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Altrata Billionaire Census 2024: 3,323 Billionaires with $12.1 Trillion Wealth, 4.3 Million HNW Population (> $5 Million) with $88.6 Trillion Wealth, Top 5 Countries with Most Billionaires are United States, China, Germany, India & United Kingdom, Top 10 Cities with most Billionaires are New York 144, Hong Kong 107, San Francisco 87, London 78, Moscow 77, Los Angeles 62, Beijing 60, Singapore 58, Shenzhen 41 & Mumbai 40, Billionaire Gender are Male 87% / Female 13%, Billionaire Median Age are Male Age 68.3 / Female Age 66.6

6th December 2024 | Hong Kong

Altrata has released the Altrata Billionaire Census 2024, providing key insights into billionaires & HNWs (high net worth) wealth in 2024.  In 2024, there are 3,323 billionaires (+4%) with $12.1 trillion wealth (+9%).  The total HNW Population with more than $5 million is 4.326 million, UHNW Population ($30 m to $1 billion) 423,000, and VHNW Population ($5 m to $30 million) 3.9 million.  The total HNW Wealth (> $5 million) is $88.6 trillion, UHNW Wealth ($30 m to $1 billion) $37 trillion, and VHNW Wealth ($5 m to $30 million) $39.4 trillion.  Country with most billionaires – United States 1,050.  Top 5 Countries with most billionairesUnited States, China, Germany, India, United Kingdom.  Top 3 APAC Countries with most billionaires – China, Hong Kong, Singapore.  Top 10 Cities with most billionaires – New York 144, Hong Kong 107, San Francisco 87, London 78, Moscow 77, Los Angeles 62, Beijing 60, Singapore 58, Shenzhen 41, Mumbai 40.  Billionaire Gender – Male 87% / Female 13%.  Billionaire Median Age – Male Age 68.3 / Female Age 66.6.  Male Billionaire Source of Wealth – Self-Made 65.3% / Inherited 5.2% / Both 29.5%.  Female Billionaire Source of Wealth – Self-Made 24.1% / Inherited 37.7% / Both 38.2%.  Top 3 Primary Industries for Male billionaires – Banking & Finance 22.7%, Industrial Conglomerates 9.4%, Real Estate 7.2%.  Top 5 Primary Industries for Female billionaires – Non-Profit & Social Organizations 16.9%, Banking & Finance 16%, Food & Beverages 7%.  Top Asset Allocation for Male billionaires – Public Holdings 39.8%, Liquid Assets / Cash 29.8%, Private Holdings 27.8%, Real Estate & Luxury Assets 2.5%.  Top Asset Allocation for Female billionaires – Liquid Assets / Cash 38.9%, Private Holdings 35.3%, Public Holdings 21.7%, Real Estate & Luxury Assets 4.1%.  Top 5 Male Billionaires Hobbies – Sports, Philanthropy, Aviation, Outdoors, Art.  Top 5 Female Billionaires Hobbies – Philanthropy, Sports, Art, Education, Aviation.  Top 3 Male Billionaires Philanthropic Causes – Education, Healthcare & Medical Research, Arts & Culture.  Top 3 Female Billionaires Philanthropic Causes – Education, Arts & Culture, Healthcare & Medical Research.  See below for key findings & summary | View report here

“ Altrata Billionaire Census 2024: 3,323 Billionaires with $12.1 Trillion Wealth, 4.3 Million HNW Population (> $5 Million) with $88.6 Trillion Wealth, Top 5 Countries with Most Billionaires are United States, China, Germany, India & United Kingdom, Top 10 Cities with most Billionaires are New York 144, Hong Kong 107, San Francisco 87, London 78, Moscow 77, Los Angeles 62, Beijing 60, Singapore 58, Shenzhen 41 & Mumbai 40, Billionaire Gender are Male 87% / Female 13%, Billionaire Median Age are Male Age 68.3 / Female Age 66.6 “

 



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Altrata Billionaire Census 2024: 3,323 Billionaires with $12.1 Trillion Wealth, 4.3 Million HNW Population (> $5 Million) with $88.6 Trillion Wealth, Top 5 Countries with Most Billionaires are United States, China, Germany, India & United Kingdom, Top 10 Cities with most Billionaires are New York 144, Hong Kong 107, San Francisco 87, London 78, Moscow 77, Los Angeles 62, Beijing 60, Singapore 58, Shenzhen 41 & Mumbai 40, Billionaire Gender are Male 87% / Female 13%, Billionaire Median Age are Male Age 68.3 / Female Age 66.6

