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How Much Money Does The World Have Combined

Written By Friday, June 3, 2022 Add Comment Edit

Person who has at least one billion of a currency

A billionaire is a person with a net worth of at to the lowest degree one billion (i,000,000,000, i.e., a thousand million) units of a given currency, ordinarily of a major currency such as the U.s. dollar, euro, or pound sterling. The American business organization magazine Forbes produces a global listing of known U.S. dollar billionaires every year and updates an Internet version of this list in existent fourth dimension.[1] The American oil magnate John D. Rockefeller became the world'due south kickoff confirmed U.Due south. dollar billionaire in 1916, and still holds the title of history'south second wealthiest private.[2]

As of 2018, at that place are over 2,200 U.S. dollar billionaires worldwide, with a combined wealth of over U.s.a.$ 9.1 trillion,[3] up from U.s.$seven.67trillion in 2017.[4] [5] According to a 2017 Oxfam report, the summit eight richest billionaires own as much combined wealth as "half the man race".[half dozen] [7] Every bit of Oct 2021, ten people have reached the status of USD hectobillionaires, pregnant that each has had a net worth of at least $100 billion. All simply one (Bernard Arnault) are United States citizens.[8]

Current U.South. dollar billionaires

Global share of wealth by wealth group, Credit Suisse, 2021

Global share of wealth past wealth grouping, Credit Suisse, 2017

According to the UBS/PwC Billionaires Report 2019 report released in November 2019, there are currently 2,101 U.South. dollar billionaires worldwide, from 66 countries, with a combined internet worth of $8.5 trillion.[9] [10] The majority of billionaires are male, as fewer than eleven% (197 of one,826) on the 2015 list were female billionaires.[11] The The states has the largest number of billionaires of whatever country, with 536 every bit of 2015[update],[11] while China, Bharat and Russia are habitation to 213, 90 and 88 billionaires, respectively.[12] [13] Every bit of 2015[update], only 46 billionaires were nether the age of forty,[11] while the listing of American-only billionaires, every bit of 2010, had an average age of 66.[14]

Unlike authorities utilize unlike methodologies to determine net worth and to rank them, and non all information virtually personal finances is publicly available. In 2019, Forbes counted a record 607 billionaires in the U.S..[15] Over the course of the 2020s, depending on the source and the year, the world'south richest person has been reckoned to be Jeff Bezos, Bernard Arnault and family unit, or Elon Musk.

Pedagogy and work experience

Billionaires come from a very wide number of backgrounds. A review of the education and work histories of the height 400 billionaires shows little correlation between education and success. Well-nigh thirty% of billionaires practise not accept a college degree, profoundly exceeding any other educational background. The most common field of university education was finance and economic science, which merely contributed to a combined 15.5% of billionaire educations.[16] [17] There is little correlation between any university and becoming a billionaire. The pinnacle 10 Universities produced merely 99 of the top 400 billionaires combined, significantly less than the total number of billionaires who were non college educated. Military service produced 21 billionaires, more than than whatever single University.[17]

Very few college educated billionaires pursued concern interests in their discipline, with the exception of reckoner science majors. All twelve of the twelve estimator scientific discipline major billionaires worked in estimator science, while but one-half of Engineers worked in Engineering, and less than a quarter of finance and economic science majors ever worked in finance or economics. The most common field for billionaires to enter was sales and military service.[17]

Inequality

The number of billionaires that, with avails combined, would own every bit much money as half the earth population, and what send they would fit on, between years 2010 to 2016[18]

According to a 2016 Oxfam report, the wealth of the poorest 95% dropped by 38% between 2010 and 2015, due to an increase in the global population of 400 million.[18] In the same menstruum, the wealth of the richest 62 people between the Globe's Billionaires increased past $500bn (£350bn) to $1.76tn. More recently, in 2017 an Oxfam report noted that just viii billionaires have as much net worth every bit "half the human race".[six] [vii] However, the Oxfam report has been criticized for considering debt as negative wealth, which leads to wealthy people with big amounts of debt to be considered poor or not wealthy.[xix]

Rise of new members

In 2019, 19 people became billionaires. Four of the members joined as a result of death or divorce, including Julia Koch and Jeff Bezos'due south former wife Mackenzie Scott.[20]

New members at present besides include more and more women. In the last 5 years, the number of female billionaires has grown by 46 percent, that is more the number of male billionaires in the same period (39 percent). There are now 233 female billionaires in the world, a steep growth from 160 in 2013.[9]

Statistics

The table below lists numerous statistics relating to billionaires, including the total number of known billionaires and the internet worth of the globe's wealthiest private for each year since 2008. Data for each yr is from the annual Forbes listing of billionaires, with currency figures given in U.Southward. dollars. Data since 2018 too includes the Wealth-X billionaire census which typically finds higher numbers than Forbes.

