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9 facts about the world’s super rich

9 facts about the world’s super rich

The world’s wealthiest individuals come under constant scrutiny, often leading to some common misconceptions about how they came to be so rich – and what they do with their money.

A recent report by Oxfam highlighted that the 62 wealthiest individuals in the world hold the same amount of wealth as the poorest half of the world’s population.

According to Oxfam’s projections, at currently levels, by 2022 only a handful of billionaires will hold the same wealth as the world’s poorest half.

In many cases, the figures were misinterpreted to mean that these 62 individuals held half the world’s wealth – which is not the case.

To help correct matters and set the record straight, wealth group, Wealth-X, provided some interesting stats and facts about ultra-high net worth individuals (UHNWIs) across the globe.

UHNWIs refer to those individuals who have a net worth greater than $30 million, and includes dollar billionaires in its counting.

Here are 9 facts about the world’s super rich:

  • There are 211,275 ultra-high net worth individuals (UHNWIs), with a combined net worth of $30 trillion – or 13% of the world’s total wealth. The 62 wealthiest individuals in the group, have a combined net worth of $1.72 trillion (under 0.8% of global wealth).
  • By 2019, these numbers will increase to more than 250,000 individuals with a combined net worth of $40 trillion.
  • The average billionaire has a net worth of $3.13 billion, while the average UHNWI has an average net worth of $212 million.
  • The majority of UHNW individuals are self-made and are involved in founder-owned private businesses. Of the world’s 211,275 UHNW individuals, 63.8% (134,820 people) are self-made; 17.4% (36,690 people) received their fortunes through inheritance; and 18.8% (39,765 people) have a blend of the two.
  • 88% of UHNW individuals hold a bachelor’s degree – the other 12% have not continued their education beyond high school, or dropped out of university.
  • A typical billionaire philanthropis donates $28.7 million of their wealth in his or her lifetime. In 2014, billionaires donated the equivalent of Morocco’s entire GDP ($112 billion).
  • Multi-millionaires donate over $1 million in their lifetimes – and India’s super rich are the most giving.
  • The average billionaire owns 4 properties, valued at an average of $23.5 million each. Real estate makes up 3% of billionaires’ net worth. UHNWIs own 2.7 properties on average, making up 8% of their net worth.
  • 30% of UHNWIs have at least one residential property in another country.

More on wealth

How the super rich are waging war on the poor

Richest 62 people hold same wealth as half the world: report

What it takes to be in the richest 1% of the world

How rich are you really?

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  • Witte Boer

    How many of those are dictators who stole the money from their countries?

    • Mikky Bankinsonbgaf

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      • The Fly

        Die spammer

  • bengine

    In this materialistic, dollar based World it is interesting to see how we define wealth.

    I consider myself to be far wealthier than any of these individuals – I believe I have things of value they don’t and could never buy.

    Personally I don’t care – but what bothers me is that the young people of this world are being shown that the only way to mean or be something is through materialistic gain – money, possessions brand names and excess.

    Not really a sustainable, healthy or happy existence …

    • The God Father

      Poor person response

      • bengine

        You make “poor” sound like a disease which is interesting because the converse is actually true.

        • MarvinTheParanoidAndroid

          Poverty may not be a disease, but it certainly is responsible for a lot of diseases.

          Where you find poverty, you find diseases.

          • bengine

            … again, dirty beggers fault for getting sick and living in squalor.

        • Dreigorian

          The poor can be a disease you know, they leech of public funds, multiply rapidly and demand grants which is provided by the working force not being lazy and have ambitions, here in sa you have a great example of this endless cycle.

          • bengine

            … terrible and it is all their fault – dirty beggers – choosing to be born poor. Don’t they know that they exist only so an elite few can live in total excess – because wealth is a right.
            Where are you from – the Dark Ages?
            Yup there are some lazy ones out there but I suggest you take some time to go out and live / work among the poor you are so ready to condemn and see how they came to be where they are, how hard they work, under what conditions.
            Personally I find your comment offensive – it embodies everything that is wrong with how our society is structured and exactly the the attitude I am challenging in this thread.

          • Dreigorian

            Please read I’m sure you are not poor in literature…”The poor can be a disease you know”..CAN BE…and I’m clear about what I said, read some research on what causes poverty, definitely not the wealthy and the ambitious people.

          • bengine

            CAN BE a disease – what is the root cause – the poor themselves?

            Interesting – I would like to see that research – who did it, who funded it – and what the actual findings were. Please post a link.

          • Dreigorian

   – Also watch the movie Idiocracy it explains it with some humor.

          • bengine

            Too move back to the topic – are you saying that we should raise kids to focus on money and materialism as the means to make a success of their lives?

          • Dreigorian

            To be honest at some age you have to sort of do that, how do you encourage your kids or a kid to do chores, or are you implementing slavery? By setting goals, does not matter whether it be materialized or a pie in the sky, if one does not have something to work for and work hard for, you are not ambitious and will never exceed the limits of your potential. Unfortunately in today world money controls everything in all aspects, the sooner a child learn that money is not something given for free, and that you need to appreciate every bit you have and can enjoy every bit, the better.

          • bengine

            Sorry – don’t buy that – that is a weak response to the problem – a cop out. Too much effort to come up with something else so take the easy route.
            You can teach kids about striving for goals without making it all about materialistic objectives. If you get it right this way they will be much better placed to achieve anything they want than if you do it through money and possessions – which they will find later in life actually have little meaning. Many rich people I know have all they want but they are not happy – they buy more things to fill the hole but it does not work.
            Bottom line – when we start basing the measuring of success on how much you have materially then we have seriously lost the plot.