Monaco | A country known for the rich and famous, with the highest GDP in the world and every 1 in 3 is a millionaire

Altrata has released the Altrata Billionaire Census 2024, providing key insights into billionaires & HNWs (high net worth) wealth in 2024.  See below for key findings & summary | View report here

 

Altrata Billionaire Census 2024

Summary 

  1. No. of billionaires 3,323 (+4%)
  2. Total billionaires wealth$12.1 trillion (+9%)
  3. UHNW Population ($30 m to $1 billion) – 423,000
  4. VHNW Population ($5 m to $30 million) – 3.9 million
  5. Total HNW Population with more than $5 million – 4.326 million 
  6. UHNW Wealth ($30 m to $1 billion) – $37 trillion
  7. VHNW Wealth ($5 m to $30 million) – $39.4 trillion
  8. Total HNW Wealth $88.6 trillion
  9. Country with most billionaires – United States 1,050
  10. Top 5 Countries with most billionairesUnited States, China, Germany, India, United Kingdom
  11. Top 3 APAC Countries with most billionaires – China, Hong Kong, Singapore
  12. Top 10 Cities with most billionaires – New York 144, Hong Kong 107, San Francisco 87, London 78, Moscow 77, Los Angeles 62, Beijing 60, Singapore 58, Shenzhen 41, Mumbai 40
  13. Billionaire Gender – Male 87% / Female 13%
  14. Billionaire Median Age – Male Age 68.3 / Female Age 66.6
  15. Male Billionaire Source of Wealth – Self-Made 65.3% / Inherited 5.2% / Both 29.5%
  16. Female Billionaire Source of Wealth – Self-Made 24.1% / Inherited 37.7% / Both 38.2%
  17. Top 3 Primary Industries for Male billionaires – Banking & Finance 22.7%, Industrial Conglomerates 9.4%, Real Estate 7.2%
  18. Top 5 Primary Industries for Female billionaires – Non-Profit & Social Organizations 16.9%, Banking & Finance 16%, Food & Beverages 7%
  19. Top Asset Allocation for Male billionaires – Public Holdings 39.8%, Liquid Assets / Cash 29.8%, Private Holdings 27.8%, Real Estate & Luxury Assets 2.5%
  20. Top Asset Allocation for Female billionaires – Liquid Assets / Cash 38.9%, Private Holdings 35.3%, Public Holdings 21.7%, Real Estate & Luxury Assets 4.1%
  21. Top 5 Male Billionaires Hobbies – Sports, Philanthropy, Aviation, Outdoors, Art
  22. Top 5 Female Billionaires Hobbies – Philanthropy, Sports, Art, Education, Aviation
  23. Top 3 Male Billionaires Philanthropic Causes – Education, Healthcare & Medical Research, Arts & Culture
  24. Top 3 Female Billionaires Philanthropic Causes – Education, Arts & Culture, Healthcare & Medical Research

 

Altrata Billionaire Census 2024

Definitions:

  • Billionaires: > $1 billion net worth
  • Ultra high net worth (UHNW): > $30 million net worth
  • Very high net worth (VHNW): $5 m to $30 million 

2023 Global Indicators:

  • Real GDP Growth: +3.2%
  • Advanced Economies: +4.6%
  • Emerging & Developing Economies: +8.3%
  • MSCI World Equity Index: +24%
  • Global Oil Price (USD / Barrel): -18%
  • IPO Transactions: -16%
  • IPO Capital Raised: – 30%

 

1) HNW Population & Wealth

  • No. of billionaires 3,323 (+4%)
  • Total billionaires wealth$12.1 trillion (+9%)

HNW Population:

  • Billionaires – 3,323 (0.07%)
  • UHNW ($30 m to $1 billion) – 423,000 (9.7%)
  • VHNW ($5 m to $30 million) – 3.9 million (90.1%)
  • Total Population (> $5 million)4.326 million 

HNW Wealth Distribution:

  • Billionaires – $12.1 trillion (13.6%)
  • UHNW ($30 m to $1 billion) – $37 trillion (41.7%)
  • VHNW ($5 m to $30 million) – $39.4 trillion (44.4%)
  • Total HNW (> $5 million) – $88.6 trillion

