Altrata, an organization specializing in intelligence on the rich and well-connected, launched the Billionaire Census 2024. Following one other yr of rising fortunes, the billionaire inhabitants rose by 4% in 2023 to three,323 people, and their collective internet value is now valued at greater than $12 trillion.
Billionaires make up lower than 1% of the worldwide ultra-high internet value (UHNW) inhabitants—these with internet worths exceeding $30 million—but maintain 25% of this group’s whole wealth. Inside this unique class, an much more concentrated subset emerges solely 0.5% of billionaires maintain fortunes over $50 billion. These 18 people account for 16% of billionaire wealth, a dramatic enhance from 4% in 2014.
North America noticed the quickest development in billionaire numbers of any area in 2023. It now accounts for 33.4% of the worldwide billionaire inhabitants. Asia was the one area to document a decline in billionaire numbers and wealth, experiencing a 3.5% fall in its billionaire inhabitants – to 806 people – and a 2% drop of their whole internet value. India stood out, recording the strongest development in billionaire numbers amongst main international locations, with a 16% enhance final yr. Europe’s billionaire inhabitants registered above-average development of 5%.
A Nearer Take a look at Feminine Billionaires
The Billionaire Census 2024 goes on to discover the rising share of feminine billionaires. Among the many report’s quite a few findings, the examine reveals:
- Solely 24% of feminine billionaires are self-made in comparison with 65% of male billionaires, demonstrating the numerous function of inheritance as a supply of wealth. 75% of feminine billionaires inherited a minimum of a part of their wealth.
- Whereas accounting for an rising share of billionaires, at 13%, ladies nonetheless stay within the minority.
- The median age of feminine billionaires is 67, barely youthful than the male cohort; whereas 13% are beneath the age of fifty.
- The nonprofit area and monetary providers are the commonest sectors {of professional} focus amongst feminine billionaires. Amongst self-made feminine billionaires, the main sectors are monetary providers and tech.
Billionaire ladies are 1.5 instances extra more likely to personal high-end actual property and 1.3 instances extra more likely to personal priceless artwork than male billionaires. Privately owned investments – typically tied to multi-generational household companies – account for a bigger proportion of feminine billionaires’ portfolios than these of their male friends.
Amongst feminine billionaires, philanthropy is doubtless the popular curiosity, far forward of sports activities, artwork and training. Relating to philanthropic giving the highest three causes are Schooling, Arts and Tradition and Healthcare and Medical Analysis.
Entry the Full Findings
This marks the eleventh version of the Billionaire Census 2024, powered by Altrata’s Wealth-X knowledge.
Altrata’s Wealth-X insights are fueled by our in depth dataset of particular person profiles on the rich, together with their monetary profiles, profession historical past, recognized associates, affiliations, household background, training, philanthropic endeavors, passions, hobbies, pursuits, and far more. Our proprietary valuation mannequin (as outlined by internet value) assesses all asset holdings, together with privately and publicly held companies and investable property.
Whereas the billionaire inhabitants is modest in measurement, it has a major and rising affect throughout the worldwide financial system. The Billionaire Census 2024 supplies a complete overview and evaluation of the world’s billionaire inhabitants and is a crucial learn for anybody trying to have interaction with the rich and well-connected.
Entry the “Billionaire Census 2024” report right here.
The previous press launch was supplied by an organization unaffiliated with NonProfit PRO. The views expressed inside don’t straight mirror the ideas or opinions of the employees of NonProfit PRO.
