USD 2500

WEALTH-X AND UBS BILLIONAIRE CENSUS 2013

 UBS 2013. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.

This publication is for your information only and is not intended as an offer, or a solicitation of an offer, to buy or sell any product or other specic service. All information and opinions indicated are subject to change without notice.

A NOTE TO OUR READERS

Wealth-X is pleased to partner with UBS in presenting the inaugural Wealth-X and UBS Billionaire Census, the rst comprehensive study on the worlds billionaire population.
The Wealth-X and UBS Billionaire Census is the second publication in this partnership, following the launch of the Wealth-X and UBS World Ultra Wealth Report 2013. UBS provides its expert commentary to complement Wealth-Xs data on the global ultra high net worth (UHNW) population, demonstrating a true collaboration between the global leader in wealth management and the worlds leading UHNW intelligence provider. The Wealth-X and UBS Billionaire Census is the rst in-depth and denitive analysis of this ultra affluent tier by region, country and gender, composed by using Wealth-Xs extensive database of hand-curated intelligence. The Wealth-X and UBS Billionaire Census reveals that, as of 2013, there are 2,170 billionaires globally, with a combined net worth of US$6.5 trillion. The billionaire population has increased by 60 percent from its size during the global nancial crisis in 2009. Their total combined wealth rose to US$6.5 trillion in 2013 from US$3.1 trillion in 2009. We believe it is, therefore, timely to publish a report that examines the state of the worlds billionaire population and their wealth tiers; sources of wealth and how male and female billionaires acquire their fortunes; the size of their families; and the value of the social graph of their ultra wealthy connections. The report also reveals the average net worth of the typical billionaire, breaking down his or her fortune by asset type. The passions, lifestyles and philanthropic interests of the ultra wealthy intrigue us. This report looks at the most popular hobbies among billionaires; how much of their wealth is invested in real estate and how many houses they own on average; and how much of their fortunes is spent on luxury holdings like yachts and private jets. It also lists the top 10 universities in terms of billionaire alumni, who have an astounding combined net worth of US$863 billion. Finally, the report looks at the increased philanthropic activities among the billionaire class that signal what some have called the second golden age of philanthropy. The Wealth-X and UBS Billionaire Census forecasts that the global billionaire population will increase by 1,700 individuals to nearly 3,900 by the year 2020. The rise in this ultra affluent tier presents immense business opportunities, making this report essential reading for those who want to understand and engage the worlds most commercially signicant segment.

Mykolas D. Rambus Chief Executive Officer

David S. Friedman President

MEETING THE COMPLEX DEMANDS OF THE WORLDS WEALTHIEST

Although the path to economic recovery remains difficult, the top end of the Ultra High Net Worth (UHNW) segment continues to grow its wealth. Together, these individuals now have a combined net worth of US$6.5 trillion worldwide. This makes the billionaire segment interesting to any bank with a strategic UHNW foothold. Yet billionaire clients have particularly complex demands, and the challenge lies in providing them with the right offering to help them achieve their nancial goals. Billionaire clients expect professional, customised advice on the issues that matter most to them whether its investing, succession planning or philanthropy. They also seek providers with extensive, world-class, global capabilities that can meet their needs for multi-shoring opportunities and swift execution. To serve such clients effectively, banks must give them full access to the entire range of their capabilities across their various divisions and locations.

UBS has a strong global UHNW business with more than 1,000 dedicated professionals in 21 locations worldwide. We aim to develop a comprehensive understanding of each billionaires individual circumstances and employ a tailored approach that takes all relevant factors into consideration. Dedicated specialist teams from our Wealth Management and Investment Bank business divisions around the globe nd the appropriate solutions and ensure their seamless execution. We invest continuously to develop our offering and platforms. By doing so, we believe that we are well positioned to cater for the exacting needs of this client group and to grow along with it. We are pleased to partner with Wealth-X in jointly presenting the Wealth-X and UBS Billionaire Census, which provides comprehensive insights on the composition and dynamics of this group of individuals.

Josef Stadler Global Head UHNW, UBS AG

LONGER TERM THINKING: A POWERFUL ADVANTAGE FOR THE ULTRA RICH

Reading nancial news every day can easily induce short-termism, with high frequency economic data, sudden intra-day price moves, and quarterly earnings releases underlining an environment where performance is already marked to market on a daily basis. This is mirrored in corporate executives and politicians, where short-term behavior can be driven by shareholder impatience or weekly approval ratings. But short-termism can lead individuals to miss the proverbial woods for the trees. From its nadir in March 2009 through the end of 2012, the S&P 500 gained over 120 percent, thanks to an improving economy and extraordinary central bank support. Yet many investors remained un- or under-invested in equities, in part because they focused on shortterm shocks such as the US losing its AAA rating, the episodes of the Eurozone debt crisis, and concerns that China faced nancial disaster. This is not to trivialise these concerns, nor the money that investors lost as equity markets sold off in reaction to bad news. Instead, it highlights how the ability to think over a longer term horizon can be a signicant investment advantage. This is an advantage enjoyed by many of the UHNW clients that I serve, and it allows them to explore and identify long-term secular trends affecting many industries and geographies. Five specic trends to consider are improving agricultural efficiency, increasing rates of obesity, growing water scarcity, ageing populations, and the shift to robotics and automation.

First, while the total area of arable land in Asia has grown by some 10 percent over the past 20 years, strong population growth has meant arable land per capita has fallen by around 17 percent. Furthermore, per capita food consumption is still growing, driven by economic development and urbanisation. Over time, these trends should benet companies that help increase agricultural yields through agricultural equipment, agrichemicals, and genetic modication. Meanwhile, globally, the overweight and obese now outnumber the underfed, a trend impacting both developed and developing countries. Obesity has been linked to disease and illness, and will likely become a focus of public policy in the years ahead. Drugs that can help manage the consequences of obesity, such as diabetes, should see increased demand, and companies promoting health and weight management, sporting goods, and healthy foods could also benet from more health conscious consumers. Water infrastructure is another long-term growth area, driven by population growth, urbanisation, and climate change. Currently, little more than half of the global population live in urban areas, but this percentage will increase to 60 percent by 2030, according to UN estimates. To accommodate this growing urban population, cities will need to make substantial investments in water infrastructure to provide sufficient water supply and ensure water quality. Further, climate change inuences the quality, quantity and timing of water delivery, often meaning existing water gathering

infrastructure requires relocating. Agriculture is a large water consumer, and the ever increasing demand for agricultural products also entails investment in irrigation and distribution infrastructure. Even today, networks are already strained and suffer chronic underinvestment. And by 2020, 60 percent of all main water pipes in the US are expected to be classied as sub-standard by 2020. Fourth, gains in life expectancy are starting to slow, while the global population continues to grow strongly and age rapidly. The combination of these factors means the number of people dying each year is expected to grow at over 1 percent per annum over the next decade, higher than any decade since at least the 1970s. This trend will likely increase the demand for crematoriums and funeral homes, demand which should be increased further still by ongoing urbanization. Finally, underlying demand for robotics and automation continues to grow, supported by ageing and rising emerging market wages. Replacing humans with machines leads to improved productivity and often higher quality work, with advances in articial intelligence, motors, hydraulics, sensors, and machine vision allowing robots to be used more often in manufacturing, services, and even extremely high value uses like human augmentation and robotic surgery.

Besides a longer term investment horizon, a second signicant investment advantage for many UHNW, including billionaire clients in todays environment is a relatively limited need for liquidity. This allows them to allocate more to less liquid structures such as private equity and hedge funds, thus benetting from the additional returns typically paid to compensate for their relative illiquidity. This is particularly benecial in todays post-Lehman, liquidity-focused world. Marrying the ability to think long term and the ability to harvest illiquidity premiums can lead to an extremely powerful investment advantage and superior investment returns.

Simon Smiles Chief Investment Officer UHNW, UBS Wealth Management

CONTENTS

01

EXECUTIVE SUMMARY ..........11

05

NORTH AMERICA ..........41

Focus Country: United States Focus Country: Canada

02

GLOBAL OVERVIEW ..........12

Billionaire Temperature Map By Region: Total Wealth Change % State of the Worlds Billionaire Population Billionaires by Wealth Tier Source of Wealth Gender and Family Family Size Top 10 Billionaire Countries Top 20 Billionaire Cities Billionaire Social Graph The Typical Billionaire Future Billionaire Forecast

06

ASIA ..........47
Focus Country: China Focus Country: India Focus Country: Hong Kong

07

MIDDLE EAST ..........57

Focus Country: Saudi Arabia Focus Country: United Arab Emirates

08

LATIN AMERICA ..........65

Focus Country: Brazil

03

BILLIONAIRE LIFESTYLE ..........24

Philanthropy and the Giving Pledge Education and Universities Real Estate Luxury Billionaire Hobbies Billionaire Calendar

09

AFRICA ..........71
Focus Country: South Africa

10

OCEANIA ..........77
Focus Country: Australia

04

EUROPE .......... 31
Focus Country: Germany Focus Country: Switzerland

11

METHODOLOGY ..........80

12

APPENDIX ..........82

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

EXECUTIVE SUMMARY

The worlds population of billionaires continues to grow; between July 2012 and June 2013, the number of billionaires has increased by 0.5 percent and their total wealth has risen by 5.3 percent. The combined net worth of billionaires is US$6.5 trillion, more than the GDP of every country except the United States and China. Asia is the region that is driving the tectonic shifts in wealth; the total billionaire wealth in Asia has increased by 13 percent, the fastest of any region. Asia has also contributed the largest number of additional billionaires (18) to the list this year. Europe was the only region to suffer a decline in the population of billionaires, although the total wealth of all billionaires has increased in every region. Since the nancial market bottomed out in March 2009 following the global nancial crisis, the total wealth of billionaires has more than doubled from US$3.1 trillion to US$6.5 trillion. The billionaire population in 2013 is also 60 percent higher than in 2009, at 2,170.

