10 Facts You Didn’t Know about Billionaires
Here are 10 Facts you didn’t know about billionaires!
The word billionaire comes from mid-19th century: from billion, on the pattern of millionaire and it means exactly what you think a guy/gal who has several millions in their bank account.
A billionaire is the person with a net worth of at least one billion.
The first confirmed U.S. dollar billionaire was the American oil magnate John D. Rockefeller, back in the 1916.
Billionaires are the people we are talking about in each article we make here, from their expensive belongings to the priciest things they do to entertain themselves, they are the persons we admire and dream one day will be like them.
Because let’s be honest, who wouldn’t want to be a billionaire? I believe everyone has had this dream at least once in its life.
But remember, they are just like and me, except the fact that they have no financial worries like we do.
They are the people, who can afford to go on a quick vacation on their private island, even in the middle of the night, using their private jets or boats.
But in the end they are just like us, they have lives that are funny, complicated, and dramatic. I once read this on the internet: “Remember that you have the same hours in a day as Beyonce”
I believe that sentence is true, after all we are all individuals and they also have bad days and whatever.
Let’s start with the ten facts about billionaires!
1. There are Over 1,826 U.S. dollars Billionaires Worldwide
According to the Forbes report there are currently 1,826 U.S. dollar billionaires worldwide from 66 countries, with a combined net worth of $7.05 trillion.
The total net worth combined is more than the combined GDP of 152 countries. The United States has the largest number of billionaires of any country, with 536 as of this year, while China and Russia have 213 and 88 billionaires.
2. Demographics of billionaires
From the total of 1,826 billionaires, the average age is 66 years. There are 46 billionaires under the age 40 globally as of 2015.
90% of billionaires are male while 65% of them are white and 60% of them are 60 years old, or older.
Nine of all the billionaires have ten or more children while the female billionaire with the largest number of children, Savitri Jindal has nine kids.
One of them, Sulaiman Al Rajhi, the fifth richest person in Saudi Arabia, has twenty-three children.
3. Some Guy Spent Several Millions on Politics
Everyone knows how important is having a great president but this guy just took it to the next step.
But you also know that when President Obama was in the election race it had to go through some problems so to say. Some people weren’t very happy that a black guy should rule the country.
The same thing Sheldon Adelson thought when he spent $93 million back in 2012, to try and keep President Obama from winning a second term in office.
This guy was just another billionaire with a lot of money at his disposal. Fortunately, President Obama won again.
And to celebrate that winning, Oprah Winfrey donated $76,000 to Obama’s Victory Fund.
4. United States Has the Most Billionaires
I don’t know if you already knew this, but the most billionaires are located in United States.
Then China, Russia, Germany and Brazil have the next highest concentration of billionaires.
The richest man in the world, Bill Gates comes from U.S. and the richest woman in the world is Christy Walton who is also located in U.S.
One billionaire is named God. God Nisanov has a net worth of $5.3 billion. So Bill Gates, Mark Zuckerberg, etc. can all say that they have more money than God.
Did you know that if Bill Gates were a country, he would be the 65th richest country in the world?
5. Some of the Billionaires Are Donating Big Money from their Wealth
That sentence applies in the case of Mark Zuckerberg who has given $900 million to the Silicon Valley Community Foundations.
Also, Bill Gates announced that he would donate his wealth to charity when he dies, and he would leave a maximum of $10 million to each of his three children.
6. Billionaires also Like to Collect Things
The oldest billionaire alive is 99-years old and he has an unusual collecting habit. David Rockefeller has one of the largest beetle collections in the world.
Another famous billionaire, Vincent Bollore owns over 1,000 comic books.
The examples are many, you can check some of them here. (COLLECTIONS OF CELEBRITIES)
7. From Where the Billionaires Got their Wealth?
More than 42% of the actual billionaires who earned their first billion before turning 40 did it in technology fields.
One book, The Millionaire Next Door, says that only 20% of the billionaires inherited their wealth and the other 80% earned their cash on their own.
And contrary to common belief, many millionaires and billionaires do not live in mansions or in highly prestigious neighborhoods.
Many of them didn’t even go to college but they are self-made, live below their names, lead frugal lifestyles, are self-employed or own their business.
And always plan and study investments.
The 30-year-old Facebook billionaire, Dustin Moskovitz pitches his own tent at Burning Man every year.
8. They Can Be Banned From Places Too
It is true, billionaires have different social status and different attributes, but in the end they are still people.
They make mistakes too and they can be banned from places too. The other day Justin Bieber was banned from Coachella, but that’s another story.
Going back to our billionaires’ list, we find a New York billionaire, Stewart Rahr who has been banned from celebrity sushi chain Nobu.
9. Billionaires Can Also Be Gay or Transgender
Again, they are also human beings and they can also have different sexual orientation.
Seven from the world’s billionaires are openly gay or transgender; there is no shame in that.
The first transgender billionaire is Jennifer Pritzker (formerly James).
After all, money knows no gender, no sexual orientation or color.
10. Women can be Billionaires Too
There are approximately 1,226 billionaires in the world from which women make up 8.5% of those.
The first African American woman to make it onto billionaire lists is Oprah Winfrey, who is worth approximately $3 billion.
The top 5 Industries Of Female Billionaires are non-profit & social organizations (14.7%), finance, banking & investment (14.3%), industrial conglomerates (10.1%), textiles, apparel & luxury goods (7.7%), food products, (5.6%).
A record-breaking 12 million genuinely super rich around the world who were classified as millionaires, but only 2,325 billionaires with an aggregate net worth of approximately $7.291 trillion.
BONUS: There is an exclusive ultra-wealthy club, of which the likes of Michael Bloomberg, Warren Buffett, Rupert Murdoch, Mark Zuckerberg, and Richard Branson are members.