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Global billionaire population reaches record combined wealth of USD7.7trn

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The world’s billionaire population has hit a record 2,473 with a combined wealth of USD7.7 trillion, according to the third edition of the WealthX Billionaire Census.

These figures illustrate a 6.4 per cent and 5.4 per cent increase since 2014, respectively.
 
The 2015-2016 Billionaire Census contains analysis on the billionaire profile with a focus on geography, lifestyle, social networks, philanthropic behaviours, motivations and legacy.
 
Wealth-X defines ultra-high-net-worth individuals as having at least USD30 million in personal wealth (net worth) and billionaires as having a net worth of USD1 billion or greater.
 
While there is only one billionaire for every 2.95 million people on the planet, their wealth has a tremendous impact on the global economy.
 
In 2015, billionaires controlled 3.9 per cent of the world’s total household wealth. While this figure is slightly down from 2014, when compared to equity market capitalisations, it would trail only the New York Stock Exchange (USD17 trillion), and only the US (USD17.9 trillion) and China (USD11.0 trillion) when compared to gross domestic product (GDP).

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