11

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

GLOBAL OVERVIEW

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

WORLD EUROPE NORTH AMERICA ASIA MIDDLE EAST LATIN AMERICA AFRICA OCEANIA

2,170 766 552 508 157 111 42 34

6,516 2,120 2,158 1,188 354 496 101 99

2,160 795 541 490 152 108 41 33

6,190 2,045 2,108 1,052 315 485 91 94

0.5% -3.6% 2.0% 3.7% 3.3% 2.8% 2.4% 3.0%

5.3% 3.7% 2.4% 12.9% 12.4% 2.3% 11.0% 5.3%

MAJOR WEALTH INDICATORS 2013

GDP

CURRENCiES

EQUITIES

BILLIONAIRE POPULATION

COMBINED WEALTH

WORLD EUROPE NORTH AMERICA ASIA MIDDLE EAST LATIN AMERICA AFRICA OCEANIA NA

*All GDP growth rates are measured relative to the previous years growth rate

12

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

BILLIONAIRE TEMPERATURE MAP BY REGION: TOTAL WEALTH CHANGE %

2.4%

3.7% 12.4% 11.0% 2.3% 12.9%

GLOBAL TOTAL

5.3%

5.3%

ZERO - 1.9%

2.0% - 3.9%

4.0% - 5.9%

6.0% - 7.9%

8.0% - 9.9%

10.0% - 11.9%

12.0% +

Every region increased in wealth terms, with Asia the fastest growing at 12.9 percent. Although Europe was the only region to suffer a decline in its billionaire population, Latin America was the slowest growing region in terms of wealth, increasing by just 2.3 percent. In the last year, the wealth of billionaires often moved inversely with the rest of the UHNW individuals from the region.

For example, whilst Latin American UHNW saw their wealth decline by 3.4 percent, billionaires increased theirs by 2.3 percent. In contrast, European billionaires increased their wealth by 3.7 percent, despite UHNW individuals from the region recording a 10.4 percent increase in wealth over the same time period.

13

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

WEALTH TIER

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

TOTAL

2,170

6,516

Over $50 Billion

250

$25 Billion to $50 Billion

17

529

$10 Billion to $25 Billion

90

1,193

$5 Billion to $10 Billion

174

1,104

$2 Billion to $5 Billion

710

1,970

$1 Billion to $2 Billion

1,175

1,470

The worlds billionaire population currently totals 2,170, with a combined net worth of over US$6.5 trillion. The average wealth of billionaires is US$3 billion. Globally, there are 111 individuals who each have a net worth above US$10 billion; the collective net worth of this group is over US$1.9 trillion, greater than the GDP of Canada.

Fifty four per cent of billionaires have a net worth of between US$1 billion and US$2 billion, however, account for less than a quarter of the total wealth of billionaires.

14

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

WEALTH SOURCE

TOTAL

SELF-MADE

INHERITANCE

*INHERITANCE/ SELF-MADE

POPULATION TOTAL WEALTH (US$ billion)

2,170 6,516

1,298 3,825

438 1,321

434 1,370

Self-made billionaires make up 60 percent of the population while 20 percent have inherited their wealth. Another 20 percent have part-inherited and part-made their own fortunes. Globally, all of the four mega-billionaires, who each have a net worth of more than US$50 billion, are self-made individuals. These mega-billionaires are Bill Gates, Carlos Slim, Amancio Ortega and Warren Buffet. First generation wealth constitutes US$3.8 trillion of global UHNW fortunes, presenting signicant opportunities for nancial advisors and family offices.

15

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

GENDER AND FAMILY

87 percent of billionaires are male, just slightly below the 88 percent for UHNW individuals generally, according to the Wealth-X and UBS World Ultra Wealth Report 2013.

The average wealth of a female billionaire is slightly higher than that of the average male, at US$3.2 billion, as compared to US$3.0 billion. Although this difference of US$200 million is clearly considerable, it only amounts to a difference of less than 10 percent of net worth.

SOURCE OF WEALTH BY GENDER

SELF-MADE

INHERITANCE/ SELF-MADE

INHERITANCE

FEMALE MALE

17% 64%

12% 21%

71% 15%

There are large disparities between male and female billionaires when it comes to their source of wealth. Overall, self-made billionaires dominate, at 60 percent of the population. However, only 17 percent of female billionaires are self-made, with an astounding 71 percent inheriting their wealth.

For female UHNW individuals, 53 percent inherited their wealth. As an increasing number of younger, entrepreneurial women continue to build their fortunes, Wealth-X predicts that, over time, fewer female billionaires will derive their wealth from inherited money.

16

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

FAMILY SIZE

The average billionaire has 2.1 children, a slightly lower gure than the 2.2 children that is the average for UHNW individuals. Fifteen percent of billionaires have four or more children, although there are several billionaires with eight, nine or even ten children (and one Middle Eastern billionaire with a staggering 24 children!). The chart below shows a breakdown of the worlds billionaire population by the number of children they have.

Number of children of Billionaires

27% 22% 16% 9%

0 1 2 3 4

20%

6%
5

It should also be noted as 86% of the billionaire population is married that spouses often play a pivotal role in the success of their partners. Indeed, the husbands and wives of successful billionaires will often act as important advisors, impacting many key decisions and overseeing various initiatives and activities for example, running a joint private foundation responsible for philanthropy.
17

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

TOP 10 BILLIONAIRE COUNTRIES

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2 3 4 5 6 7 8 9 10

UNITED STATES CHINA GERMANY UNITED KINGDOM RUSSIA INDIA HONG KONG FRANCE SAUDI ARABIA SWITZERLAND

515 157 148 135 108 103 75 64 64 61

2,064 384 432 420 342 180 224 202 204 128

The United States remains the billionaire capital of the world, with over three times more billionaires than in China, which ranks second. China now has the worlds second largest billionaire population, however, the combined wealth of German billionaires remains higher. The top 10 billionaire countries account for 66 percent of the worlds billionaires, highlighting the concentration of the super rich into a select few hot spots.

18

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

TOP 20 BILLIONAIRE CITIES

RANK

CITY

BILLIONAIRE POPULATION

1 2 3 4 5 6 7 8 8 10 11 12 13 14 14 16 16 18 19 20

NEW YORK HONG KONG MOSCOW LONDON MUMBAI SINGAPORE BEIJING PARIS RIYADH DUBAI SAO PAULO LOS ANGELES CHICAGO SAN FRANCISCO TOKYO TAIPEI SHANGHAI GENEVA SHENZHEN HOUSTON

96 75 74 67 30 27 26 25 25 24 23 22 21 20 20 19 19 18 16 14

New York remains the business city of choice for the worlds billionaires. This is dened by where their primary businesses are headquartered. Asia takes eight out of the top 20 spots for billionaire cities, the most for any region in the world. Moscow accounts for over two thirds of Russias billionaires. The total number of billionaires who are based in the top 20 cities is 661, representing 30 percent of the worlds billionaires.

19

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

BILLIONAIRE SOCIAL GRAPH

The average billionaire is incredibly well connected, with a social circle worth US$15 billion ve times the net worth of the average billionaire. This gure is based on a calculation of the net worth of only the three top connections of billionaires, and so it is likely to be even higher when considering the number of UHNW individuals the average billionaire interacts with while attending various meetings, dinners, and events.

Factoring in all of the connections between the worlds billionaires, this equates to a total social circle worth a combined US$33 trillion, almost double the national debt of the United States.

