1、BILLIONAIRE CENSUS 2021BILLIONAIRE CENSUS 2021APPLIED WEALTH INTELLIGENCEAPPLIED WEALTH INTELLIGENCE WEALTH-X SEPTEMBER 2021THIS PUBLICATION IS FOR YOUR INFORMATION ONLY AND IS NOT INTENDED AS AN OFFER, OR A SOLICITATION OF AN OFFER, TO BUY OR SELL ANY PRODUCT OR OTHER SPECIFIC SERVICE. ALL INFORMAT

2、ION AND OPINIONS INDICATED ARE SUBJECT TO CHANGE WITHOUT NOTICE.BILLIONAIRE CENSUS 2021BILLIONAIRE CENSUS 2021JAMES LAVELL CHIEF EXECUTIVE OFFICER, EUROMONEY PEOPLE INTELLIGENCE RICHARD GREEN CHIEF COMMERCIAL OFFICER, EUROMONEY PEOPLE INTELLIGENCEMANUEL BIANCHI SENIOR VICE PRESIDENT OF SALES, WEALTH

3、 SOLUTIONS, EUROMONEY PEOPLE INTELLIGENCEMICHAEL PHILLIPS VICE PRESIDENT, MARKETING AND COMMUNICATIONS, EUROMONEY PEOPLE INTELLIGENCELEAD AUTHORS MAYA IMBERG HEAD OF THOUGHT LEADERSHIP AND ANALYTICS, EUROMONEY PEOPLE INTELLIGENCEMAEEN SHABAN DIRECTOR, RESEARCH AND ANALYTICS, EUROMONEY PEOPLE INTELLI

4、GENCE STEPHANIE WARBURTON DIRECTOR OF VISUAL COMMUNICATIONS, EUROMONEY PEOPLE INTELLIGENCEWEALTH-X BILLIONAIRE CENSUS 2021TABLE OF CONTENTSExecutive Summary 1Introduction 2Global Billionaire Map 3Billionaire Performance in 2020 5 Distribution of Billionaire Wealth 10 Top 15 Billionaire Countries 15

5、Top 15 Billionaire Cities 17Profiling Todays New Billionaires 19 Size and Median Wealth 19 Source of Wealth 20 Gender 21 Age 22 Primary Industry 23 Asset Allocation 24Methodology 25About Wealth-X and Euromoney People Intelligence 261WEALTH-X BILLIONAIRE CENSUS 2021To Table of ContentsTo Table of Con

6、tents670became billionaires in 2020.Someindividuals These new billionaires are younger, less wealthy (for the moment), comprise a higher proportion of entrepreneurs and have a slightly greater focus on the technology and healthcare sectors than the general billionaire population. Almost half of the

7、worlds 15 wealthiest billionaires in 2020 made their fortunes primarily in the technology sector. Many of such individuals fortunes have benefitted from the rapid digitalization of the global economy and the scalability gains for big tech, in addition to the transformative impact of the pandemic on

8、the use of digital platforms. This is a striking development given the upheaval of the coronavirus (Covid-19) pandemic and the deepest contraction in world economic output for a generation.2020 witnessed the For the first time, the number of global billionaires surpassed 3,000 (to 3,204), an increas

9、e of 13.4%. Their combined wealth hit $10trn, a rise of 5.7%.absolute growth in billionaire individuals since our records began.Billionaires account for a23% in 2012 to 28% in 2020. There was also an acceleration of diverging wealth gains between billionaires in the top wealth tiers and those in low

10、er tiers the wealthiest two groups of billionaires recorded the fastest growth in 2020. rising proportion of global wealth.Billionaire wealth as a share of the ultra high net worth (UNHW) population people with $30m+ in net worth has risen from Among the top 15 countries, China and India recorded th

11、e strongest growth in billionaire numbers. Their billionaire populations grew by 19.9% and 19.5% respectively and all the top 15 countries posted increases. The US remains by far the dominant billionaire country, accounting for 29% of the global population. This compares with shares of around 13% fo

12、r second-placed China and 5% for third-ranked Germany.North America and Asia had the most dynamic regional population growth and the most significant wealth gains in 2020. Billionaire population growth was also in double digits in Europe and the Pacific, with all remaining regions recording slower b

13、ut still positive growth.largestEXECUTIVE SUMMARY2WEALTH-X BILLIONAIRE CENSUS 2021INTRODUCTIONOur eighth and latest edition of the Wealth-X Billionaire Census analyzes the status of the worlds billionaires, who, despite being modest in number, hold immense wealth and wield a significant influence ov

14、er the global economy.In a year of dramatic upheaval and polarizing trends in wealth generation, we explore the global billionaire population and its wealth in 2020, presenting global wealth drivers, regional trends and a ranking of the leading billionaire countries and cities. We analyze the distri

15、bution of wealth among the global rich1, providing context that highlights the considerable and growing influence of the billionaire class. We also reveal wealth gains by wealth tier and identify the top primary industries accounting for the largest billionaire wealth gains. Within this we detail th

