Altrata Billionaire Census 2023: 3,194 Billionaires, 3.99 Million with > $5 Million, Top Billionaire Sector is Banking & Finance, Top 5 Cities with Most Billionaires New York, Hong Kong, San Francisco, Moscow & London
Altrata has released the Billionaire Census 2023, providing key insights into billionaires, wealth, population, source of wealth, countries & cities with most billionaires, asset allocation, hobbies, interests & passion. In 2022, there are a total of 3,194 billionaires with $11.1 trillion wealth, 3.99 million HNWs (high net worth) with > $5 million of which 387,000 are UHNWs (excludes billionaires) and 3.6 million with $5 million to $30 million. The top 10 countries with most billionaires are United States, China, Germany, United Kingdom, India, Russia, Hong Kong, Switzerland, Saudi Arabia, Italy. The top 4 countries in APAC with most billionaires are China, India, Hong Kong, Singapore. The top 10 cities with most billionaires are New York, Hong Kong, San Francisco, Moscow, London, Beijing, Los Angeles, Singapore, Shenzhen and Mumbai. There are 15 billionaires with > $50 billion and 171 billionaires with > $ 10 billion. Billionaires by Gender are Men (87.5%) & Women (12.5%). The billionaire median age is 67.2 year-old. Billionaires age 50 & above represents 90.5% of billionaires. The top 3 industries for billionaires are Banking & finance, Industrial conglomerates, Real estate. The top 4 industries contributing to increase in billionaires wealth increase – Aerospace & Defence, Construction & Engineering, F&B, and Shipping, Packing & Distribution. Billionaires source of wealth Self-Made vs Inherited for age above 70 is 57.9% vs 9.3%, for age 50 to 70 is 64.2% vs 8.8%, and age < 50 is 55.8% vs 18.5%. The top 5 industries for self-made billionaires are Banking & finance, Technology , Real estate, Business & consumer services, Industrial conglomerates. Billionaires preferred Asset Allocation (Age 50 & above, represents 90.5% of billionaires) are Public Holdings (40%), Private Holdings (30% to 35%), Liquid Assets (25%), Real Estate & Luxury Assets (3%). The top 5 billionaires Interests, Passions & Hobbies (Age 50 & above) are Philanthropy, Sports, Aviation, Politics, Art. The top 3 billionaires philanthropic causes are Education, Social Services, Healthcare & Medical Research. See below for key findings & summary | View report here.
“ 3,194 Billionaires, 3.99 Million with > $5 Million, Top Billionaire Sector is Banking & Finance, Top 5 Cities with Most Billionaires New York, Hong Kong, San Francisco, Moscow & London “
Altrata Billionaire Census 2023
Altrata has released the Billionaire Census 2023, providing key insights into billionaires, wealth, population, source of wealth, countries & cities with most billionaires, asset allocation, hobbies, interests & passion.