Wealth-X Future Billionaire Forecast

RANK

NAME

VALUE OF CIRCLE OF INFLUENCE US$BILLION

PRIMARY COMPANY

PRIMARY POSITION

1 2 3 4 5 6 7 8 9 10

William Henry Gates III William Albert Ackman Eli Broad Warren Edward Buffet Peter George Peterson Michael Terry Duke Keith Rupert Murdoch Thomas Boone Pickens Jr. Linda S. Wolf James W. Breyer

$261 $194 $148 $146 $145 $136 $133 $132 $131 $127

Bill & Melinda Gates Foundation Pershing Square Capital Management The Broad Foundations Berkshire Hathaway Blackstone Group Wal-Mart Stores News Corporation BP Capital Management Wal-Mart Stores Accel Partners

Co-Chairman Founder and CEO Founder Chairman and CEO Co-Founder CEO and President Chairman and CEO Chairman Director General Partner

20

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

THE TYPICAL BILLIONAIRE

The average billionaire is worth US$3.0 billion with a liquidity of 18 percent, equal to US$545 million in cash and other liquid assets per person. This liquidity cushion of over half a billion dollars is higher than it was before the global nancial crisis of ve years ago, suggesting that the old mantra of cash is king remains as relevant as ever. Private holdings still form the largest component of a typical billionaires wealth, with an average of over a US$1 billion in publicly-held companies on top of this. The breakdown of the average billionaires wealth can be seen below:

ASSET TYPE

% OF NET WORTH

VALUE US$ MILLION

PRIVATE HOLDINGS PUBLIC COMMON STOCK CASH AND OTHERS REAL ESTATE LUXURY ASSETS TOTAL

42% 35% 18% 3% 2% 100%

1,270 1,050 545 78 58 3,001

21

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FUTURE BILLIONAIRE FORECASTS

As reported in the Wealth-X and UBS World Ultra Wealth Report 2013, there are 50 percent more demi-billionaires (dened as those with a net worth of between US$500 and US$999 million) than billionaires, although with a lower combined wealth of US$2.6 trillion.

WORLD UHNW

2013

2013

2012

2012

NET WORTH

UHNW POPULATION

TOTAL WEALTH US$ billion

UHNW POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

$1 billion + $750 million to $999 million $500 million to $749 million

2,170 1,080 2,660

6,516 929 1,695

2,160 990 2,475

6,190 855 1,560

0.5% 9.1% 7.5%

5.3% 8.7% 8.7%

By modelling the Wealth-X ve year forecasted average increase in UHNW wealth of 5.4 percent on to the existing demi-billionaire population, over three quarters of this population will reach billionaire status in the next seven years.

Wealth-X predicts that by the year 2020, the global billionaire population will increase by 1,700 individuals to nearly 3,900 globally, as shown in the chart on the next page.

22

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth-X Future Billionaire Forecast

4,000 3,800 3,600 3,400 3,200 2,986 3,000 2,800 2,508 2,600 2,400 2,200 2,000 2014 2015 2016 2017 2018 2019 186 152 2,356 280 198 345 274 2,788 3,331 3,605

3,873

750

650

550

450

350 268 250

150

2020

Total Billionaires

Additional Billionaires

The model used to calculate this is based only on existing demibillionaires. When taking into account those not yet worth US$500 million, the increase in the billionaire population is likely to be even higher. For example, many technopreneurs continue to increase their wealth rapidly, and are able to achieve billionaire status in the span of only a few years. Furthermore, some of the billionaires in the year 2020 will most likely still be enrolled in university or even high school today.

23

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

PHILANTHROPY AND THE GIVING PLEDGE

The total amount of charitable gifts donated by the ultra rich has increased signicantly in recent years, ushering in what some refer to as the second golden age of philanthropy from UHNW individuals, the rst being in the early 20th century when the likes of Andrew Carnegie rst gave away hundreds of millions of dollars. This recent trend has been spurred by the high prole Giving Pledge campaign started in 2010 by two of the wealthiest people in the world, Bill Gates and Warren Buffet which has succeeded in getting over 100 billionaires from all over the world to pledge a majority of their wealth to charity. In general, UHNW individuals have exhibited a greater interest in philanthropy, and particularly in transferring successful business principles and analytics to charity, ensuring that the highest return on investment is achieved even in the non-prot sector.

In the last three years, it is estimated that billionaires have donated a total of US$69 billion, equivalent to US$32 million per billionaire. The US remains the country with the largest number of billionaire donors, ahead of China, the UK, Russia and Canada. There are more European billionaire donors than Asian donors, who on average are younger and still in wealth accumulation mode. As succession plans loom for many rst generation Asian billionaires, we expect an increase in giving. Education remains the top cause for major giving, dened as gifts worth US$1 million and above. Notable gifts from billionaires this year include those from Michael Bloomberg who donated US$350 million to John Hopkins University, Charlie Munger who pledged US$110 million to the University of Michigan, and Samuel Yin who donated US$100 million to the Tang Prize Foundation.

24

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

EDUCATION AND UNIVERSITIES

As featured in The Wealth-X Global University UHNW Alumni Rankings Special Report in February 2013, Harvard University has the largest pool of billionaire alumni. The UKs Cambridge University is the only institution in the top 10 list from outside of the US. The 206 billionaire graduates from these 10 universities have a combined net worth of US$863 billion, which is 8 times greater than the combined endowments of their alma maters.

This presents an invaluable opportunity for fundraising for these elite universities. 68 percent of billionaires have at least a bachelors-level degree, above national averages in even the most educated countries, but below the comparable gure of 86 percent for UHNW individuals overall. These gures suggest that while education may help a person become a UHNW individual, it is not a prerequisite to then go on and amass a billion dollar fortune.

Top 10 Universities by Number of Billionaire Alumni

TOTAL WEALTH OF BILLIONAIRE ALUMNI ($US billion)

RANK

UNIVERSITY

BILLIONAIRE ALUMNI POPULATION

NOTABLE BILLIONAIRE ALUMNUS

1 2 3 4 5 6

HARVARD UNIVERSITY UNIVERSITY OF PENNSYLVANIA STANFORD UNIVERSITY NEW YORK UNIVERSITY COLUMBIA UNIVERSITY MASSACHUSETTS INSTITUTE OF TECHNOLOGY

52 28 27 17 15 15

205 112 76 68 96 114

JORGE LEMANN RONALD PERELMAN SERGEY BRIN JOHN PAULSON S. ROBSON WALTON DAVID KOCH

7 8 9 10

CORNELL UNIVERSITY UNIVERSITY OF SOUTHERN CALIFORNIA YALE UNIVERSITY UNIVERSITY OF CAMBRIDGE

14 14 13 11

35 32 77 48

ROBERT ZIFF GEORGE LUCAS JR FORREST MARS JR DAVID THOMSON

25

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

REAL ESTATE

Real Estate Holdings of Billionaires

TOTAL (US$ billion)

AVERAGE PER BILLIONAIRE (US$ million)

REAL ESTATE

169

78

The total real estate holdings of the worlds billionaires are estimated to be US$169 billion, or an average of US$78 million per billionaire. The average billionaire owns four homes, with each one worth nearly US$20 million. Real estate holdings represent 2.6 percent of the average billionaires net worth. Despite popular notions of billionaires being jet-setting, cosmopolitan individuals, the report shows that most of them are still based in the same locations where they were raised.

The following shows the breakdown: 23 percent of all billionaires have the same home city as the city of their primary business 39 percent of all billionaires have the same home state as the state of their primary business 75 percent of all billionaires have the same home country as the country of their primary business. This last statistic varies widely depending on the country. Billionaire hotspots such as Singapore, Switzerland and Hong Kong have emerged as favoured destinations for the ultra rich. However, only 36, 34, and 25 percent of their billionaire populations respectively, grew up in these countries. Conversely, 86 percent of Chinese billionaires and 95 percent of Indian billionaires who currently have their primary business in China and India, respectively, also grew up there.

26

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

LUXURY

Luxury Holdings of Billionaires

TOTAL (US$ billion)

AVERAGE PER BILLIONAIRE (US$ million)

YACHTS PLANES ART OTHER* TOTAL

48 34 31 13 126

22 16 14 6 58

The total luxury holdings (excluding real estate) of the worlds billionaires is estimated to be US$126 billion, or an average of US$58 million per billionaire. Billionaires biggest luxury holding is yachts, followed by private jets, art, and other categories including antiques, fashion, jewellery, and collectable cars.

* Antiques, fashion, jewellery, and collectable cars

27

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

BILLIONAIRE CALENDAR

MONTH

EVENT

COUNTRY

January February March April May

Davos (World Economic Forum) Winter Olympics Dubai World Cup US Masters (Golf) Cannes Film Festival Monaco Grand Prix

Switzerland Russia Dubai US France Monaco Switzerland UK US US UK Australia Caribbean

June July August September October November December

Art Basel Switzerland Wimbledon Championships PGA Championships Clinton Global Initiative Frieze Art Fair London Melbourne Cup St Barts New Years Eve Celebrations

As the richest and most powerful group of people in the world, billionaires move in tight social circles. Many within this group of global elite congregate year after year at the worlds most exclusive events, usually known for their glamour, extravagance, political signicance, or all three. These range from the likes of the annual World Economic Forum at Davos, Switzerland, where wealthy business and political leaders meet to shape and improve the state of the world, right through to the yearly Cannes Film Festival, synonymous as a fabulous melting pot of the worlds glitterati.

