen losing 6% against the dollar. Combined wealth of the Japanese billionaires cumulates to US$138.2bn. The preferred sector is TMT with 15 billionaires followed by retail with 11. Tokyo is the preferred city.
France: 10th with 37 billionaires., 6 more than 2013. Combined wealth of the French billionaires is US$270bn. The preferred sector is luxury with 10 billionaires followed by F&B with 7 billionaires. Paris is the most preferred city.
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