16、e 15 wealthiest individuals by their total wealth, wealth source, primary company and industry. For the first time, this report shines a spotlight on new billionaires those who became billionaires in 2020. We draw out a range of characteristics their number and median wealth, wealth source, gender,

17、age, industry focus and asset holdings and explore the extent to which they differ from their peers in the general billionaire population.Wealth-Xs comprehensive database of billionaires (as defined by net worth) provides an unrivaled insight into the status of the worlds wealthiest individuals and

18、their characteristics, making it an essential read for any provider looking to prospect for and engage with individuals in this extraordinarily exclusive group.KEY DEFINITIONSNew billionairesIndividuals who became billionaires in 2020 (those with a net worth of $1bn+).Ultra high net worth (UHNW) ind

19、ividualsThose with a net worth of $30m+ (also referred to as the ultra wealthy).Very high net worth (VHNW) individualsThose with a net worth of $5m to $30m.To Table of Contents 1 Wealth-Xs demarcated major wealth tiers, in descending order of wealth, are: billionaires and the ultra wealthy with $30m

20、 and more; the very high net worth population with $5m to $30m; and people with $1m to $5m in net worth.% Change in wealth from 20195.7% Change in population from 201913.4%2020 3,204Number of billionaires$9,974Total wealth ($bn)Billionaire population and total wealthAFRICA$89bn0.8%447.3%EUROPE$2,544

21、bn6.3%89310.4%MIDDLE EAST$461bn2174.8%-7.6%ASIA$2,581bn7.5%88316.5%NORTH AMERICA$3,810bn8.0%98017.5%LATIN AMERICA AND THE CARIBBEAN$414bn-9.4%1494.2%PACIFIC$74bn7.7%3815.2%6.8%4.7%1.4%1.2%GLOBAL BILLIONAIRE MAPof the worlds billionaires30.6%27.9%27.6%3WEALTH-X BILLIONAIRE CENSUS 2021Note: Data on %

22、of the worlds billionaire population may not total 100% owing to rounding.Source: Wealth-X4WEALTH-X BILLIONAIRE CENSUS 2021To Table of Contents5WEALTH-X BILLIONAIRE CENSUS 2021ROCKETING NUMBERSThe global billionaire population surged in 2020, rising by 13.4% to 3,204 individuals. This followed robus

23、t gains a year earlier and was the strongest annual growth since 2017 a striking development amid the upheaval of the coronavirus (Covid-19) pandemic and the deepest contraction in world economic output for a generation. Huge monetary stimulus from global central banks and expansive government suppo

24、rt measures propelled a dramatic rally in financial markets, after an initial pandemic-driven collapse. Almost all major equity indices ended the year posting healthy returns, with other asset classes and IPO activity also rebounding strongly. At an aggregate level, billionaire wealth gains lagged t

25、he double-digit growth of the population, reflecting in part the extremity of market behavior during the year and the highly uneven disruptive forces of the pandemic across different industries, economies and regions. Nevertheless, the combined wealth of the worlds billionaires still expanded strong

26、ly, rising by 5.7% to $10trn.BILLIONAIRE PERFORMANCE IN 2020: A PANDEMIC BOOMTo Table of ContentsSELECT GLOBAL INDICATORS FOR 2020 (year-on-year change %)The number of billionaires surpassed 3,000 for the first timeSources: International Monetary Fund, World Economic Outlook, July 2021; Morgan Stanl

27、ey Capital International (MSCI); EY Global IPO Trends: Q4 2020 REAL GDP GROWTH-3.2% GLOBAL IPOACTIVITY+19% +29% transactionscapital raisedMSCI WORLD EQUITY INDEX16% (US$ terms)6WEALTH-X BILLIONAIRE CENSUS 2021POLARIZING FORTUNES Viewed in aggregate, the global pandemic delivered a windfall to billio

28、naire wealth, boosted by the flood of monetary stimulus and swelling profits in key sectors that coined a new wave of younger, self-made billionaires. However, this was by no means a uniform trend across the billionaire population, with the polarizing impact of the pandemic delivering prosperity acr

29、oss technology and healthcare, while weighing heavily on portfolios focused on travel, commodities and entertainment. A related outcome was an acceleration of the diverging wealth gains between a select group of super billionaires and those in lower ultra wealth tiers. At the very peak, the soaring

30、net worth of Jeff Bezos and Elon Musk delivered a new space race, one no longer fought by national superpowers but between modern tycoons of tech-focused multinationals. At a broader level, the growing divide in wealth across societies and between countries exacerbated by the pandemic was a contribu

31、tory factor fueling existing trends of rising protectionism, nationalism, civil tensions and state censorship in a growing number of countries around the world. In a period of intense economic and social strain, surging wealth gains among the extremely wealthy contrasted sharply with the increased u

32、nemployment, rising health fears and falling incomes experienced by many non-wealthy individuals. As the global economy gradually emerges from the crisis, the issue of widening inequality may well spur more concerted redistributive policy efforts in areas such as tax and regulation.To Table of Conte