Time and space are rarely boundaries for the worlds billionaires, many of whom have a private jet or two, a super yacht and other comfortable and speedy modes of transport, not to mention several homes dotted around the globe. As a result, billionaires will travel the circuit during busy times in the social calendar. Billionaire art collectors may for example, it from Hong Kongs art fair in May to the Venice Biennale at the start of June, to Switzerlands Art Basel, the week after.

28

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

BILLIONAIRE PASSIONS

Most Popular Passions

RANK

PASSIONS

PERCENTAGE OF ALL BILLIONAIRES

1 2 3 4 5

ART AVIATION REAL ESTATE TRAVELLING GOLF

4.9% 4.2% 3.7% 2.9% 2.3%

29

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

30

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

EUROPE

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

EUROPE

766

2,120

795

2,045

-3.6%

3.7%

Despite being the only region to suffer a fall in the population of billionaires, Europe remains home to the largest number of billionaires in the world.

The population of billionaires fell by over 3.5 percent, but total wealth still grew by 3.7 percent. Facilitated by easing market sentiment towards the Eurozone debt problems, the euro rose by over 3 percent against the dollar since the middle of last year and major European indices were up by over 10 percent (FTSE 100, DAX, CAC 40). Despite positive market sentiment, GDP in the region is still struggling to grow.

Eurozone GDP shrunk by 0.6 percent in 2012, according to the IMF, although it did record its rst growth in 18 months of 0.3 percent in Q2 2013. With 25 percent of European billionaires inheriting their fortunes, the notion of old money pervading Europe is well-founded. Europe is second only to Latin America when it comes to inherited wealth.

31

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

European Billionaire Population and Wealth

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2 3 4 5 6 7 8 9 9 11 12 13 14 15 15 15 18 19 19 19 22 22 22 25 25 25 28 28 28

GERMANY UNITED KINGDOM RUSSIA FRANCE SWITZERLAND TURKEY ITALY SPAIN AUSTRIA NETHERLANDS UKRAINE SWEDEN LUXEMBOURG DENMARK BELGIUM GREECE NORWAY LIECHTENSTEIN CZECH REPUBLIC POLAND PORTUGAL CYPRUS HUNGARY IRELAND GEORGIA ROMANIA SERBIA ALBANIA BULGARIA FINLAND EUROPE

148 135 108 64 61 39 29 22 20 20 18 14 13 10 9 9 9 6 5 5 5 3 3 3 2 2 2 1 1 1 766

432 420 342 202 128 57 97 74 50 53 49 57 24 14 13 16 22 15 11 6 9 11 4 4 2 3 2 1 1 2 2,120

32

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

EUROPE

TOTAL

SELF-MADE

INHERITANCE

INHERITANCE/ SELF-MADE

POPULATION TOTAL WEALTH (US$ billion) AVERAGE NET WORTH (US$ billion) LIQUIDITY (US$ billion) LIQUIDITY AS % OF NET WORTH AVERAGE AGE

766 2,120 2.8

441 1,253 2.8

187 428 2.3

138 439 3.2

287 14%

169 13%

49 12%

69 16%

60

60

60

64

Gender

83%
TOTAL

91%
SELF-MADE

17%
TOTAL

9%
SELF-MADE

65%
INHERITANCE

82%
INHERITANCE/ SELF-MADE MALE FEMALE

35%
INHERITANCE

18%
INHERITANCE/ SELF-MADE

Education - % with at Least a Bachelors -Level Degree

UHNW Social Graph (US$ billion)

59%
TOTAL

64%
SELF-MADE

TOTAL

4,099

SELF-MADE

3,453

48%
INHERITANCE

57%
INHERITANCE/ SELF-MADE

INHERITANCE

373

INHERITANCE/ SELF-MADE

273

33

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

Marital Status

84%
MARRIED

8%
DIVORCED

5%
SINGLE

2%
WIDOWED

1%
SEPARATED

Most Signicant Industries

1 2 3 4 5 6

FINANCE, BANKING, INVESTMENT TEXTILES, APPAREL AND LUXURY GOODS NON-PROFIT AND SOCIAL ORGANIZATIONS MANUFACTURING INDUSTRIAL CONGLOMERATES FOOD PRODUCTS

17% 10% 9% 8% 5% 5%

34

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Top 10 Countries by the Number of Billionaires Per Capita

RANK

COUNTRY

BILLIONAIRES PER MILLION PEOPLE

1 2 3 4 5 6 7 8 9 10

LUXEMBOURG HONG KONG SWITZERLAND SINGAPORE KUWAIT QATAR UNITED ARAB EMIRATES AUSTRIA SAUDI ARABIA UNITED KINGDOM

24.2 10.5 7.6 5.1 4.7 4.7 4.5 2.4 2.2 2.1

Luxembourg has twice as many billionaires per capita as any other country in the world due to its low tax environment and small population. Switzerland has the 10th largest billionaire population and the third largest billionaire population per capita in the world. The top 8 countries are all small business-friendly countries with a population below 10 million.

Top 10 Countries by the Proportion of Female Billionaires

34 percent of billionaires in Switzerland are women, the highest of all the featured focus countries and the second highest in the world.

RANK

COUNTRY

% OF BILLIONAIRES WHO ARE FEMALE

1 2 3 4 5 6 7 8 9 10

NETHERLANDS SWITZERLAND SPAIN CHILE SWEDEN TURKEY ITALY QATAR GERMANY AUSTRIA

34% 34% 31% 30% 28% 25% 22% 20% 19% 18%

35

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: GERMANY

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

GERMANY

148

432

137

426

8.0%

1.4%

The growth of Germanys billionaires represents strong demand for Europes largest economy and the movement of the super wealthy to the Eurozone core, away from the fringes. The largest number of European billionaires, 148, are based in Germany. The country also has the third largest number of billionaires in the world. Despite being placed in third position for the number of billionaires globally, the total wealth of German billionaires is higher than that of second-placed China at US$432 billion.

Forty six percent of German billionaires inherited their fortunes, the highest of all focus countries featured. Only 33 percent are self-made. For German billionaires, manufacturing is the most signicant industry.

Germany Facts
AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 15% 2.9

36

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

33%
SELF-MADE

21%
INHERITED/ SELF-MADE

46%
INHERITED

Average Age / Gender

Education - % with at Least a Bachelors-Level Degree

66
YEARS

81%

71%
19%
MALE FEMALE

Most Signicant Industries

1 2 3

MANUFACTURING FOOD PRODUCTS MEDIA

11% 7% 6%

37

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: SWITZERLAND

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

SWITZERLAND

61

128

57

125

7.0%

2.4%

Switzerland maintains its status as a safe haven for the worlds wealthiest, as the billionaire population has increased by 7 percent. Switzerland has the lowest proportion of self-made billionaires, 31 percent, of all focus countries in the report.

Switzerland Facts
2.1

AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH

13%

38

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

31%
SELF-MADE

33%
INHERITED/ SELF-MADE

36%
INHERITED

Average Age/ Gender

Education - % with at at Least a Bachelors-Level Degree

63
YEARS

67% 33%

76%

MALE

FEMALE

Most Signicant Industries

1 2 3

MANUFACTURING NON-PROFIT AND SOCIAL ORGANIZATIONS TEXTILES, APPARELS AND LUXURY GOODS

8% 8% 5%

39

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

40

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

NORTH AMERICA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

NORTH AMERICA

552

2,158

541

2,108

2.0%

2.4%

The North American billionaire population grew by 2 percent and its total wealth grew by 2.4 percent, the slowest growth of all regions apart from Europe.

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2

UNITED STATES CANADA NORTH AMERICA

515 37 552

2,064 94 2,158

The three-speed global economy referred to by Christine Lagarde, Managing Director of the International Monetary Fund, in April 2013 is being mirrored for billionaires: Europe is struggling to grow, North America is growing slowly and the emerging markets are powering ahead. North America is home to the most valuable social graph in the world, where the value of billionaires UHNW Social Graph is US$7.4 trillion.

41

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: UNITED STATES

The combined net worth of billionaires in the US is over US$2 trillion. The US accounts for 34 percent of the combined net worth of the worlds billionaires. The S&P 500 climbed 17 percent between July 2012 and June 2013 and has since hit record highs as the US continues a stronger recovery from the global nancial crisis than any other Western economy.

United States Facts

AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 25% 4.0

42

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

68%
SELF-MADE

10%
INHERITED/ SELF-MADE

22%
INHERITED

Average Age/ Gender

Education - % with at at Least a Bachelors-Level Degree

67
YEARS

88%

80%
12%
MALE FEMALE

Most Signicant Industries

1 2 3

FINANCE, BANKING AND INVESTMENTS TEXTILES, APPARELS AND LUXURY GOODS FOOD PRODUCTS

13% 6% 6%

43

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: CANADA

There are 37 billionaires in Canada who are worth a combined US$94 billion, less than 5 percent of the total wealth of billionaires in the US. Canada has the same number of billionaires as the United Arab Emirates, but the total wealth is twice as high, with US$94 billion compared to US$45 billion.

