Everyone Loves to Talk about Billionaires. Here Are 15 Amazing Billionaire Statistics for the Curious Minds.
We often imagine what we’d do with a million dollars. We’d take an incredible vacation, pay off our bond or send the mother-in-law to family abroad… but what about a billion dollars? You could buy the White House… twice or Balmoral Castle… if you prefer. Let’s discover 15 Mind-Blowing Billionaire Statistics.
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Without further ado, let’s dive right into the statistics.
How Many Billionaires in the World
A little over a month ago, Forbes released their 35th annual billionaires list. There they confirmed that there are currently a record-breaking 2,755 billionaires in the world in 2021. This figure is 666 more than 2020. Their combined worth is $13.1 trillion, which is up $8 trillion from last year.
How Did Most Billionaires Make Their Fortune
The majority of billionaires are self-made. The top 10 richest billionaires accounted for $1.2 trillion dollars in the US with Jeff Bezos hanging onto the number 1 position with a balance of $187 billion.
And without a doubt, many billionaires have inherited vast fortunes, but maintaining a vast fortune and inheriting a fortune are two completely separate entities.
According to Yahoo Finance, billionaires have their money in the following areas:
- Public Holdings
- Private Holdings
- Liquid Assets
- Real Estate
- Luxury Assets
The top 10 areas that billionaires do business in, include manufacturing, sport, healthcare, energy, food and beverage, media, fashion and retail, real-estate, technology and investments.
What Is the Demographic Of a Billionaire
Aluxers, what does your average run of the mill billionaire look like?
No need to think too hard because 88% of them are white men. 10% of billionaires are under the age of 50.
By quickly glancing at the top 10 richest people in the world, you’ll have all the information you need. The only odd one out is at number 10 – Mukesh Ambani.
The other 9 billionaires are Sergey Brin, Larry Page, Larry Ellison, Warren Buffet, Mark Zuckerburg, Bill Gates, Bernard Arnault, Elon Musk and Jeff Bezos. Aluxers, we encourage you to subscribe to our channel – we bring out interesting and thought-provoking videos every day.
Number of Black Billionaires
Visual Capitalist released a list of the number of black billionaires there were in the world as of the 24th of February 2021.
Here are the top 5 black billionaires, their net worth and how they made their money.
David Steward is worth $3.7 billion. He’s an IT Provider from the United States. There’s Abdulsamad Rabiu who made his $4.8 billion in cement and sugar in Nigeria. Back to the US to meet Robert F. Smith, who has a net worth of $5.2 billion, which he made in private equity.
There’s Mike Adenuga who’s $6.1 billion fortune was amassed through oil and telecoms in Nigeria, and finally Aliko Dangote, also from Nigeria, has amassed a fortune of $11.5 billion through cement and sugar.
Aliko Dangote owns 85% of Dangote Cement, the largest cement producer in Africa.
How Many Centi-Billionaires Are There in The USA
First off, a centi-billionaire is a billionaire that has at least $100 billion during his life.
These include the founder of Oracle, Larry Ellison whose bottom line is $101 billion, Warren Buffet with the same balance, Bill Gates at $130 billion – but as you are well aware that might reduce drastically post-divorce, Elon Musk with $172 billion and of course Jeff Bezos who fluctuates between $187 and $197 billion.
Speaking of post-divorce, be sure to watch our video 15 Reasons Why BILLIONAIRES Get DIVORCED where we delve further into what could lie ahead for Bill Gates.
The World’s Richest Person Makes $2,489 a Second
Several reputable sites, including Business Insider have confirmed that Jeff Bezos makes around $2,489 a second, and while his net worth keeps rising and falling, it’s fair to say that his per second rate is completely unfathomable.
This equates to twice as much money made every second by this billionaire than the average American worker earns in a week of his life!
Where Do the Most Billionaires Live?
The richest of the rich live around the world, but the highest concentration of billionaires is as follows according to visualcapitalist.com:
Hangzhou is home to 47 billionaires. San Francisco leads by one billionaire, and London jumps ahead to 63 billionaires. In Shanghai you have the possibility of meeting 64 billionaires while your chances are slightly up in Shenzhen with 68.
Moscow has 79, Hong Kong 80 and the top 2 places go to NYC with 99 billionaires and Beijing with 100 in total.
Who Is the Youngest Billionaire in the World
He’s not even allowed to drink in the USA because he’s 3 years away from completing 21 years of life on Earth, the youngest billionaire in the world is German heir Kevin David Lehmann.
