World billionaire wealth surged by 17.8% to a document $11.8 trillion in 2021, and the worldwide billionaire inhabitants elevated by 3.3% to three,311 people, in response to a report launched Wednesday by Altrata, a supplier of wealth data and perception.
The report relies on knowledge from Wealth-X, an Altrata firm.
Billionaires account for an outsize proportion of world wealth. Final yr, they represented simply 0.9% of the worldwide ultra-high-net-worth inhabitants — these with a internet price of $30 million or extra — but held a 27.4% share of that elite group’s whole wealth.
The highest 15 nations within the report are dwelling to barely greater than three-quarters of the worldwide billionaire inhabitants and 81% of whole billionaire wealth.
World Billionaire Hubs
North America consolidated its standing because the world’s predominant billionaire area, with 1,035 people in 2021, up by 5.6% from a yr earlier. Europe noticed the largest bounce in billionaire inhabitants, rising by 6.8% to 954. Asia’s billionaire numbers elevated by 1.8% to 899 people.
In 2021, New York strengthened its standing as the worldwide billionaire hub, recording the most important internet improve in inhabitants of any city heart. New York is dwelling to extra billionaires — 138 — than all however a few nations on this planet. Second-place Hong Kong has 114 billionaires, and third-ranked San Francisco, 85.
Kuwait Metropolis, San Francisco and Hong Kong have the very best density of billionaires, in response to the report. The capital of Kuwait on the Persian Gulf has one billionaire for each 33,090 residents; expertise behemoth San Francisco, one for each 56,209 residents; and monetary services-focused Hong Kong, one for each 59,516 residents.
Russia dropped 4 locations within the 2021 rating. Nevertheless, Alltrata famous that its rankings are primarily based on knowledge collected earlier than the invasion of Ukraine and the imposition of extreme worldwide sanctions, and a mirrored image of weak development dynamics, a difficult enterprise atmosphere and a excessive dependence on natural-resource sectors.
“Tremendous-billionaires,” a mere 20 people every with a internet price of greater than $50 billion, held a 17% share of all billionaire wealth in 2021, a pointy improve from 11% in 2019 and simply 4% in 2016.
Of the highest 5 main industries, expertise has the youngest, most self-made billionaires, whereas industrial conglomerates have the oldest and fewest self-made ones.
In line with knowledge from BoardEx, one other Altrata firm, the common U.S. chief government or nonprofit trustee has a direct connection to about 4 billionaires and second-degree connections to greater than 250.
See the gallery for the 15 nations with probably the most billionaires.