Canada Facts
AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 17% 2.5

44

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

67%
SELF-MADE

13%
INHERITED/ SELF-MADE

20%
INHERITED

Average Age/ Gender

Education - % with at Least a Bachelors-Level Degree

66
YEARS

87%

76%
13%
MALE FEMALE

Most Signicant Industries

1 2 3

FINANCE, BANKING AND INVESTMENTS FOOD PRODUCTS TEXTILES, APPARELS & LUXURY GOODS

15% 9% 8%

45

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

46

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

ASIA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

ASIA

508

1,188

490

1,052

3.7%

12.9%

Asia is where the largest number of newly-minted billionaires are based; since July 2012, there have been 18 new billionaires created in Asia with a total wealth of US$136 billion.
Since July 2012, the increase in the net worth of Asian billionaires has more than doubled that of North American billionaires. Although the overall basket of Asian currencies is up slightly against the US dollar in the last year, the Yen has lost 20 percent of its value, helping explain the surprisingly low number of Japanese billionaires. Five of the top ten countries with the highest percentage of self-made billionaires are from Asia.

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 14

CHINA INDIA HONG KONG JAPAN SINGAPORE TAIWAN INDONESIA SOUTH KOREA PHILIPPINES MALAYSIA THAILAND KAZAKHSTAN PAKISTAN MYANMAR VIETNAM ASIA

157 103 75 33 27 25 23 23 13 10 10 5 2 1 1 508

384 180 224 77 64 50 47 48 35 37 25 12 3 1 1 1,188

47

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

ASIA

TOTAL

SELF-MADE

INHERITANCE

INHERITANCE/ SELF-MADE

POPULATION TOTAL WEALTH (US$ billion) AVERAGE NET WORTH (US$ billion) LIQUIDITY (US$ billion) LIQUIDITY AS % OF NET WORTH AVERAGE AGE

508 1,188 2.3

329 726 2.2

63 162 2.6

116 300 2.6

189 16%

92 13%

35 22%

58 19%

62

61

58

65

Gender

92%
TOTAL

95%
SELF-MADE

8%
TOTAL

5%
SELF-MADE

73%
INHERITANCE

94%
INHERITANCE/ SELF-MADE MALE FEMALE

27%
INHERITANCE

6%
INHERITANCE/ SELF-MADE

Education - % with at Least a BachelorsLevel Degree

UHNW Social Graph (US$ billion)

66%
TOTAL

62%
SELF-MADE

TOTAL

3,561

SELF-MADE

2,096

75%
INHERITANCE

71%
INHERITANCE/ SELF-MADE

INHERITANCE

503

INHERITANCE/ SELF-MADE

961

48

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Marital Status

93%
MARRIED

3%
DIVORCED

1%
SINGLE

3%
WIDOWED

0%
SEPARATED

Most Signicant Industries

1 2 3 4 5 6

INDUSTRIAL CONGLOMERATES REAL ESTATE FINANCE, BANKING AND INVESTMENT MANUFACTURING FOOD PRODUCTS TEXTILES, APPAREL AND LUXURY GOODS

18% 14% 13% 9% 4% 4%

49

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: CHINA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

CHINA

157

384

147

380

6.8%

1.1%

Top 10 Countries by the Proportion of Billionaires who are Self-Made Chinas billionaire population has increased by 7 percent and the total wealth of billionaires has risen by 1 percent. China has the second largest billionaire population at 157, trailing the US. China boasts the highest percentage of self-made billionaires of any country at 89 percent. Real estate is the second most popular industry for Chinese billionaires. However, the threat of a real estate bubble in China could have a negative impact on Chinese billionaires in the future.

RANK

COUNTRY

% BILLIONAIRES WHO ARE SELF-MADE

1 2 3 4 5 6 7 8 9 10

CHINA MALAYSIA KAZAKHSTAN AUSTRIA DENMARK PHILIPPINES UNITED KINGDOM TAIWAN UNITED STATES NORWAY

89% 80% 80% 70% 70% 69% 69% 68% 68% 67%

China Facts
AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 10% 2.4

50

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

89%
SELF-MADE

6%
INHERITED/ SELF-MADE

5%
INHERITED

Average Age/ Gender

Education - % with at Least Bachelors-Level Degree

53
YEARS

91%

58%
9%
MALE FEMALE

Most Signicant Industries

1 2 3

INDUSTRIAL CONGLOMERATES REAL ESTATE FINANCE, BANKING AND INVESTMENT

10% 6% 6%

51

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: INDIA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

INDIA

103

180

109

190

-5.5%

-5.3%

Indias billionaire population has decreased by 5.5 percent and the total billionaire wealth has fallen by US$10 billion. India has the sixth largest billionaire population in the world, narrowly behind Russia. The majority of Indian billionaires are college-educated, with 72 percent possessing at least a bachelors degree (Switzerland and the US are the only other two focus countries that have a higher proportion of university-educated billionaires.)

India is one of the few countries where nance, banking and investments is not one of the most signicant industries. Instead, industrial conglomerates and pharmaceuticals are the rst and second most signicant industries for Indian billionaires. Only 3 percent of Indian billionaires are female, the joint lowest representation of any focus country featured in this report.

India Facts
AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 11% 1.7

52

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

47%
SELF-MADE

34%
INHERITED/ SELF-MADE

19%
INHERITED

Average Age/ Gender

Education - % with at Least a Bachelors-Level Degree

63
YEARS

97%

72%
3%
MALE FEMALE

Most Signicant Industries

1 2 3

INDUSTRIAL CONGLOMERATES PHARMACEUTICALS REAL ESTATE

17% 13% 8%

53

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: HONG KONG

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

HONG KONG

75

224

73

209

2.7%

7.2%

Hong Kong is ranked the worlds seventh most populous billionaire country, ahead of France, Saudi Arabia and Switzerland but behind its Asian neighbors China and India. It, however, has the second highest ranking of billionaires per capita, behind Luxembourg. Only 25 percent of all billionaires in Hong Kong today grew up in the country, with the majority (60 percent) originally coming from China.

Only 20 percent of Hong Kongs billionaires are self-made individuals, one of the lowest ratios in the world, as compared to 89 percent for its neighbour China.

Hong Kong Facts

AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 23% 3.0

54

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

20%
SELF-MADE

43%
INHERITED/ SELF-MADE

37%
INHERITED

Average Age/ Gender

Education - % with at Least a Bachelors-Level Degree

64
YEARS

85%

79%
15%
MALE FEMALE

Most Signicant Industries

1 2 3

REAL ESTATE INDUSTRIAL CONGLOMERATES FINANCE, BANKING & INVESTMENTS

27% 17% 12%

55

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

56

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

MIDDLE EAST

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

MIDDLE EAST

157

354

152

315

3.3%

12.4%

Billionaire wealth in the Middle East grew as a result of strong equity and commodity markets.
Middle Eastern billionaires are big spenders; the average value of real estate, yachts, and private planes that they own is the highest in the world. Lack of education does not appear to be a barrier for Middle Eastern billionaires; only 49 percent have a degree, which is the lowest gure for all regions.

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2 3 3 5 6 7 8 8 8

SAUDI ARABIA UNITED ARAB EMIRATES ISRAEL KUWAIT QATAR LEBANON JORDAN ARMENIA BAHRAIN YEMEN MIDDLE EAST

64 37 17 17 9 8 2 1 1 1 157

204 45 29 34 20 14 3 2 2 1 354

57

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

MIDDLE EAST

TOTAL

SELF-MADE

INHERITANCE

INHERITANCE/ SELF-MADE

POPULATION TOTAL WEALTH (US$ billion) AVERAGE NET WORTH (US$ billion) LIQUIDITY (US$ billion) LIQUIDITY AS % OF NET WORTH AVERAGE AGE

157 354 2.3

74 148 2.0

24 49 2.0

59 157 2.7

51 14%

30 20%

6 13%

15 10%

61

64

53

61

Gender

94%
TOTAL

100%
SELF-MADE

6%
TOTAL

0%
SELF-MADE

75%
INHERITANCE

95%
INHERITANCE/ SELF-MADE

25%
INHERITANCE

5%
INHERITANCE/ SELF-MADE

MALE

FEMALE

Education - % with at Least a BachelorsLevel Degree

UHNW Social Graph (US$ billion)

49%
TOTAL

50%
SELF-MADE

TOTAL

754

SELF-MADE

334

58%
INHERITANCE

44%
INHERITANCE/ SELF-MADE

INHERITANCE

190

INHERITANCE/ SELF-MADE

230

58

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Marital Status

93%
MARRIED

1%
DIVORCED

5%
SINGLE

1%
WIDOWED

0%
SEPARATED

Most Signicant Industries

1 2 3 4 5 6

FINANCE, BANKING AND INVESTMENT INDUSTRIAL CONGLOMERATES NON-PROFIT AND SOCIAL ORGANIZATIONS REAL ESTATE TEXTILES, APPAREL AND LUXURY GOODS CONSTRUCTION AND ENGINEERING

18% 16% 12% 8% 7% 7%

59

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: SAUDI ARABIA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

SAUDI ARABIA

64

204

60

174

6.7%

17.2%

Saudi Arabia is the country with the largest number of billionaires in the Middle East, at 64. The total wealth of Saudi billionaires comprises more than half of the combined net worth of the billionaires in the Middle East. Sixty-six per cent of Saudi billionaires have derived their wealth from inheritancerelated fortunes (inherited and inherited/ self-made).