          • Dreigorian

            “You can teach kids about striving for goals without making it all about materialistic objectives” – Those people are called scientist, people making a difference in the world for the better.

            Can you elaborate on these goals that does not include any materialistic objectives or money?

          • bengine

            Are you seriously saying you don’t know of any? This is very sad – no wonder things are so screwed up. Do you really have nothing in your life that is worth anything that does not have a monetary value?
            If you have to ask the question there is no way you will ever be able to grasp the answer.

            “Those people are called scientist, “- how much more tunnel visioned can you get. You think the responsibility of making the world a better place is in the hands of “the scientists”, an amorphous group of individuals in a laboratory somewhere striving for the greater good. I never realised there was a Disney Land in SA ….

          • Dreigorian

            Seems you cannot answer for your blabbering since I asked the question, one thing, you don’t answer a question with a question. You know what is really sad, that you don’t have the common decency to answer a legit question I asked after I respectfully replied to your question, so who is the real liptard here?

            As for handling the answer, to tell you I’m asking the question to make a point based on what you answered (oh please don’t be scared to answer)

            Please do tell what YOU PERSONALLY contributed to this world that made a difference since you are so keen on that your “special” in some way. Or do you think you are so special that I won’t be able to comprehend it?

          • bengine

            This is what I teach my kids. Success is about finding work that you love and find fulfillment in rather than chasing a paycheque. It is measured by who you attract to you. The people you surround yourself with and the perceptions they have of you. It is measured by your ability to look back on your life at your actions and decisions and do so with pride rather than regret. It is measured by how you have treated others and the effort you have made to make a positive difference. It is measured by how you feel when you are alone or looking in a mirror at your reflection without all the trappings of modern society and being happy with what you see.

            Idealistic? Aim for the moon to hit the eagle ….

          • Dreigorian

            Well you do know that when you love your job, you will succeed financially, but I can tell you this, without the financial aspects of any job, your job can become your worst enemy. Tell me with total honesty that if one of your children wishes to become a broom sweeper because that is his passion, would you allow him to chase that dream?

            Would you not look back and regret it when your child live in poverty because you let him chase the work he loved without considering any of the financial aspects of it?

            Regarding money and being materialistic, do you not agree that if you have gained more than what is required that you would not be able to make a bigger impact on the people around you, I for instance have given our housekeeper a stove, double bed with mattress, utensils, etc because I wanted to replace the old with the new?

            I can tell you that I’ve made a bigger impact on other peoples lives through money than you through feelings and how people perceive you. Sounds more like you adore it when people give you attention rather than the actual impact you make on their life.

            To come to the point, by making a difference in the world so that people see you, is actually selfish. It’s like Christians that do charity work only to wager a spot in lala land. Scientist which I mentioned previously are not like that, they are the only people in my opinion that are making real progress and a difference in the world.

    • MoneyWanter

      And you know they don’t hsve this how??

      Don’t preach that being successful is a disease, maybe their business took off because they were super passionate or just through getting lucky, or maybe even through hard work, and they accidentally became suoer rich….

      What would you do? Shut down your business which millions of peopls feel they draw a benefit from so that you don’t become rich? Especially since it automatically makes you lose the most important things in life, like spending less time with your kids because you always have to work, or not being able to send them to university because you are happily poor…

      Cmon and wake up for god’s sake

      • bengine

        The point of my post was to highlight that as a society we tend to focus only on material gain when measuring success. This is the message that our children are growing up with – if you don’t have money, cars, brand names – you are not worth anything.
        Are you saying you are Ok with this?
        Personally I would like my children to measure their success by how happy and fulfilled they are – not by trying to outdo the Jones on the material front. I don’t see too many attempts to challenge this view point.

        • MarvinTheParanoidAndroid

          Th rich aren’t focused on material things, only the poor focus on brand names. The super rich have money as a byproduct of wanting to change the world.

          Steve Jobs, bill Gates, etc… their entire focus was on making making product that everone will want. The money was merely a byproduct.

          • bengine

            This was not about the rich it was about the reporting in the article focusing on wealth as a means for defining success.

        • Dreigorian

          I wonder how happy they’ll be if they cannot afford food, or basic entertainment etc…don’t get me wrong, I get your point, but without material gain why would one be ambitious, or in africa stick the hand out or steal?

          • bengine

            You are mixing up two completely different concepts.
            Having enough vs wanting more and more and more – two different things. I am interested in guiding kids through the process of growing up where they don’t have to define themselves by material possessions – the point being that if you prop up who you are with things when those things are taken away you have nothing to fall back on. Give a child the ability to be confident and happy in themselves – when they acquire wealth it will be a bonus but not the defining point of their existence – this is not the same as your point of struggling to put food on the table.

        • ChrisB

          Yeah this is the sermon preached by countless Hollywood offerings, you don’t have to have money to be happy, happiness is more important, money can’t buy everything… yada yada yada but that smug message completely ignores the millions – billions – of people who are barely scraping by.

          Sure, money is no guarantee of happiness but MONEY GIVES YOU OPTIONS. Without (plenty of) it, you have NO CHANCE of happiness. It’s kinda like air – not important unless you’re not getting any. Don’t try to tell the Gugulethu pauper money doesn’t mean anything, because to him it means everything.

          • bengine

            … and your point? Where did I say money was bad? I am saying focusing on wealth as the be all and end all is a dead end – it is not a difficult concept.

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