{"id":110227,"date":"2016-01-30T19:30:19","date_gmt":"2016-01-30T17:30:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=110227"},"modified":"2016-01-29T16:39:05","modified_gmt":"2016-01-29T14:39:05","slug":"9-facts-about-the-worlds-super-rich","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/110227\/9-facts-about-the-worlds-super-rich\/","title":{"rendered":"9 facts about the world&#8217;s super rich"},"content":{"rendered":"<p>The world&#8217;s wealthiest individuals come under constant scrutiny, often leading to some common misconceptions about how they came to be so rich &#8211; and what they do with their money.<\/p>\n<p>A recent <a href=\"http:\/\/businesstech.co.za\/news\/wealth\/109255\/richest-62-people-hold-half-the-worlds-wealth-report\/\">report by Oxfam<\/a> highlighted that the 62 wealthiest individuals in the world hold the same amount of wealth as the poorest half of the world&#8217;s population.<\/p>\n<p>According to Oxfam\u2019s projections, at currently levels, by 2022 only a handful of billionaires will hold the same wealth as the world\u2019s poorest half.<\/p>\n<p>In many cases, the figures were misinterpreted to mean that these 62 individuals held half the world&#8217;s wealth &#8211; which is not the case.<\/p>\n<p>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.<\/p>\n<p>UHNWIs refer to those individuals who have a net worth greater than $30 million, and includes dollar billionaires in its counting.<\/p>\n<p>Here are 9 facts about the world&#8217;s super rich:<\/p>\n<ul>\n<li>There are 211,275 ultra-high net worth individuals (UHNWIs), with a combined net worth of $30 trillion &#8211; or 13% of the world&#8217;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).<\/li>\n<\/ul>\n<ul>\n<li>By 2019, these numbers will increase to more than 250,000 individuals with a combined net worth of $40 trillion.<\/li>\n<\/ul>\n<ul>\n<li>The average billionaire has a net worth of $3.13 billion, while the average UHNWI has an average net worth of $212 million.<\/li>\n<\/ul>\n<ul>\n<li>The majority of UHNW individuals are self-made and are involved in founder-owned private businesses. Of the world\u2019s 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.<\/li>\n<\/ul>\n<ul>\n<li>88% of UHNW individuals hold a bachelor\u2019s degree &#8211; the other 12% have not continued their education beyond high school, or dropped out of university.<\/li>\n<\/ul>\n<ul>\n<li>A typical billionaire philanthropis donates $28.7 million of their wealth in his or her lifetime. In 2014, billionaires donated the equivalent of Morocco&#8217;s entire GDP ($112 billion).<\/li>\n<\/ul>\n<ul>\n<li>Multi-millionaires donate over $1 million in their lifetimes &#8211; and India&#8217;s super rich are the most giving.<\/li>\n<\/ul>\n<ul>\n<li>The average billionaire owns 4 properties, valued at an average of $23.5 million each. Real estate makes up 3% of billionaires&#8217; net worth. UHNWIs own 2.7 properties on average, making up 8% of their net worth.<\/li>\n<\/ul>\n<ul>\n<li>30% of UHNWIs have at least one residential property in another country.<\/li>\n<\/ul>\n<h3 class=\"my-4\">More on wealth<\/h3>\n<p><strong><a title=\"Permalink to How the super rich are waging war on the poor\" href=\"http:\/\/businesstech.co.za\/news\/wealth\/109257\/how-the-super-rich-are-waging-war-on-the-poor\/\" rel=\"bookmark\">How the super rich are waging war on the poor<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Richest 62 people hold same wealth as half the world: report\" href=\"http:\/\/businesstech.co.za\/news\/wealth\/109255\/richest-62-people-hold-half-the-worlds-wealth-report\/\" rel=\"bookmark\">Richest 62 people hold same wealth as half the world: report<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to What it takes to be in the richest 1% of the world\" href=\"http:\/\/businesstech.co.za\/news\/wealth\/101150\/what-it-takes-to-be-in-the-richest-1-of-the-world\/\" rel=\"bookmark\">What it takes to be in the richest 1% of the world<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to How rich are you really?\" href=\"http:\/\/businesstech.co.za\/news\/general\/78815\/how-rich-are-you-really\/\" rel=\"bookmark\">How rich are you really?<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world&#8217;s wealthiest individuals come under constant scrutiny, often leading to some common misconceptions about how they came to be so rich &#8211; and what they do with their money.<\/p>\n","protected":false},"author":10,"featured_media":74326,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,7275],"class_list":["post-110227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-wealth"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=110227"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110227\/revisions"}],"predecessor-version":[{"id":110779,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/110227\/revisions\/110779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/74326"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=110227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=110227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=110227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}