Saudi Arabia Facts

AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 9% 3.2

60

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

34%
SELF-MADE

44%
INHERITED/ SELF-MADE

22%
INHERITED

Average Age/ Gender

Education - % with at Least a Bachelors-Level Degree

YEARS

64

95%

34%
5%
MALE FEMALE

Most Signicant Industries

1 2 3

INDUSTRIAL CONGLOMERATES
FINANCE, BANKING AND INVESTMENT NON-PROFIT AND SOCIAL ORGANIZATIONS

15% 12% 8%

61

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: UNITED ARAB EMIRATES

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

UNITED ARAB EMIRATES

37

45

35

40

5.7%

12.5%

The United Arab Emirates has the second largest billionaire population in the Middle East. Finance, banking, investment and real estate, not oil & gas, are the most signicant industries in the United Arab Emirates. Billionaire wealth in the United Arab Emirates has been supported by strong domestic equities the Abu Dhabi Index is up over 40 percent since July 2012.

United Arab Emirates Facts

AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH

1.2

14%

62

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

48%
SELF-MADE

41%
INHERITED/ SELF-MADE

11%
INHERITED

Average Ag/ Gender

Education - % with at Least a Bachelors-Level Degree

57
YEARS

97%

46%
3%
MALE FEMALE

Most Signicant Industries

1 2 3

FINANCE, BANKING AND INVESTMENT REAL ESTATE MANUFACTURING

19% 11% 5%

63

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

64

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

LATIN AMERICA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

LATIN AMERICA

111

496

108

485

2.8%

2.3%

Latin American billionaires have a collective net worth of almost US$500 billion. The region is home to one of the worlds wealthiest men, Carlos Slim, whose net worth makes up almost 15 percent of the entire region.
Female billionaire representation in Latin America is second only to Europe, with 14 percent of all Latin American billionaires being women. Thirty-two per cent of Latin American billionaires are self-made, and 68 percent have derived their wealth from inheritance-related fortunes. Latin America has the lowest percentage of selfmade billionaires in any region.

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2 3 4 5 6 7 7 9 9 9 9

BRAZIL
MEXICO CHILE ARGENTINA BERMUDA PERU COLOMBIA VENEZUELA BRITISH VIRGIN ISLANDS CAYMAN ISLANDS ECUADOR NICARAGUA LATIN AMERICA

50
22 17 7 4 3 2 2 1 1 1 1 111

259
137 40 15 13 5 16 5 1 2 1 2 496

65

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

LATIN AMERICA

TOTAL

SELF-MADE

INHERITANCE

INHERITANCE/ SELF-MADE

POPULATION TOTAL WEALTH (US$ billion) AVERAGE NET WORTH (US$ billion) LIQUIDITY (US$ billion) LIQUIDITY AS % OF NET WORTH AVERAGE AGE

111 496 4.5

37 255 6.9

40 116 2.9

34 125 3.7

70 14%

31 12%

18 16%

21 17%

64

67

60

65

Gender

85%
TOTAL

92%
SELF-MADE

15%
TOTAL

8%
SELF-MADE

72%
INHERITANCE

94%
INHERITANCE/ SELF-MADE MALE FEMALE

28%
INHERITANCE

6%
INHERITANCE/ SELF-MADE

Education - % with at Least a Bachelors -Level Degree

UHNW Social Graph (US$ billion)

68%
TOTAL

68%
SELF-MADE

TOTAL

665

SELF-MADE

242

58%
INHERITANCE

79%
INHERITANCE/ SELF-MADE

INHERITANCE

195

INHERITANCE/ SELF-MADE

228

66

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Marital Status

78%
MARRIED

11%
DIVORCED

2%
SINGLE

8%
WIDOWED

1%
SEPARATED

Most Signicant Industries

1 2 3 4 5 6

FINANCE, BANKING AND INVESTMENT INDUSTRIAL CONGLOMERATES FOOD PRODUCTS MEDIA BEVERAGES METALS AND MINING

28% 11% 10% 7% 6% 5%

67

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: BRAZIL

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

BRAZIL

50

259

49

300

2.0%

-13.7%

Top 10 Countries By Average Billionaire Wealth Brazil has the largest billionaire population in Latin America. These billionaires have a combined net worth that makes up half of the total wealth of billionaires in Latin America. The average net worth of billionaires is the second highest in the world, behind only Mexico (of which Carlos Slim accounts for nearly half). Eike Batista accounts for approximately half of the total loss in wealth of Brazilian billionaires in the past year. Having once boasted that he would be the richest man in the world, his wealth has declined by over US$20 billion.

RANK

COUNTRY

AVERAGE WEALTH (US$ billion)

1 2 3 4 5 6 7 8 9 10

MEXICO BRAZIL SWEDEN UNITED STATES MALAYSIA SPAIN ITALY SOUTH AFRICA SAUDI ARABIA RUSSIA

6.2 5.2 4.1 4.0 3.7 3.4 3.3 3.3 3.2 3.2

Brazil Facts
5.2

AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH

17%

68

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

38%
SELF-MADE

32%
INHERITED/ SELF-MADE

30%
INHERITED

Average Age/ Gender

Education - % with at Least a Bachelors-Level Degree

64
YEARS

90%

54%
10%
MALE FEMALE

Most Signicant Industries

1 2 3

FINANCE, BANKING AND INVESTMENT INDUSTRIAL CONGLOMERATES MEDIA

31% 8% 8%

69

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

70

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

AFRICA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

AFRICA

42

101

41

91

2.4%

11.0%

A strong double digit increase in the total wealth of African billionaires was due to bullish equity and commodity markets
Although Egypt has the largest number of billionaires in the region, the average net worth of South African billionaires is nearly double that of Egyptian billionaires, at US$3.3 billion, as compared to US$1.7 billion.

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2 3 4 5 5 5

EGYPT SOUTH AFRICA NIGERIA MOROCCO KENYA TUNISIA ANGOLA AFRICA

19 9 7 4 1 1 1 42

32 30 20 10 1 7 1 101

71

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

AFRICA

TOTAL

SELF-MADE

INHERITANCE

INHERITANCE/ SELF-MADE

POPULATION TOTAL WEALTH (US$ billion) AVERAGE NET WORTH (US$ billion) LIQUIDITY (US$ billion) LIQUIDITY AS % OF NET WORTH AVERAGE AGE

42 101 2.4

20 48 2.4

6 11 1.8

16 42 2.6

18 17%

7 15%

1 9%

9 23%

62

61

58

65

Gender

93%
TOTAL

90%
SELF-MADE

7%
TOTAL

10%
SELF-MADE

83%
INHERITANCE

100%
INHERITANCE/ SELF-MADE MALE FEMALE

17%
INHERITANCE

0%
INHERITANCE/ SELF-MADE

Education - % with at least a BachelorsLevel Degree

UHNW Social Graph (US$ billion)

76%
TOTAL

75%
SELF-MADE

TOTAL

55

SELF-MADE

25

50%
INHERITANCE

88%
INHERITANCE/ SELF-MADE

INHERITANCE

INHERITANCE/ SELF-MADE

27

72

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Marital Status

95%
MARRIED

0%
DIVORCED

0%
SINGLE

5%
WIDOWED

0%
SEPARATED

Most Signicant Industries

1 2 3 4 5 6

FINANCE, BANKING AND INVESTMENT INDUSTRIAL CONGLOMERATES REAL ESTATE NON-PROFIT AND SOCIAL ORGANIZATIONS CONSTRUCTION AND ENGINEERING OIL, GAS AND CONSUMABLE FUELS

19% 12% 12% 10% 7% 7%

73

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

FOCUS COUNTRY: SOUTH AFRICA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

BILLIONAIRE POPULATION

TOTAL WEALTH US$ billion

POPULATION CHANGE %

TOTAL WEALTH CHANGE %

SOUTH AFRICA

30

25

12.5%

20.0%

South Africa accounts for 30 percent of the regions total billionaire wealth. South Africa boasts a larger UHNW population than Egypt, but South African billionaires number less than half of the billionaires in Egypt.

South Africa Facts

AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 27% 3.3

74

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Wealth Source

45%
SELF-MADE

33%
INHERITED/ SELF-MADE

22%
INHERITED

Average Age/ Gender

Education - % with at Least a Bachelors-Level Degree

63
YEARS

89%

11%
MALE FEMALE

56%

Most Signicant Industries

1 2 3

FINANCE, BANKING AND INVESTMENT METALS & MINING REAL ESTATE

22% 22% 11%

75

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

76

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

OCEANIA

2013

2012

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

BILLIONAIRE POPULATION

TOTAL WEALTH (US$ billion)

POPULATION CHANGE %

TOTAL WEALTH CHANGE%

OCEANIA

34

99

33

94

3.0%

5.3%

Oceania has the smallest concentration of billionaires and billionaire wealth in the world, at 34 and US$99 billion respectively.
Only 9 percent of billionaires in Oceania inherited their fortunes, the lowest percentage of all regions. The region is home to the largest proportion of unmarried billionaires.