His father is Guenther Lehmann and the Lehmann family own 50% of Germany’s leading drugstore chain, dm (drogerie markt). When Kevin was 14, his father transferred a stake of the company to his son which remained under a trusteeship until he turned 18.
Business Insider confirms that Kevin David Lehmann is worth $3.3 billion.
World’s Youngest Crypto Billionaire
Aluxers, you know our thoughts on Crypto and here’s more proof that it’s the way forward. The youngest person who became a billionaire in his life through Crypto is Vitalik Buterin. This Russian Canadian programmer is just 27 years old.
The Observer reports that Buterin is one of the “founding members of the cryptocurrencies and other blockchain applications we’ve come to know today.” He was just 19 when he proposed the design of the Ethereum platform.
He has 333,500 Ether in his main crypto wallet worth $1.029 billion.
We strongly advice you sign up for our Bitcoin Essentials course, it’s an in-depth blockchain and bitcoin resource for those of you who want to get started with crypto.
If you want some motivation to invest in crypto, check out 15 Reasons Why You Should Invest In Crypto.
The Wealthiest Woman in the World
Her name is Françoise Bettencourt Meyers, and she is the French L’Oréal heiress with a net worth of $82.8 billion.
It was her grandfather that started L’Oréal and her family still own 33% of L’Oréal stock.
According to Forbes, “Bettencourt Meyers’ inheritance was the subject of a sensational trial in France, in which a man was convicted of manipulating her ailing mother for her fortune.”
What Traits Do Most Billionaires Have in Common?
Rafael Badziag, wrote the book “The Billion Dollar Secret, 20 Principles of Billionaire Wealth and Success” which you can listen to for free on Audible by claiming your book through alux.com/freebook.
For the book he interviewed 21 billionaires, and he found 3 common factors between all 21 of them.
- They succeed regardless of the circumstances.
- It’s not about the money for them.
- They’re frugal.
What Really Happened with Kylie Jenner and Her Supposed Billionaire Status
Madeline Berg, writing for Forbes, wrote a lengthy article on her life titled “Inside Kylie Jenner’s web of lies and why she’s no longer a billionaire .”
The expose revealed that Jenner had inflated the size and success of her business. As printed in the report, “Filings released by publicly traded Coty over the past six months lay bare one of the family’s best-kept secrets: Kylie’s business is significantly smaller, and less profitable, than the family has spent years leading the cosmetics industry and media outlets, including Forbes, to believe.”
You know how it goes in life, you’re a billionaire one day, a millionaire the next…
Most Billionaires Have an Education
While most billionaires are self-made, it doesn’t mean they don’t have an education.
According to CNBC, most billionaires have a college degree with most of them having studied engineering or computer science.
Jeff Bezos studied electrical engineering and computer science.
Bill Gates studied pre-law.
Mark Cuban studied management and administration.
Mark Zuckerberg studied computer science and psychology.
Most of the first-time jobs held by billionaires were a salesperson, software developer, stock trader or analyst.
Is It Education or Connections That Make You a Billionaire?
Jonathan Wai Ph.D. wanted to find out if it was an education that made a person a billionaire in their life or connections. According to Psychology Today, Wai “conducted a series of analyses examining whether more educated and smarter people accumulated a higher net worth.”
To sum it up, it was both… because education introduced connections.
His findings brought forward the following:
“Amongst billionaires, those with greater wealth were significantly more likely to have attended an elite school.”
The only place where this differed, he said, was in Russia where billionaires were more likely to have ties with Vladimir Putin or the Russian government.
Billionaires Who Lost It All
It must be quite a job to lose more than a billion dollars, but these people managed to do so quite easily:
Huang Wenji, chairman of the China Jicheng Holdings, lost 91% of his company’s stock during a stock market dip – making his $1.9 billion personal wealth plummet.
Alberto Vilar, former U.S based investment manager, had an investment company called Amerindo Investment Advisors which was worth $1 billion. A stock market sell-off in 2000 negatively affected his company, and his arrest on money laundering, wire fraud, and stock fraud cases didn’t help him either.
Vijay Mallya, has applied for UK asylum. The Indian businessman and a former billionaire turned his father’s liquor business into $1.5 billion business. He also owned Kingfisher airlines, but the debt kept rising and eventually he fled to the UK, millions of dollars in debt.
The case is still pending.
Aluxers, what would you do if you had a billion dollars at your disposal? We’d love to hear your wild ideas!