33、ntsBILLIONAIRE PERFORMANCE IN 2020: A PANDEMIC BOOMSurging wealth gains among billionaires in 2020 contrasted sharply with the challenging economic circumstances of many non-wealthy individuals7WEALTH-X BILLIONAIRE CENSUS 2021To Table of ContentsBILLIONAIRE PERFORMANCE IN 2020: A PANDEMIC BOOMNORTH

34、AMERICA: riding the tech waveNorth America bolstered its status as the worlds leading billionaire region in 2020, recording the most dynamic population growth and wealth gains. The number of billionaires increased by a remarkable 17.5% from a year earlier to 980 individuals, equivalent to a 31% glob

35、al share. Wealth portfolios were buoyed by equity markets, which rallied strongly from a first-quarter slump amid a flood of liquidity from the US Federal Reserve (the US central bank), government stimulus (such as the US CARES Act) and the surge in online activity. Gains for mega-cap US tech stocks

36、 propelled the main US indices to record highs, with the S&P 500 closing the year up 18% and the tech-heavy NASDAQ Composite Index up a staggering 45%, outperforming their global peers. There was also support from the safe haven status of the US dollar, which appreciated against most other major cur

37、rencies. Collective net worth of the regions billionaires rose by 8% to $3.8trn, lifting its global share to a dominant 38%.ASIA: virus suppression drives faster economic reboundGrowth of the billionaire class in Asia lagged only just behind North America, with its population increasing by 16.5% to

38、883 individuals and cumulative wealth expanding by 7.5% to $2.6trn. There were strong wealth gains in the technology and healthcare sectors, with another key driver being more effective control and suppression of the virus compared with many global peers. This allowed for a quicker economic rebound

39、(China was the only G20 economy to report full-year GDP growth), supporting the regions large industrial and export base. On the whole, equity markets performed strongly and most currencies showed resilience against the US dollar. The Shanghai Composite Index rose 14% (in local currency terms) and J

40、apans Nikkei Index was up 16%, although both were outshone by a 31% jump in South Koreas tech-heavy stock market.Source: Wealth-XANNUAL CHANGE IN BILLIONAIRE POPULATION BY REGION 2020North AmericaAsiaPacificEuropeAfricaMiddle EastLatin America and the Caribbean17.5%16.5%15.2%10.4%7.3%4.8%4.2%8WEALTH

41、-X BILLIONAIRE CENSUS 2021EUROPE: double-digit billionaire growth despite severe virus spreadThe number of billionaires in Europe rose by 10.4% to 893 individuals, keeping the region just ahead of Asia in terms of population size. Collective net worth increased by an above-average 6.3% to $2.5trn, a

42、lthough growth lagged that of North America and Asia the latter having overtaken Europe in recent years as the second-ranked region for billionaire wealth. This relative underperformance reflected a range of factors: elevated levels of virus cases and repeated lockdowns; a more limited influence of

43、tech stocks on regional equity indices; exposure to hard-hit consumer-facing industries, such as hospitality and tourism; and Brexit-related disruption. These contributed to varied stock market returns and net worth gains across the regions largest wealth markets. Portfolios were, nevertheless, supp

44、orted by huge policy stimulus, a swift transition online across the regions well-developed digital networks, and significant new wealth-creation opportunities in retail and healthcare.AFRICA AND THE PACIFIC: resilience in the former and strong wealth gains in the PacificThe comparatively small billi

45、onaire populations in both regions mean caution is required in interpreting annual growth rates, but wealth developments were generally more positive than in the Middle East and Latin America. Cumulative wealth among Africas 44 billionaires increased slightly to $89bn, with stock market and currency

46、 effects more limited than in the two aforementioned regions. Billionaire totals for the Pacific the region with the smallest population, equivalent to a 1.2% global share largely reflect wealth developments in Australia. Despite taking a hit from travel curbs, asset portfolios were buoyed by low nu

47、mbers of virus cases, the resilience of China (supporting commodities and the currency) and real-estate gains. Cumulative wealth among the regions 38 billionaires increased by 7.7% to $74bn.To Table of ContentsBILLIONAIRE PERFORMANCE IN 2020: A PANDEMIC BOOMThe number of billionaires in Europe rose

48、by 10.4% to 893 individuals, with the region just ahead of Asia in terms of population size (though not combined wealth)9WEALTH-X BILLIONAIRE CENSUS 2021The Middle East and Latin America and the Caribbean were the only two regions to experience falling billionaire wealth in 2020To Table of ContentsB

49、ILLIONAIRE PERFORMANCE IN 2020: A PANDEMIC BOOMMIDDLE EAST: slumps in commodities and travel shrink billionaire wealthThe fourth-largest billionaire region recorded a 4.8% rise in its billionaire population, to 217 individuals, equivalent to a 7% global share. However, cumulative wealth declined by

50、7.6% to $461bn. Although the pandemics impact and a fairly rapid vaccine rollout in some countries opened up new avenues for wealth generation, the Middle Easts largest wealth markets were badly hit by a slump in oil demand and restrictions on international travel, which weighed on domestic stock ma