Summary:
- No. of billionaires – 3,194
- Billionaires Total Wealth – $11.1 trillion wealth
- UHNW (>$30 million, excludes billionaires) – 387,000 with $34.2 trillion wealth
- VHNW ($5 million to $30 million) – 3.6 million with $36 trillion wealth
- HNWs with > $5 million – 3.99 million with $81.3 trillion wealth
- Country with Most billionaires – United States 955 billionaires with $4.2 trillion wealth
- 2nd Country with most billionaires – China 357 with $1.3 trillion wealth
- 3rd Country with most billionaires – Germany 173 with $555 billion wealth
- Top 10 Countries with most billionaires – United States, China, Germany, United Kingdom, India, Russia, Hong Kong, Switzerland, Saudi Arabia, Italy
- Top 4 Countries in APAC with Most Billionaires – China, India, Hong Kong, Singapore
- Top 10 Cities with most billionaires – New York, Hong Kong, San Francisco, Moscow, London, Beijing, Los Angeles, Singapore, Shenzhen, Mumbai
- No. of billionaires with > $50 billion – 15 billionaires
- No. of billionaires with with > $ 10 billion – 171 billionaires
- Top 3 billionaires by region – North America (1,011), Europe (933), Asia (835)
Billionaires Insights:
- Billionaires Men – 87.5%
- Billionaires Women – 12.5%
- Billionaires Median Age – 67.2 year-old
- Billionaires Age 50 & above – 90.5% of billionaires
- Billionaires Age Above 70 – 42.2% of billionaires
- Billionaires Age 50 – 70 – 48.2% of billionaires
- Billionaires Age < 50 – 9.5% of billionaires
- Top 3 industries for billionaires – Banking & finance, Industrial conglomerates, Real estate
- Top 4 industries contributing to increase in billionaires wealth increase – Aerospace & Defence, Construction & Engineering, F&B, and Shipping, Packing & Distribution
- Billionaires source of wealth Self-Made vs Inherited (Age Above 70) – 57.9% vs 9.3%
- Billionaires source of wealth Self-Made vs Inherited (Age 50 to 70) – 64.2% vs 8.8%
- Billionaires source of wealth Self-Made vs Inherited (Age < 50) – 55.8% vs 18.5%
- Top 5 industries for self-made billionaires – Banking & finance, Technology , Real estate, Business & consumer services, Industrial conglomerates
- Top 5 industries for billionaires with Inherited wealth – Non-profit & social organizations, Banking & finance, Industrial conglomerates, F&B, Real estate
- Top 5 industries for billionaires with both Inherited & Self-Made – Banking & finance, Industrial conglomerates, F&B, Real estate, Manufacturing
- Billionaires preferred Asset Allocation (Age 50 & above, represents 90.5% of billionaires) – Public Holdings (40%), Private Holdings (30% to 35%), Liquid Assets (25%), Real Estate & Luxury Assets (3%)
- Billionaires preferred Asset Allocation (Age 50 below, represents 9.5% of billionaires) – Public Holdings (63%), Private Holdings (17%), Liquid Assets (16%), Real Estate & Luxury Assets (3%)
- Top 5 Billionaires Interests, Passions & Hobbies (Age 50 & above) – Philanthropy, Sports, Aviation, Politics, Art
- Top 5 Billionaires Interests, Passions & Hobbies (< Age 50) – Sports, Technology, Philanthropy, Travel, Music
- Top 3 Billionaires Philanthropic Causes – Education, Social Services, Healthcare & Medical Research
Altrata Billionaire Census 2023
1) Macro Overview
Global Indicators 2022:
- Real GDP Growth: +3.4%
- Inflation (Advanced economies): +7.3%
- Inflation (Emerging & developing economies): +9.8%
- MSCI World Equity Index (USD): -18%
- Oil Price (USD / barrel): +39%
- Global IPO Transactions: -57%
- Global Capital Raised: -72%
2) VHNW, UHNW & Billionaire Population & Wealth
Billionaire, UHNW & HNW (> $5 million) Wealth Segment:
- Billionaires – 3,194 with $11.1 trillion wealth (13.6% of $81.3 trillion wealth)
- UHNW (>$30 million, excludes billionaires) – 387,000 with $34.2 trillion wealth (42% of wealth)
- VHNW ($5 million to $30 million) – 3.6 million with $36 trillion wealth (44% of wealth)
- Total – 3.99 million population (> $5 million) with $81.3 trillion wealth
Ultra high net worth (UHNW) individuals: net worth of > $30m (ultra wealthy)
Very high net worth (VHNW) individuals: net worth of $5m to $30m.
