World’s 6th largest number of billionaires in India

img32

NEW DELHI (TIP): Indian billionaires, the sixth largest group in the rich world, have thrown up an interesting trend found nowhere else in the world — holding on to one’s roots. Despite popular notions of billionaires being jet-setting, cosmopolitan individuals, most Indian billionaires remain where they were raised. The World Billionaire Census 2013 released on Wednesday shows that 95% of Indian billionaires who currently have their primary business in India, also grew up there. The trend globally is very different. Around 23% or just 1 in 4 billionaires globally made their home city the city of their primary business. Only 39% of all billionaires globally have the same home state as the state of their primary business Billionaire hotspots such as Singapore, Switzerland and Hong Kong have emerged as favoured destinations for the ultra-rich. However, only 36, 34, and 25% of their billionaire populations respectively, grew up in these countries. Another significant finding is that not all these Indian billionaires have college degrees, let alone attending Ivy League for a degree in business management. Three of every 10 billionaires in India don’t even have a college degree.

5.5% dip in India’s billionaire population
India’s billionaire contingent (103- strong) is narrowly behind Russia (108). However India’s billionaire population has decreased by 5.5% and the total billionaire wealth has fallen by $10 billion since last year. Mumbai is among the top 5 billionaire cities in the world and the only Indian entry in the top 10 list and New York remains the business city of choice for the world’s billionaires. Asia takes eight out of the top 20 spots for billionaire cities, the most for any region in the world. Moscow accounts for more than two thirds of Russia’s billionaires. The total number of billionaires who are based in the top 20 cities is 661, representing 30% of the world’s billionaires. India is one of the few countries where finance, banking and investments are not the most significant industries. Instead, industrial conglomerates and pharmaceuticals are the first and second most significant industries for Indian billionaires. Only 3% of Indian billionaires are female, the joint lowest of any focus country. The majority of Indian billionaires are college-educated with 72% possessing at least a bachelor’s degree (Switzerland and the US are the only other two focus countries that have a higher proportion of universityeducated billionaires). The Wealth-X and UBS Billionaire Census 2013 showed that Asia is where the largest number of newly-minted billionaires is based — since July 2012, 18 new billionaires came up in Asia with a total wealth of $136 billion. Asia was followed by North America (11).

Five of the top 10 countries with the highest percentage of self-made billionaires are from Asia. Every region increased in wealth terms, with Asia the fastest growing at 12.9%. The global billionaire population reached a record 2,170 individuals in 2013 and total billionaire wealth in Asia surged nearly 13% making it the fastestgrowing region. At current growth rates, the census, the first-ever comprehensive global study on this ultra-wealth tier, forecasts that Asia will catch up with North America in five years. Asia also saw the highest percentage rise in billionaire population (3.7% from 2012) and total wealth (13%) in 2013, suggesting that it is driving the tectonic shifts in wealth globally. The report also shows that 810 individuals became billionaires since the 2009 global financial crisis. The billionaire population’s combined net worth more than doubled from $3.1 trillion in 2009 to $6.5 trillion in 2013 — enough to fund the United States’s budget deficit until 2024, and greater than the GDP of every country except the US and China. Wealth-X forecasts that the global billionaire population will increase by 1,700 individuals to nearly 3,900 by the year 2020. Europe is home to the most billionaires (766 individuals). However, North America has the most billionaire wealth ($2,158 billion). Around 60% of billionaires are selfmade, while 40% inherited their wealth or grew their fortunes from inheritance. Only 17% of female billionaires are selfmade, while 71% gained their fortunes through inheritance.

74 Comments

  1. Excellent website you have here but I was curious if
    you knew of any forums that cover the same topics
    talked about here? I’d really love to be
    a part of community where I can get advice from other experienced individuals that share
    the same interest. If you have any suggestions, please let me know.
    Thanks!

  2. Write more, thats all I have to say. Literally, it seems
    as though you relied on the video to make your point. You obviously know what
    youre talking about, why waste your intelligence on just
    posting videos to your weblog when you could be giving us something enlightening to read?

  3. サイズに関する情報が非常に明確で助かります。正確なサイズ情報が把握でき非常に安心できます。ボディの細部ディテールのクオリティが高く完成度に期待が持てる。高クオリティなボディメイクがオーダー可能で選択肢が広がる。このような誠実な対応から強い信頼感を覚えます

  4. Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your website?
    My blog is in the exact same niche as yours and my users would definitely benefit from some of the information you present here.
    Please let me know if this alright with you. Appreciate it!

  5. Greetings from Colorado! I’m bored to tears at work so I decided to check out
    your blog on my iphone during lunch break. I enjoy the information you provide
    here and can’t wait to take a look when I get
    home. I’m surprised at how quick your blog loaded on my cell phone ..

    I’m not even using WIFI, just 3G .. Anyways, very good
    blog!

  6. I don’t know if it’s just me or if everyone else experiencing issues with your site.
    It appears as if some of the text within your
    posts are running off the screen. Can somebody else please comment and let me know if this is happening to them too?
    This could be a issue with my web browser because I’ve had this happen previously.

    Appreciate it

  7. What i don’t realize is actually how you’re not really
    a lot more well-liked than you might be now. You’re very intelligent.
    You realize therefore considerably in terms of this subject, produced me personally imagine
    it from so many varied angles. Its like men and women are not fascinated unless it is something to do with Woman gaga!
    Your personal stuffs nice. Always maintain it up!

  8. Hello! Quick question that’s entirely off topic.
    Do you know how to make your site mobile friendly? My web site looks weird when viewing from my
    iphone 4. I’m trying to find a theme or plugin that might be able to
    correct this issue. If you have any suggestions, please share.
    Thanks!

  9. Hey I know this is off topic but I was wondering if you knew
    of any widgets I could add to my blog that automatically tweet my
    newest twitter updates. I’ve been looking for a plug-in like this for quite some time and
    was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

  10. Great blog! Do you have any suggestions for aspiring writers?

    I’m hoping to start my own blog soon but I’m a little lost on everything.
    Would you recommend starting with a free platform like WordPress or go for
    a paid option? There are so many options out there that
    I’m totally overwhelmed .. Any recommendations?
    Thank you!

  11. คอนเทนต์นี้ ให้ข้อมูลดี
    ค่ะ
    ผม ได้อ่านบทความที่เกี่ยวข้องกับ หัวข้อที่คล้ายกัน
    ดูต่อได้ที่ slot online
    ลองแวะไปดู
    มีการยกตัวอย่างที่เข้าใจง่าย
    ขอบคุณที่แชร์ บทความคุณภาพ นี้
    จะรอติดตามเนื้อหาใหม่ๆ ต่อไป

  12. Hey there! This is my first comment here so I just wanted to give a quick shout out and tell you I truly enjoy reading your posts.
    Can you suggest any other blogs/websites/forums that deal with the same topics?
    Thank you so much!

Leave a Reply