RANK

COUNTRY

BILLIONAIRE POPULATION

TOTAL NET WORTH (US$ billion)

1 2

AUSTRALIA NEW ZEALAND OCEANIA

32 2 34

92 7 99

Australia Facts
AVERAGE BILLIONAIRE NET WORTH (US$ billion) LIQUIDITY AS % OF NET WORTH 2.9

14%

77

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

OCEANIA

TOTAL

SELF-MADE

INHERITANCE

INHERITANCE/ SELF-MADE

POPULATION TOTAL WEALTH (US$ billion) AVERAGE NET WORTH (US$ billion) LIQUIDITY (US$ billion) LIQUIDITY AS % OF NET WORTH AVERAGE AGE

34 99 2.9

22 43 2.0

3 7 2.3

9 49 5.4

15 15%

9 21%

1 19%

5 10%

64

67

53

61

Gender

88%
TOTAL

91%
SELF-MADE

12%
TOTAL

9%
SELF-MADE

67%
INHERITANCE

89%
INHERITANCE/ SELF-MADE MALE FEMALE

33%
INHERITANCE

11%
INHERITANCE/ SELF-MADE

Education - % with at Least a BachelorsLevel Degree

UHNW Social Graph (US$ billion)

53%
TOTAL

55%
SELF-MADE

TOTAL

153

SELF-MADE

59

33%
INHERITANCE

56%
INHERITANCE/ SELF-MADE

INHERITANCE

14

INHERITANCE/ SELF-MADE

80

78

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

Marital Status

85%
MARRIED

3%
DIVORCED

6%
SINGLE

3%
WIDOWED

3%
SEPARATED

Most Signicant Industries

1 2 3 4 5

FINANCE, BANKING AND INVESTMENT CONSTRUCTION AND ENGINEERING FOOD PRODUCTS INDUSTRIAL CONGLOMERATES METALS AND MINING

15% 9% 6% 6% 6%

79

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

METHODOLOGY
Billionaires are dened as individuals with a net worth of at least US$1 billion (after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate). Demi-billionaires are dened as individuals with a net worth of between US$500 and US$999 million. Billionaires whose wealth source is labelled as inheritance/self-made refers to those whose initial fortunes are derived from inheritance, but have proceeded to create wealth on their own. UHNW philanthropy includes all major gifts (dened as gifts worth US$1 million and above) and excludes future pledges.

80

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

ABOUT WEALTH-X Wealth-X is the global ultra high net worth (UHNW) prospecting, intelligence and wealth due diligence rm. We work with private banks, leading educational institutions, not-for-prot organisations and luxury brands. Headquartered in Singapore, the company has offices in Beirut, Budapest, Guangzhou, Hong Kong, Kuala Lumpur, London, Lugano, Madrid, Mexico City, Mumbai, New York and Sydney.

CONNECT WITH US
AMERICAS NORTH ASIA AUSTRALIA AND NEW ZEALAND

[email protected]
EUROPE

[email protected]
INDIA

[email protected]

[email protected]

[email protected]
SOUTHEAST ASIA

MIDDLE EAST AND AFRICA

[email protected]

[email protected]

For more information, contact [email protected]

https://www.facebook.com/wealthx

http://www.linkedin.com/company/wealth-x

https://twitter.com/wealthx

81

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

APPENDIX A: GLOBAL COUNTRY LIST

GLOBAL RANK

BILLIONAIRE COUNTRY

REGION

2013 BILLIONAIRE POPULATION

2013 BILLIONAIRE WEALTH

GLOBAL 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 UNITED STATES CHINA GERMANY UNITED KINGDOM RUSSIA INDIA HONG KONG FRANCE SAUDI ARABIA SWITZERLAND BRAZIL TURKEY CANADA UNITED ARAB EMIRATES JAPAN AUSTRALIA ITALY SINGAPORE TAIWAN INDONESIA SOUTH KOREA MEXICO SPAIN AUSTRIA NETHERLANDS EGYPT UKRAINE CHILE ISRAEL KUWAIT SWEDEN LUXEMBOURG PHILIPPINES DENMARK MALAYSIA THAILAND BELGIUM GREECE NORWAY QATAR

GLOBAL NORTH AMERICA ASIA EUROPE EUROPE EUROPE ASIA ASIA EUROPE MIDDLE EAST EUROPE LATIN AMERICA EUROPE NORTH AMERICA MIDDLE EAST ASIA OCEANIA EUROPE ASIA ASIA ASIA ASIA LATIN AMERICA EUROPE EUROPE EUROPE AFRICA EUROPE LATIN AMERICA MIDDLE EAST MIDDLE EAST EUROPE EUROPE ASIA EUROPE ASIA ASIA EUROPE EUROPE EUROPE MIDDLE EAST

2,170 515 157 148 135 108 103 75 64 64 61 50 39 37 37 33 32 29 27 25 23 23 22 22 20 20 19 18 17 17 17 14 13 13 10 10 10 9 9 9 9

6,516 2,064 384 432 420 342 180 224 202 204 128 259 57 94 45 77 92 97 64 50 47 48 137 74 50 53 32 49 40 29 34 57 24 35 14 37 25 13 16 22 20

82

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

GLOBAL RANK

BILLIONAIRE COUNTRY

REGION

2013 BILLIONAIRE POPULATION

2013 BILLIONAIRE WEALTH

41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78

SOUTH AFRICA LEBANON ARGENTINA NIGERIA LIECHTENSTEIN CZECH REPUBLIC KAZAKHSTAN POLAND PORTUGAL BERMUDA MOROCCO CYPRUS HUNGARY PERU REPUBLIC OF IRELAND COLOMBIA GEORGIA JORDAN NEW ZEALAND PAKISTAN ROMANIA SERBIA VENEZUELA ALBANIA ANGOLA ARMENIA BAHRAIN BRITISH VIRGIN ISLANDS BULGARIA CAYMAN ISLANDS ECUADOR FINLAND KENYA MYANMAR NICARAGUA TUNISIA VIETNAM YEMEN

AFRICA MIDDLE EAST LATIN AMERICA AFRICA EUROPE EUROPE ASIA EUROPE EUROPE LATIN AMERICA AFRICA EUROPE EUROPE LATIN AMERICA EUROPE LATIN AMERICA EUROPE MIDDLE EAST OCEANIA ASIA EUROPE EUROPE LATIN AMERICA EUROPE AFRICA MIDDLE EAST MIDDLE EAST LATIN AMERICA EUROPE LATIN AMERICA LATIN AMERICA EUROPE AFRICA ASIA LATIN AMERICA AFRICA ASIA MIDDLE EAST

9 8 7 7 6 5 5 5 5 4 4 3 3 3 3 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

30 14 15 20 15 11 12 6 9 13 10 11 4 5 4 16 2 3 7 3 3 2 5 1 1 2 2 1 1 2 1 2 1 1 2 7 1 1

83

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

APPENDIX B: WORLD

WORLD

BILLIONAIRE POPULATION BILLIONAIRE NET WORTH (US$ BILLION) AVERAGE BILLIONAIRE NET WORTH (US$ BILLION) TOTAL VALUE OF LIQUIDITY (US$ BILLION) LIQUIDITY AS % OF NET WORTH % SELF-MADE % INHERITED/SELF-MADE % INHERITED AVERAGE AGE (YEARS) MALE % FEMALE % MOST SIGNIFICANT INDUSTRY

2,170 6,516

3.0

1,157

18% 60% 20% 20% 62 87% 13% FINANCE, BANKING AND INVESTMENT (18%)

2ND MOST SIGNIFICANT INDUSTRY

INDUSTRIAL CONGLOMERATES (9%)

3RD MOST SIGNIFICANT INDUSTRY

REAL ESTATE (7%)

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

68%

84

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

APPENDIX C: EUROPE

EUROPE

GERMANY

SWITZERLAND

BILLIONAIRE POPULATION BILLIONAIRE NET WORTH (US$ BILLION) AVERAGE BILLIONAIRE NET WORTH (US$ BILLION) TOTAL VALUE OF LIQUIDITY (US$ BILLION) LIQUIDITY AS % OF NET WORTH % SELF-MADE % INHERITED/SELF-MADE % INHERITED AVERAGE AGE (YEARS) MALE % FEMALE % MOST SIGNIFICANT INDUSTRY

766 2120

148 432

61 128

2.8

2.9

2.1

287

65

13

14% 58% 18% 24% 60 83% 17% FINANCE, BANKING AND INVESTMENT (17%)

15% 33% 21% 46% 66 81% 19% MANUFACTURING (11%)