 

2) Billionaire Population & Wealth

Billionaires Population by Wealth Tier:

  • > $50 billion – 18 billionaires
  • $10 b to $50 billion – 176
  • $5 b to $10 billion – 351
  • $2 b to $5 billion – 1,092
  • $1 b to $2 billion – 1,687

Billionaires Wealth  Distribution:

  • > $50 billion – $1.97 trillion
  • $10 b to $50 billion – $2.94 trillion
  • $5 b to $10 billion – $2.15 trillion
  • $2 b to $5 billion – $2.97 trillion
  • $1 b to $2 billion – $2.05 trillion

 

3) Most Billionaires by Countries & Cities

Top 15 Countries with most billionaires:

  1. United States – 1,050
  2. China – 304
  3. Germany – 170
  4. India – 131
  5. United Kingdom – 122
  6. Russia – 118
  7. Switzerland – 116
  8. Hong Kong – 107
  9. Italy – 74
  10. France – 72
  11. Saudi Arabia – 68
  12. Canada – 61
  13. Singapore – 58
  14. Brazil – 55
  15. UAE – 48

Top 15 Cities with most billionaires:

  1. New York – 144
  2. Hong Kong – 107
  3. San Francisco – 87
  4. London – 78
  5. Moscow – 77
  6. Los Angeles – 62
  7. Beijing – 60
  8. Singapore – 58
  9. Shenzhen – 41
  10. Mumbai – 40
  11. Dubai – 39
  12. Paris – 34
  13. Sao Paulo – 34
  14. Istanbul – 34
  15. Hangzhou – 33

 

4) Billionaires by Region

Billionaires Population:

  • North America – 1,111
  • Latin America & the Caribbean – 148
  • Europe – 980
  • Middle East – 206
  • Africa – 29
  • Asia – 806
  • Pacific – 43
  • Total – 3,323

Billionaires Population (%):

  • North America – 33.4%
  • Latin America & the Caribbean – 4.5%
  • Europe – 29.5%
  • Middle East – 6.2%
  • Africa – 0.9%
  • Asia – 24.3%
  • Pacific – 1.3%

Billionaires Wealth:

  • North America – $5 trillion
  • Latin America & the Caribbean – $581 billion
  • Europe – $3.1 trillion
  • Middle East – $601 billion
  • Africa – $54 billion
  • Asia – $2.5 trillion
  • Pacific – $93 billion

Billionaires Wealth (%):

  • North America – 41.5%
  • Latin America & the Caribbean – 4.8%
  • Europe – 26.3%
  • Middle East – 5%
  • Africa – 0.4%
  • Asia – 21.2%
  • Pacific – 0.8%

Billionaires Population Growth in 2023:

  • North America: +9.9%
  • Europe: +5%
  • Latin America & the Caribbean: +5%
  • Pacific: +4.9%
  • Africa: +3.6%
  • Middle East: +0.5%
  • Asia: -3.5%

 

5) Billionaires Demographics:

Billionaire Gender:

  • Male87%
  • Female13%

Billionaire Median Age:

  • MaleAge 68.3
  • FemaleAge 66.6

Billionaire Age Group (Male / Female):

  • Above Age 70 – 45.1% / 41.5%
  • Age 50 to 70 – 46.2% / 45.6%
  • Below Age 50 – 8.7% / 12.9%

Billionaire Source of Wealth (Male / Female):

  • Self-Made – 65.3% / 24.1%
  • Inherited – 5.2% / 37.7%
  • Both – 29.5% / 38.2%

 

6) Source of Wealth by Industries

Top 12 Primary Industries for Male billionaires:

  1. Banking & finance – 22.7%
  2. Industrial conglomerates – 9.4%
  3. Real estate – 7.2%
  4. Technology – 7%
  5. Business & consumer services – 6.1%
  6. Manufacturing – 5.5%
  7. Non-profit & social organizations – 5.4%
  8. Food & beverages – 4.8%
  9. Healthcare – 4.8%
  10. Hospitality & entertainment – 4.3%
  11. Textiles, apparel & luxury goods – 3.2%
  12. Materials – 3.5%

Top 12 Primary Industries for Female billionaires:

  1. Non-profit & social organizations – 16.9%
  2. Banking & finance – 16%
  3. Food & beverages – 7%
  4. Business & consumer services – 6.4%
  5. Healthcare – 6.4%
  6. Industrial conglomerates – 6.4%
  7. Hospitality & entertainment – 6%
  8. Textiles, apparel & luxury goods – 5.6%
  9. Real estate – 5.1%
  10. Manufacturing – 4.3%
  11. Technology – 4.3%
  12. Materials – 2.7%

 

7) Asset Allocation

Top Asset Allocation for Male billionaires:

  1. Public holdings – 39.8%
  2. Liquid assets / Cash – 29.8% 
  3. Private holdings – 27.8%
  4. Real estate & luxury assets – 2.5%

Top Asset Allocation for Female billionaires:

  1. Liquid assets / Cash – 38.9% 
  2. Private holdings – 35.3%
  3. Public holdings – 21.7%
  4. Real estate & luxury assets – 4.1%

 

8) Luxury Assets, Hobbies & Philanthropic Causes

Female billionaires owning luxury asset compared to average Male billionaires:

  • Residential Properties > $10 million – 1.5x more likely
  • Art / Collectibles worth > $1 million per item – 1.3x more likely
  • Plane / Jet worth > $2 million – 1.4x less likely
  • Yacht worth > $5 million – 2.4x less likely
  • Cars & vehicles worth > $1 million – 3.8x less likely 

Top 10 Male Billionaires Hobbies:

  1. Sports – 70.6%
  2. Philanthropy – 56.4%
  3. Aviation – 35.9%
  4. Outdoors – 24.4%
  5. Art – 19.6%
  6. Politics – 18.4%
  7. Technology – 17.5%
  8. Education – 16%
  9. Boating – 13.8%
  10. Public Speaking – 13.4%

Top 10 Female Billionaires Hobbies:

  1. Philanthropy – 71.3%
  2. Sports – 29%
  3. Art – 25.5%
  4. Education – 17%
  5. Aviation – 14.7%
  6. Outdoors – 14.7%
  7. Travel – 14.7%
  8. Politics – 13.1%
  9. Animals – 12.2%
  10. Fashion – 10.3%

Top 7 Male Billionaires Philanthropic Causes:

  1. Education – 68.2%
  2. Healthcare & Medical Research – 50.1%
  3. Arts & Culture – 42.9%
  4. Social Services – 42.6%
  5. Environment, Conservation & Animals – 24.8%
  6. Children & Youth Development – 22.1%
  7. Public Affairs – 19.2%

Top 7 Female Billionaires Philanthropic Causes:

  1. Education – 72.3%
  2. Arts & Culture – 55.4%
  3. Healthcare & Medical Research – 48.2%
  4. Social Services – 42.2%
  5. Environment, Conservation & Animals – 30.1%
  6. Children & Youth Development – 28.9%
  7. Public Affairs – 13.3%

 

Altrata 

Altrata provides the most essential intelligence and insight on business leaders, the global wealthy and well-connected. Leading commercial, philanthropic and educational institutions depend on Altrata solutions to meet their growth objectives. Clients partner with Altrata to confidently engage with exceptional individuals and organizations, create meaningful relationships and seize strategic opportunities.  Altrata’s global dataset contains millions of individual profiles on the wealthy, senior decision makers, board members and C-suite leaders. Altrata offers actionable, accurate and comprehensive data, maintained by a global team of in-house researchers committed to surfacing the right insight at the right time to drive positive business outcomes. Altrata is the definitive leader in global wealth intelligence, professional relationships mapping and affluent market dynamics.  Altrata is a registered trademark of Delinian Limited and its affiliated companies, and is comprised of five industry leading offerings: BoardEx, Boardroom Insiders, RelSci, WealthEngine and Wealth-X. 

Methodology – This report uses the unique and proprietary Wealth-X Database, the world’s most extensive collection of curated research and intelligence on the wealthy. Our database provides insights into their financial profile, career history, known associates, affiliations, family background, education, philanthropic endeavors, passions, hobbies, interests, and much more. Our proprietary valuation model (as defined by net worth) assesses all asset holdings, including privately and publicly held businesses and investable assets. Wealth-X uses the primary business address as the determinant of a billionaire’s location. References to $ or dollars refer to US dollars. Analysis of the data and additional insights were provided by the Wealth-X Analytics team. Leveraging the Wealth-X Database and its own data models, Wealth-X Analytics provides customizable data assets tailored to an organization’s needs. 




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