3) Top Billionaire Countries & Cities
Top 15 Countries with Most Billionaires:
- United States – 955
- China – 357
- Germany – 173
- United Kingdom – 114
- India – 113
- Russia – 112
- Hong Kong – 112
- Switzerland – 110
- Saudi Arabia – 71
- Italy – 67
- France – 65
- Canada – 56
- Singapore – 54
- Brazil – 48
- UAE – 45
Top 4 Countries in APAC with Most Billionaires:
- China – 357 with $1.3 trillion wealth
- India – 113 with $113 billion
- Hong Kong – 112 with $112 billion
- Singapore – 54 with $54 billion
Top 15 Countries with Most Billionaires Wealth:
- United States – $4.2 trillion
- China – $1.3 trillion
- Germany – $555 billion
- United Kingdom – $114 billion
- India – $113 billion
- Russia – $112 billion
- Hong Kong – $112 billion
- Switzerland – $110 billion
- Saudi Arabia – $71 billion
- Italy – $67 billion
- France – $65 billion
- Canada – $56 billion
- Singapore – $54 billion
- Brazil – $48 billion
- UAE – $45 billion
Top 16 Cities with Most Billionaires:
- New York – 136
- Hong Kong – 112
- San Francisco – 84
- Moscow – 76
- London – 75
- Beijing – 61
- Los Angeles – 58
- Singapore – 54
- Shenzhen – 42
- Mumbai – 39
- Dubai – 38
- Hangzhou – 34
- Istanbul – 33
- São Paulo – 33
- Chicago – 32
- Paris – 32
Total – 939 billionaires (29% of total billionaires 3,194)
4) Billionaire Population & Wealth
Billionaires Population by Wealth:
- More than $50 billion – 15
- $10 billion to $50 billion – 156
- $5 billion to $10 billion – 311
- $2 billion to $5 billion – 1,003
- $1 billion to $2 billion – 1,709
- Total – 3,194
Billionaires Population (Percentage):
- Global – 3,194
- North America – 1,011 (31.7%)
- Latin America & the Caribbean – 141 (4.4%)
- Europe – 933 (29.2%)
- Middle East – 187 (5.9%)
- Africa – 46 (1.4%)
- Asia – 835 (26.1%)
- Pacific (Australia & New Zealand) – 41 (1.3%)
Billionaires Population Change:
- Pacific (Australia & New Zealand): +2.5%
- Africa: No Change
- Middle East: -2.1%
- Europe: -2.2%
- North America: -2.3%
- Latin America & the Caribbean: -3.4%
- Asia: -7.1%
Billionaires Wealth (Percentage):
- Global – $11.1 trillion
- North America – $4.3 trillion (39.1%)
- Latin America & the Caribbean – $491 billion (4.4%)
- Europe – $2.9 trillion (26.1%)
- Middle East – $556 billion (5%)
- Africa – $101 billion (0.9%)
- Asia – $2.6 trillion (23.6%)
- Pacific (Australia & New Zealand) – $87 billion (0.8%)
5) Billionaires Wealth Change by Industry in 2022
Billionaires Wealth Increase in 2022 by Industry (Average):
- Aerospace & Defence
- Construction & Engineering
- F&B
- Shipping, Packing & Distribution
Billionaires Wealth Decrease < 5% in 2022 by Industry (Average):
- Automobiles
- Banking & Finance
- Communications
- Hospitality & Entertainment
- Industrial Conglomerates
- Manufacturing
- Materials
- Media
- Real Estate
- Textiles, Apparel & Luxury Goods
Billionaires Wealth Decrease > 5% in 2022 by Industry (Average):
- Business & Consumer Services
- Energy
- Healthcare
- Retail
- Technology
- Transportation
6) Billionaires by Age Group
Billionaires Median Age – 67.2 year-old
Billionaires by Age Group:
- Above 70 – 42.2%
- Age 50 to 70 – 48.2%
- Age < 50 – 9.5%
Billionaires by Gender:
- Men – 87.5%
- Women – 12.5%
Billionaires by Age – Men / Women:
- Above 70 – 88.8% / 11.2%
- Age 50 to 70 – 88.6% / 11.4%
- Age < 50 – 82.1% / 17.9%
7) Billionaires by Industry