10% 31% 33% 36% 63 67% 33% MANUFACTURING (8%)

2ND MOST SIGNIFICANT INDUSTRY

TEXTILES, APPAREL AND LUXURY GOODS (10%)

FOOD PRODUCTS (7%)

NON-PROFIT AND SOCIAL ORGANIZATIONS (8%)

3RD MOST SIGNIFICANT INDUSTRY

NON-PROFIT AND SOCIAL ORGANIZATIONS (9%)

MEDIA (6%)

TEXTILES, APPAREL AND LUXURY GOODS (5%)

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

59%

71%

77%

85

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

APPENDIX D: NORTH AMERICA

NORTH AMERICA

UNITED STATES

CANADA

BILLIONAIRE POPULATION BILLIONAIRE NET WORTH (US$ BILLION) AVERAGE BILLIONAIRE NET WORTH (US$ BILLION) TOTAL VALUE OF LIQUIDITY (US$ BILLION) LIQUIDITY AS % OF NET WORTH % SELF-MADE % INHERITED/SELF-MADE % INHERITED AVERAGE AGE (YEARS) MALE % FEMALE % MOST SIGNIFICANT INDUSTRY

552 2,158

515 2,064

37 94

3.9

4.0

2.5

527

511

16

24% 68% 11% 21% 67 88% 12% FINANCE, BANKING AND INVESTMENT (13%)

25% 68% 10% 22% 67 88% 12% FINANCE, BANKING AND INVESTMENT (13%) TEXTILES, APPAREL AND LUXURY GOODS (6%)

17% 67% 13% 20% 66 87% 13% FINANCE, BANKING AND INVESTMENT (15%) FOOD PRODUCTS (9%)

2ND MOST SIGNIFICANT INDUSTRY

FOOD PRODUCTS (6%)

3RD MOST SIGNIFICANT INDUSTRY

TEXTILES, APPAREL AND LUXURY GOODS 6%)

FOOD PRODUCTS (6%)

TEXTILES, APPAREL AND LUXURY GOODS (8%)

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

80%

80%

76%

86

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

APPENDIX E: ASIA

ASIA

CHINA

INDIA

HONG KONG

BILLIONAIRE POPULATION

508

157

103

75

BILLIONAIRE NET WORTH (US$ BILLION)

1188

384

180

224

AVERAGE BILLIONAIRE NET WORTH (US$ BILLION)

2.3

2.4

1.7

3.0

TOTAL VALUE OF LIQUIDITY (US$ BILLION)

189

37

20

23

LIQUIDITY AS % OF NET WORTH

16%

10%

11%

23%

% SELF-MADE

65%

89%

47%

20%

% INHERITED/SELF-MADE

23%

6%

34%

43%

% INHERITED

12%

5%

19%

37%

AVERAGE AGE (YEARS)

62

53

63

64

MALE %

92%

91%

97%

85%

FEMALE %

8%

9%

3%

15%

MOST SIGNIFICANT INDUSTRY

INDUSTRIAL CONGLOMERATES (18%)

INDUSTRIAL CONGLOMERATES (10%)

INDUSTRIAL CONGLOMERATES (17%)

REAL ESTATE (27%)

2ND MOST SIGNIFICANT INDUSTRY

REAL ESTATE (14%)

REAL ESTATE (6%)

PHARMACEUTICALS (13%)

INDUSTRIAL CONGLOMERATES (17%)

3RD MOST SIGNIFICANT INDUSTRY

FINANCE, BANKING AND INVESTMENT (13%)

FINANCE, BANKING AND INVESTMENT (6%)

REAL ESTATE (8%)

FINANCE, BANKING AND INVESTMENT (12%)

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

66%

58%

72% 79%

87

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

APPENDIX F: MIDDLE EAST

MIDDLE EAST

SAUDI ARABIA

UNITED ARAB EMIRATES

BILLIONAIRE POPULATION BILLIONAIRE NET WORTH (US$ BILLION) AVERAGE BILLIONAIRE NET WORTH (US$ BILLION) TOTAL VALUE OF LIQUIDITY (US$ BILLION) LIQUIDITY AS % OF NET WORTH % SELF-MADE % INHERITED/SELF-MADE % INHERITED AVERAGE AGE (YEARS) MALE % FEMALE % MOST SIGNIFICANT INDUSTRY

157 354

64 204

37 45

2.3

3.2

1.2

51

18

14% 47% 38% 15% 61 94% 6% FINANCE, BANKING AND INVESTMENT (18%)

9% 34% 44% 22% 64 95% 5% INDUSTRIAL CONGLOMERATES (15%) FINANCE, BANKING AND INVESTMENT (12%)

14% 48% 41% 11% 57 97% 3% FINANCE, BANKING AND INVESTMENT (19%) REAL ESTATE (11%)

2ND MOST SIGNIFICANT INDUSTRY

INDUSTRIAL CONGLOMERATES (16%)

3RD MOST SIGNIFICANT INDUSTRY

NON-PROFIT AND SOCIAL ORGANIZATIONS (12%)

NON-PROFIT AND SOCIAL MANUFACTURING (5%) ORGANIZATIONS (8%) 34% 46%

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

49%

88

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

APPENDIX G: LATIN AMERICA

LATIN AMERICA

BRAZIL

BILLIONAIRE POPULATION BILLIONAIRE NET WORTH (US$ BILLION) AVERAGE BILLIONAIRE NET WORTH (US$ BILLION) TOTAL VALUE OF LIQUIDITY (US$ BILLION) LIQUIDITY AS % OF NET WORTH % SELF-MADE % INHERITED/SELF-MADE % INHERITED AVERAGE AGE (YEARS) MALE % FEMALE % MOST SIGNIFICANT INDUSTRY

111 496

50 259

4.5

5.2

70

43

14% 33% 31% 36% 64 85% 15% FINANCE, BANKING AND INVESTMENT (28%) INDUSTRIAL CONGLOMERATES (11%) FOOD PRODUCTS (10%)

17% 38% 32% 30% 64 90% 10% FINANCE, BANKING AND INVESTMENT (31%) INDUSTRIAL CONGLOMERATES (8%)

2ND MOST SIGNIFICANT INDUSTRY

3RD MOST SIGNIFICANT INDUSTRY

MEDIA (8%)

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

68%

52%

89

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

APPENDIX H: AFRICA

AFRICA

SOUTH AFRICA

BILLIONAIRE POPULATION BILLIONAIRE NET WORTH (US$ BILLION) AVERAGE BILLIONAIRE NET WORTH (US$ BILLION) TOTAL VALUE OF LIQUIDITY (US$ BILLION) LIQUIDITY AS % OF NET WORTH % SELF-MADE % INHERITED/SELF-MADE % INHERITED AVERAGE AGE (YEARS) MALE % FEMALE % MOST SIGNIFICANT INDUSTRY

42 101

9 30

2.4

3.3

18

17% 48% 38% 14% 65 93% 7% FINANCE, BANKING AND INVESTMENT (19%)

27% 45% 33% 22% 63 89% 11%

FINANCE, BANKING AND INVESTMENT (22%)

2ND MOST SIGNIFICANT INDUSTRY

INDUSTRIAL CONGLOMERATES (12%)

METALS AND MINING (22%)

3RD MOST SIGNIFICANT INDUSTRY

REAL ESTATE (12%)

REAL ESTATE (11%)

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

76%

56%

90

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

APPENDIX I: OCEANIA

OCEANIA

AUSTRALIA

NEW ZEALAND

BILLIONAIRE POPULATION BILLIONAIRE NET WORTH (US$ BILLION) AVERAGE BILLIONAIRE NET WORTH (US$ BILLION) TOTAL VALUE OF LIQUIDITY (US$ BILLION) LIQUIDITY AS % OF NET WORTH % SELF-MADE % INHERITED/SELF-MADE % INHERITED AVERAGE AGE (YEARS) MALE % FEMALE % MOST SIGNIFICANT INDUSTRY

34 99

32 92

2 7

2.9

2.9

3.5

15

13

15% 65% 26% 9% 64 88% 12% FINANCE, BANKING AND INVESTMENT (15%)

14% 66% 25% 9% 66 91% 9% FINANCE, BANKING AND INVESTMENT (13%) CONSTRUCTION AND ENGINEERING (9%) FOOD PRODUCTS (6%)

23% 50% 0% 50% 58 50% 50% BEVERAGES (50%)

2ND MOST SIGNIFICANT INDUSTRY

CONSTRUCTION AND ENGINEERING (9%)

FINANCE, BANKING AND INVESTMENT (50%) N/A

3RD MOST SIGNIFICANT INDUSTRY

FOOD PRODUCTS (6%)

EDUCATION - % WITH AT LEAST A BACHELORS-LEVEL DEGREE

53%

47%

50%

91

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

92

W E ALT H -X AND U B S B I L L I ONAI RE C E N S U S 201 3

93

WE ALT H-X A N D UB S B I LLIONAIRE CENSUS 2013

94

www.wealthx.com