United States
Land of the free, home of the billionaires?
Nearly a quarter of the world's wealthiest -- those with more than $1
billion in assets -- are based in the U.S., according to 2013 data from
Wealth-X and UBS Billionaire Census 2013.
And if you look a little lower on the wealth ladder, at folks worth $30 million or more, Americans account for a whopping 32% of the world's super rich.
American women hold a lot of that wealth: $1.2 trillion worth of assets, more than ultra-wealthy women in any other country.
So where in the states are the richest Americans? California's golden shores account for 20% of the country's super rich, and their numbers are growing. New York and Texas also rank high.
China
Russia
India
And if you look a little lower on the wealth ladder, at folks worth $30 million or more, Americans account for a whopping 32% of the world's super rich.
American women hold a lot of that wealth: $1.2 trillion worth of assets, more than ultra-wealthy women in any other country.
So where in the states are the richest Americans? California's golden shores account for 20% of the country's super rich, and their numbers are growing. New York and Texas also rank high.
China
China's growth has slowed recently, but it
remains a hotspot for billionaires. The country added 10 new
billionaires over the last year.
That number might have been even higher, but some wealthy residents decided to take their money beyond the mainland recently -- giving Hong Kong and other Asian cities a boost. The moves were apparently sparked by concerns about China's ongoing credit crunch and a recent anti-corruption campaign that targeted luxury spending, according to Wealth-X.
To be ultra rich in China, think manufacturing. A full 17% of the country's wealthiest, those with $30 million or more in assets, derived their wealth from that sector.
Germany
It's no secret that Germany's robust economy
helped bolster the eurozone and drag it out of the financial crisis.
That strength also helped it to keep producing ultra-rich Germans.
That number might have been even higher, but some wealthy residents decided to take their money beyond the mainland recently -- giving Hong Kong and other Asian cities a boost. The moves were apparently sparked by concerns about China's ongoing credit crunch and a recent anti-corruption campaign that targeted luxury spending, according to Wealth-X.
To be ultra rich in China, think manufacturing. A full 17% of the country's wealthiest, those with $30 million or more in assets, derived their wealth from that sector.
Germany
It's no secret that Germany's robust economy
helped bolster the eurozone and drag it out of the financial crisis.
That strength also helped it to keep producing ultra-rich Germans.
Indeed, Germany has nearly as many billionaires as China, despite its much smaller population.
German billionaires saw their assets grow slightly in the past year, but wealth creation was even stronger for rich folks in a lower tier -- those with $30 million to $199 million in assets. That group saw their overall net worth increase more than 25% last year.
German billionaires saw their assets grow slightly in the past year, but wealth creation was even stronger for rich folks in a lower tier -- those with $30 million to $199 million in assets. That group saw their overall net worth increase more than 25% last year.
United Kingdom
With London as one of the top financial capitals
of the world, the city boasts a growing number of the ultra wealthy.
There are now nearly 6,400 Londoners worth more than $30 million --
that's 5.7% more than the year before.
In the U.K. overall, the ranks of the richest -- billionaires -- actually dropped slightly. Their net worth declined as well. But those a rung below them on the wealth scale are enjoying solid financial growth, so it's likely more Brits will reach the billionaire mark soon.
In the U.K. overall, the ranks of the richest -- billionaires -- actually dropped slightly. Their net worth declined as well. But those a rung below them on the wealth scale are enjoying solid financial growth, so it's likely more Brits will reach the billionaire mark soon.
Russia
The Russian economy has been thrust into
question due to the annexation of Crimea and the crisis in Ukraine. The
International Monetary Fund recently lowered its projections for
Russia's growth from 2% to 1.3%.
Still, there are plenty of ultra-rich Russians. In fact, their numbers rose by 35 last year. How much the political unrest will affect the country's wealthiest citizens in the future, though, remains to be seen, especially since the U.S. and E.U. have imposed sanctions against some Russian individuals and businesses.
Still, there are plenty of ultra-rich Russians. In fact, their numbers rose by 35 last year. How much the political unrest will affect the country's wealthiest citizens in the future, though, remains to be seen, especially since the U.S. and E.U. have imposed sanctions against some Russian individuals and businesses.
India
2013 wasn't a great year for Indian
billionaires. Their ranks and overall wealth declined more than 5%.
Meanwhile, the country has struggled with economic issues including a
weak rupee, slowing growth and high public debt.
But with a sweeping victory for the country's pro-business party last month, and the inauguration of a new prime minister, Narendra Modi, investors hope a turnaround is near. Modi is focused on growth, and seeks to attract foreign investment by minimizing bureaucratic challenges businesses face there. That means more billionaires could be on the way.
But with a sweeping victory for the country's pro-business party last month, and the inauguration of a new prime minister, Narendra Modi, investors hope a turnaround is near. Modi is focused on growth, and seeks to attract foreign investment by minimizing bureaucratic challenges businesses face there. That means more billionaires could be on the way.
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