Billionaires by Industry Age Group – Above 70 (42.2% of Billionaires):
- Banking & finance – 18.5%
- Industrial conglomerates – 10.8%
- Real estate – 8.3%
- Non-profit & social organizations – 7.2%
- Manufacturing – 7.1%
Billionaires by Industry Age Group – 50 to 70 (48.2% of Billionaires):
- Banking & finance – 23.8%
- Industrial conglomerates – 8.3%
- Real estate – 7.3%
- Technology – 7.2%
- F&B – 5.6%
Billionaires by Industry Age Group – Below 50 (9.5% of Billionaires):
- Banking & finance – 21.1%
- Industrial conglomerates – 20.2%
- Real estate – 7.8%
- Technology – 5.5%
- F&B – 5.2%
8) Billionaires by Source of Wealth
Billionaires Source of Wealth – Self-Made vs Inherited:
- Above 70 – 57.9% vs 9.3%
- Age 50 to 70 – 64.2% vs 8.8%
- Age < 50 – 55.8% vs 18.5%
Billionaires Source of Wealth – Inherited & Self-Made:
- Above 70 – 32.8%
- Age 50 to 70 – 27%
- Age < 50 – 25.7%
Top 5 Billionaires Industries – Self-made:
- Banking & finance
- Technology
- Real estate
- Business & consumer services
- Industrial conglomerates
Top 5 Billionaires Industries – Inherited:
- Non-profit & social organizations
- Banking & finance
- Industrial conglomerates
- F&B
- Real estate
Top 5 Billionaires Industries – Inherited & Self-Made:
- Banking & finance
- Industrial conglomerates
- F&B
- Real estate
- Manufacturing
9) Billionaires Asset Allocation
Asset Allocation Age Group – Above 70 (42.2% of Billionaires):
- Public Holdings – 40.6%
- Private Holdings – 30.8%
- Liquid Assets – 25.5%
- Real Estate & Luxury Assets – 3.1%
Asset Allocation Age Group – 50 to 70 (48.2% of Billionaires):
- Public Holdings – 40.4%
- Private Holdings – 35.1%
- Liquid Assets – 21.5%
- Real Estate & Luxury Assets – 3%
Asset Allocation Age Group – Below 50 (9.5% of Billionaires):
- Public Holdings – 63.1%
- Private Holdings – 17.3%
- Liquid Assets – 16.7%
- Real Estate & Luxury Assets – 3%
10) Billionaires Interests, Passions, Hobbies, Philanthropy
Top 5 Billionaires Interests, Passions & Hobbies:
Billionaires Above 70:
- Philanthropy – 58.7%
- Sports – 42.3%
- Aviation – 35%
- Politics – 24.7%
- Art – 23.9%
Billionaires Age 50 to 70:
- Philanthropy – 47.1%
- Sports – 41%
- Aviation – 29.1%
- Politics – 19.6%
- Art – 17%
Billionaires Age < 50:
- Sports – 35.3%
- Technology – 34.1%
- Philanthropy – 31.8%
- Travel – 16.5%
- Music – 16.5%
Billionaires Philanthropic Activities
Top 6 Philanthropic Causes:
Billionaires Age Above 70:
- Education – 85.1%
- Healthcare & Medical Research – 68.1%
- Social Services – 63.7%
- Arts & Culture – 62.4%
- Environmental, Conservation & Animals – 39%
- Children & Youth Development – 36.7%
Billionaires Age 50 to 70:
- Education – 83.5%
- Social Services – 58.6%
- Healthcare & Medical Research – 57.1%
- Arts & Culture – 54.9%
- Children & Youth Development – 35.7%
- Environmental, Conservation & Animals – 33.9%
Billionaires Age < 50:
- Education – 60.2%
- Social Services – 46%
- Arts & Culture – 38.9%
- Healthcare & Medical Research – 37.2%
- Children & Youth Development – 17.7%
- Environmental, Conservation & Animals – 17.7%
Altrata Billionaire Census 2023 provides key insights into billionaires, wealth, population, source of wealth, countries & cities with most billionaires, asset allocation, hobbies, interests & passion.
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