How the world’s ultra-rich make their money
A new global rich-list published by research company Hurun reveals the industries that excelled the most over the past year – and which industries have the most dollar billionaires.
Jeff Bezos replaced Larry Ellison as the world’s richest tech billionaire for the first time, according to Hurun’s Global Rich List 2016.
The Technology Media and Telecom (TMT) sector has produced the most billionaires out of any industry – with 307 companies featuring, accounting for 14% of the entire list.
This includes 39 newcomers, featuring the likes of AirBnB, Kunlun Tech, Jetsen, Flipkart, and MagicLeap.
TMT, Real estate, Manufacturing and Investments made up half of the main source of wealth for the billionaires.
It has been a good year for Manufacturing, Pharma, Investments and Tech – but a bad year for Energy and Real Estate, the report said.
The report showed that China is now the world’s billionaire capital, with 100 billionaires residing in Beijing, compared with 95 in New York. Moscow is third with 66 billionaires.
The research firm also noted that China has overtaken the US as the country with the highest number of billionaires, overall – with 568 versus 535 – having gained 90 new super wealthy individuals. India was placed third, with 111 billionaires.
Hurun said that despite a global economic slowdown, the world saw 99 new dollar billionaires, to a total of 2,188 individuals from 68 countries – a record amount.
Total wealth increased by 9% to US$7.3 trillion – more than the GDP of Germany and the UK combined, and coming close to half that of the USA.
729 individuals saw their wealth decrease, while 102 dropped out of this year’s list.
The research company pointed out that the average age on the list is 64, while 69% of all billionaires are self-made.
Source of Wealth – Hurun Global Rich List 2016
| # | Industry | Richest person | No. of billionaires | Company |
|---|---|---|---|---|
| 1- | TMT | Jeff Bezos | 307 | Amazon |
| 2- | Real Estate | Wang Jianlin & family | 267 | Wanda |
| 3- | Manufacturing | Georg Schaeffler | 241 | Schaeffler Group |
| 4- | Investments | Bill Gates | 218 | Microsoft |
| 5- | Retail | Amancio Ortega | 175 | Inditex |
| 6- | Food & Beverages | Forrest Mars Jr | 160 | Mars |
| 7- | Energy | Charles & David Koch | 116 | Koch Industries |
| 8- | Financial Services | Thomas Peterffy | 111 | Interactive Brokers |
| 9- | Pharmaceuticals | Dilip Shanghvi | 106 | Sun Pharma |
| 10↑ | Automobile | Susanne Klatten | 49 | BMW |
| 10↑ | Mining | Georgina Rinehart | 43 | Roy Hill Iron Ore Mine |
| 12↓ | Logistics & Shipping | Jack Taylor & family | 41 | Enterprise Rent a car |
| 13↑ | Hospitality | Karl-Heinz Kipp | 33 | Hotel Eden Roc |
| 14 | Sports & Arts | Bernie Ecclestone & family | 27 | Formula 1 Group |
↑ Rank increase yoy ↓ Rank decrease yoy * New Entry – No Rank change yoy
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