Year Total number of
billionaires		 Combined wealth of
known billionaires		 Number of billionaires Globe'south wealthiest
individual		 Wealthiest
individual's
net worth
U.S. Chinese Russian Indian
2020[21] [22] 2,095 $10.ii trillion 614 389 99 102 Jeff Bezos $188 billion
2019[23] [24] two,153-two,604 $8.6-$8.seven trillion 609-705 285-324 98-102 82-106 Jeff Bezos $131 billion
2018[iv] [3] ii,208-2,754 $9.ane-$9.two trillion 585-680 338-372 96-111 117-119 Jeff Bezos $133 billion
2017[5] 2,043 $7.71 trillion 565 319 106 101 Jeff Bezos $99.half-dozen billion
2016 ane,810 $six.48 trillion 540 251 75 90 Beak Gates $75 billion
2015[12] 1,826 $7.05 trillion 536 213 88 88 Bill Gates $79.2 billion
2014[25] 1,645 $vi.4 trillion 492 152 111 56[26] Bill Gates $78 billion
2013[27] ane,426 $5.4 trillion 442 122 110 – Carlos Slim $73 billion
2012[28] 1,226 $4.6 trillion 425 95 96 – Carlos Slim $73 billion
2011[29] 1,210 $iv.5 trillion 413 115 101 – Carlos Slim $74 billion
2010[30] 1,011 $iii.vi trillion 404 89 62 – Carlos Slim $53.5 billion
2009[31] 793 $2.iv trillion 359 28 32 – Nib Gates $xl billion
2008[32] one,125 $4.4 trillion 470 – 87 – Warren Buffett $62 billion

See likewise

  • Foundation
  • The World'south Billionaires
  • Forbes 400 (US citizens but)
  • Bloomberg Billionaires Index (global)
  • Listing of cities by number of billionaires
  • List of countries past the number of billionaires
  • List of universities by number of billionaire alumni
  • List of wealthiest families
  • Black billionaires
  • List of wealthiest historical figures
  • Millionaire

