reveals that global billionaire wealth declined by 7% in 2018 after reaching record levels the previous year, and the billionaire population also declined by 5.4% in 2018 to 2,604 individuals.
This is only the second time this population has dropped since the global recession a decade ago. The report attributes this significant decrease in wealth to heightened market volatility, global trade tensions and a slowdown in economic growth.
According to the Wealth-XBillionaire Census 2019,many global factors contributed to this fall in global wealth, including a slowdown in global growth, persistent trade tensions and a late-year slump in equity markets. A related strengthening of the US dollar encouraged capital outflows from emerging markets, triggering currency volatility and risk aversion.
To further understand the implications of this decline, theBillionaire Census 2019uncovers numerous trends among this exclusive population, including:
North America was the only region to record an increase in billionaire population Asia-Pacific, which led billionaire growth in 2017, posted the largest decline in 2018 (13.4%).
San Francisco has significantly more billionaires per inhabitant than any other top city with one billionaire for approximately every 11,600 residents. New York, Dubai and Hong Kong follow in 2nd to 4th place respectively.
Billionaires are increasingly congregating in a cluster of cities the top 15 billionaire cities accounted for almost 30% of the global billionaire population in 2018.
Nearly all of the top 15 countries by billionaire population saw a decline except the US and three European countries: the UK, Russia, and France.
Philanthropy is the leading passion or hobby among billionaires the not-for-profit sector accounts as a primary industry for 4.8% of billionaires; once they have consolidated their fortunes, many billionaires make the full-time transition toward building a philanthropic legacy.
The findings of theBillionaire Census 2019are derived from Wealth-Xs global database of more than one million searchable records on the worlds wealthiest individuals. This proprietary database provides unrivaled insight into the status of the worlds wealthy, the constantly changing structure of the billionaire population, and emerging trends for future wealth creation.
Download above the complete Wealth-XBillionaire Census 2019, which includes:
The number and wealth of billionaires by region
Analysis of the main asset holdings, gender distribution, industry concentration and sources of wealth in the global billionaire population
A ranking of the leading billionaire countries and cities of the world
The leading interests and passions of the worlds billionaires
The key characteristics of four archetypal billionaire groups based on geography
The Billionaire Halo Effect: The Influence of the Billionaire Population on Lower Wealth Tiers
Chinas New Model of Blockchain-Driven Philanthropy
Panerai relies on luxury demand to cushion sales
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