Billionaires make up 1% of the world’s ultra-high-net-worth population (net worth of $30 million or more), according to the Wealth-X and UBS Billionaire Census 2014, yet they control 4% of the world’s wealth.
The global billionaire population grew to a record 2,325, up by 7% from the 2013 study, and is on track to increase to 3,873 in 2020.
In the year to June 2014, aggregate billionaire wealth increased by 12% to $7.3 trillion, more than the capitalization of all the companies that make up the Dow Jones Industrial Average, according to the report.
Between 2011 and 2013, growth in billionaires’ wealth accounted for 40% of the growth in total ultra-high-net-worth wealth.
Chosen excerpts by Job Market Monitor. Read the whole story at Global Billionaire Population at Record 2,325, With $7.3 Trillion in Wealth.
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