References

  1. ^ Miller, Matthew; Kroll, Luisa (10 March 2010). "Pecker Gates No Longer World'southward Richest Man". Forbes. Archived from the original on 26 September 2011. Retrieved 7 June 2010.
  2. ^ O'Donnell, Carl (eleven July 2014). "The Rockefellers: The Legacy Of History's Richest Man". Forbes. Archived from the original on 20 November 2016. Retrieved 7 January 2014.
  3. ^ a b "Number of billionaires worldwide surged to ii,754 in 2017". The Guardian. Archived from the original on 18 May 2018. Retrieved xviii May 2018.
  4. ^ a b Kroll, Luisa (6 March 2018). "Forbes Billionaires 2018: Meet The Richest People On The Planet". Forbes. Archived from the original on eight March 2018. Retrieved 6 March 2018.
  5. ^ a b Kroll, Luisa; Dolan, Kerry A. "Forbes 2017 billionaires listing: Meet the richest people on the planet". Forbes. Archived from the original on thirteen March 2018. Retrieved 12 March 2018.
  6. ^ a b Ratcliff, Anna (16 Jan 2017). "Just 8 men own same wealth equally half the world". Oxfam. Archived from the original on 16 January 2017. Retrieved 16 January 2017.
  7. ^ a b Mullany, Gerry (16 January 2017). "World's 8 Richest Have as Much Wealth as Bottom Half of Global Population". The New York Times. Archived from the original on 16 January 2017. Retrieved 17 January 2017.
  8. ^ Lee, Yoojung (12 Apr 2021). "Elite $100 Billion Club Gets Ii New Members via Tech Blast". Bloomberg. Archived from the original on 25 June 2021. Retrieved 24 June 2021.
  9. ^ a b "UBS/PwC Billionaires Report 2019". UBS.com. Archived from the original on 7 December 2019. Retrieved 20 December 2019.
  10. ^ "Billionaires insights 2018". Billionaires insights. Archived from the original on twenty December 2019. Retrieved xx December 2019.
  11. ^ a b c "Behind the Numbers in Forbes' Billionaires List". U.Southward. News & World Report. 2 March 2015. Archived from the original on 26 July 2018. Retrieved 12 March 2018.
  12. ^ a b "Inside The 2015 Forbes Billionaires List: Facts And Figures". Forbes. 2 March 2015. Archived from the original on 28 June 2018. Retrieved 3 March 2015.
  13. ^ "A Tape xc Indians On Forbes Billionaires List 2015". Forbes. 3 March 2015. Archived from the original on 2 August 2015. Retrieved 9 August 2015.
  14. ^ Rappeport, Alan (9 March 2011). "Brics condign billionaire manufactory". Fiscal Times. Archived from the original on 9 June 2020. Retrieved 20 May 2011.
  15. ^ "Existent Fourth dimension Billionaires". Forbes. Archived from the original on 25 Apr 2012. Retrieved 8 September 2020.
  16. ^ Shen, Lucinda (8 August 2016). "You'd be Surprised How Many Billionaires Don't Take a College Degree". fortune.com. Archived from the original on 16 May 2021. Retrieved 12 May 2021.
  17. ^ a b c Forrest, Conner (23 October 2018). "These 10 college majors have created more billionaires than any other fields of study". TechRepublic. Archived from the original on xvi May 2021. Retrieved 12 May 2021.
  18. ^ a b "62 people own same as one-half earth – Oxfam". Oxfam. Archived from the original on 29 October 2018. Retrieved thirty June 2016.
  19. ^ "Are 26 billionaires worth more than half the planet? The debate, explained". vocalization.com. 22 January 2019. Archived from the original on eight November 2019. Retrieved 8 November 2019.
  20. ^ "Newcomers: These xix Billionaires Join the Forbes 400 List in 2019". Forbes. 3 October 2019. Archived from the original on 24 January 2021. Retrieved 15 September 2019.
  21. ^ Moskowitz, Dan (13 July 2021). "A Look at the 10 Richest People in the World". Investopedia. Archived from the original on xxx Jan 2015. Retrieved twenty July 2021.
  22. ^ "The Countries with the Most Billionaires 2020". world wide web.forbes.com. Archived from the original on 20 July 2021. Retrieved 20 July 2021.
  23. ^ "Billionaires 2019". Forbes. v March 2019. Archived from the original on 4 January 2019. Retrieved 13 March 2019.
  24. ^ Dhiraj, Amarendra (16 May 2019). "Top 15 countries with the nigh billionaires, ranked". Concern Insider. Archived from the original on ii June 2019. Retrieved 25 Nov 2019.
  25. ^ "Billionaires". Forbes. 3 March 2014. Archived from the original on 14 March 2014. Retrieved 17 March 2014.
  26. ^ "Indian Billionaires 2014: Large Winners, Big Losers". Forbes. three March 2014. Archived from the original on 12 September 2015. Retrieved 9 August 2015.
  27. ^ "Within The 2013 Billionaires List". Forbes. 25 March 2013. Archived from the original on xiii July 2018. Retrieved twenty October 2014.
  28. ^ "Forbes World's Billionaires 2012". Forbes. seven March 2012. Archived from the original on viii March 2012. Retrieved xx Oct 2014.
  29. ^ "World's Billionaires 2011: A Record Yr In Numbers, Money And Bear upon". Forbes. 9 March 2011. Archived from the original on xv Apr 2012. Retrieved 1 April 2012.
  30. ^ "Bill Gates No Longer World'southward Richest Human being". Forbes. 10 March 2010. Archived from the original on 26 September 2011. Retrieved one April 2012.
  31. ^ "The World'south Billionaires". Forbes. eleven March 2009. Archived from the original on 27 Apr 2011. Retrieved 1 April 2012.
  32. ^ "World'south Billionaires". Forbes. 5 March 2008. Archived from the original on 6 June 2012. Retrieved ane Apr 2012.

Further reading

  • Ritholtz, Barry (26 December 2016). "Map of World Billionaires by Country and by Origin of Wealth". The Big Picture.

Source: https://en.wikipedia.org/wiki/Billionaire

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