{"id":162907,"date":"2017-03-08T19:00:42","date_gmt":"2017-03-08T17:00:42","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=162907"},"modified":"2017-03-08T17:22:04","modified_gmt":"2017-03-08T15:22:04","slug":"how-the-worlds-richest-people-make-their-money","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/162907\/how-the-worlds-richest-people-make-their-money\/","title":{"rendered":"How the world’s richest people make their money"},"content":{"rendered":"

New data published in the Hurun Global Rich List 2017 report, a ranking of the US dollar billionaires, shows how the world’s mega-rich came to make their money.<\/p>\n

The rich list ranked 2,257 billionaires from 68 countries and from 1,811 companies in another record-breaking year for the world\u2019s billionaires.<\/p>\n

Total wealth increased by 16% to US$8.0 trillion\u00a0equivalent to 10.7% of global GDP, and up from 7% of global GDP five years ago.<\/p>\n

78 billionaires are major shareholders of Fortune Global 500 companies, led by 27 from the USA and 6 from China.<\/p>\n

Self-made billionaires make up\u00a067% of those listed, with 33% inheriting their wealth. Self-made, but with help from parents through a private education, was the most\u00a0common route to becoming a billionaire, the report found.<\/p>\n

Source of Wealth by Industry<\/strong><\/span><\/p>\n

The authors of the report noted that it has been a great year for Logistics and Retail, up 15% and 13% respectively in terms of the number of billionaires, and a bad year for Manufacturing and Real Estate, down 11% and 10%.<\/p>\n

Real estate dropped down from second to fourth place. Manufacturing and investments both rose one place.<\/p>\n

Tech, Manufacturing and Investments were the main source of wealth for one third of the list. USA and China accounted for 71% of The technology, media, and telecom (TMT) billionaires in the list.<\/p>\n

Wealth in logistics increased 25% year-on-year to become the top performing sector of the year. Chinese dominated this sector. Wang Wei, 46, of SF Express shot up five-fold to a net worth of US$27 billion, on the back of an IPO in February.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\n\u00a0Industry<\/th>\n% of Billionaires<\/th>\n\u00a0% Change<\/th>\n\u00a0Richest<\/th>\nCompany<\/th>\n<\/tr>\n
1<\/td>\nTechnology, Media, and Telecoms<\/td>\n13.2%<\/td>\n-2.9%<\/td>\nJeff Bezos<\/td>\nAmazon<\/span><\/strong><\/td>\n<\/tr>\n
2<\/td>\nManufacturing<\/td>\n10.5%<\/td>\n-10.9%<\/td>\nGeorg Schaeffler<\/td>\nSchaeffler Group<\/strong><\/td>\n<\/tr>\n
\u00a03<\/td>\nInvestments<\/td>\n9.5%<\/td>\n-1.4%<\/td>\nBill Gates<\/td>\nMicrosoft<\/strong><\/td>\n<\/tr>\n
4<\/td>\nReal Estate<\/td>\n9.4%<\/td>\n-10.4%<\/td>\nWang Jianlin & family<\/td>\nWanda<\/strong><\/td>\n<\/tr>\n
\u00a05<\/td>\nRetail<\/td>\n8.8%<\/td>\n13.1%<\/td>\nAmancio Ortega<\/td>\nInditex<\/strong><\/td>\n<\/tr>\n
\u00a06<\/td>\nFood & Beverages<\/td>\n\u00a07.2%<\/td>\n1.9%<\/td>\nTatiana Casiraghi<\/td>\nSABMiller<\/strong><\/td>\n<\/tr>\n
\u00a07<\/td>\nEnergy<\/td>\n\u00a05.0%<\/td>\n-2.6%<\/td>\nCharles & David Koch<\/td>\nKoch Industry<\/strong><\/td>\n<\/tr>\n
\u00a08<\/td>\nFinancial Services<\/td>\n\u00a05.0%<\/td>\n\u00a01.8%<\/td>\nThomas Peterffy<\/td>\nInteractive Brokers<\/strong><\/td>\n<\/tr>\n
\u00a09<\/td>\nPharmaceuticals<\/td>\n\u00a04.9%<\/td>\n\u00a03.8%<\/td>\nDilip Shanghvi<\/td>\nSun Pharma
\n<\/strong><\/td>\n<\/tr>\n
\u00a010<\/td>\nConstruction<\/td>\n\u00a02.9%<\/td>\n14.8%<\/td>\nYan Hao & family<\/td>\nChina Pacific Construction
\n<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

For South Africa<\/a>‘s dollar billionaires, their wealth has been accumulated through various sectors, led by Nicky Oppenheimer thanks to\u00a0diamond<\/span> giant De Beers. <\/span><\/p>\n

Patrice Motsepe, the country’s fifth wealthiest person, has also primarily accumulated his wealth through the mining industry.<\/span><\/p>\n

\n\n\n\n\n\n\n\n\n
#<\/strong><\/td>\nName<\/strong><\/td>\n\u00a0Net worth <\/strong><\/td>\nIndustry<\/strong><\/td>\n<\/tr>\n
1<\/td>\nNicky Oppenheimer<\/td>\n$6 billion<\/td>\nBasic Minerals<\/td>\n<\/tr>\n
2<\/td>\nChristo Wiese<\/td>\n$6 billion<\/td>\nLuxury Goods<\/td>\n<\/tr>\n
3<\/td>\nJohann Rupert<\/td>\n$4.6 billion<\/td>\nRetail<\/td>\n<\/tr>\n
4<\/td>\nKoos Bekker<\/td>\n$1.6 billion<\/td>\nMedia<\/td>\n<\/tr>\n
5<\/td>\nPatrice Motsepe<\/td>\n$1 billion<\/td>\nBasic Minerals<\/td>\n<\/tr>\n
6<\/td>\nStephen Saad<\/td>\n$1 billion<\/td>\nHealthcare<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Last year<\/a>, New World Wealth, in partnership with MasterCard, released data on South Africa\u2019s richest population group, showing exactly how the country\u2019s wealthiest made their money.<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: These are the richest billionaires in South Africa in 2017<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

New data published in the Hurun Global Rich List 2017 report, a ranking of the US dollar billionaires, shows how the world’s mega-rich came to make their money.<\/p>\n","protected":false},"author":10,"featured_media":162915,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-162907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162907","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=162907"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162907\/revisions"}],"predecessor-version":[{"id":162921,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162907\/revisions\/162921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/162915"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=162907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=162907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=162907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}