Executive Wealth: China’s Billionaires Are Youngest In The World

157 Billionaires in China With Total Net Worth of US$384 Billion

Robin Li at the Web 2.0 Summit 2010 (cropped)

Robin Li, Internet entrepreneur (Photo credit: Wikipedia)

At 53 years of age, the average age of China’s 157 billionaires is 9 years younger than the global average, according to the Wealth-X and UBS Billionaire Census 2013.

The report, the first-ever global study on this ultra wealth tier, also shows that nearly 90 percent of the country’s billionaires made their own fortunes – the highest percentage of self-made billionaires in any country. The other 5 percent inherited their wealth, and the remaining 6 percent inherited and grew their wealth.

With 157 billionaires, China has the second largest billionaire population after the United States, which is home to 515 billionaires with a combined net worth of more than US$2 trillion.

China’s billionaire population is predominantly male, and the average Chinese billionaire has an average net worth of US$2.4 billion, with a liquidity of 10 percent.

China’s billionaire population grew by 10 individuals between July 2012 and June 2013, the period under study for the report, representing a 6.8 percent increase. The combined net worth of China’s billionaires increased to US$384 billion, a 1 percent rise over the same period.

The Wealth-X and UBS Billionaire Census 2013 also reveals the top three cities where China’s billionaires reside:

Rank City Billionaire Population
1 Beijing 26
2 Shanghai 19
3 Shenzhen 16

Twelve countries were surveyed for the Wealth-X and UBS Billionaire Census 2013, including the United States, Germany, India, the United Arab Emirates, Brazil, South Africa and Australia.

From: Wealth-X

**Share the Magazine with your executive colleagues and friends!

Follow the Magazine:

(After you have filled in your email address in the column at the right hand side of the screen, a confirmation email will sent to your email address. You will have to confirm it before subscription begins)

Follow us on Twitter:

Like us on Facebook:

**As part of the Magazine’s drive to reward subscribers/followers, we will be providing subscribers/followers special access to exclusive content which will not be otherwise available to normal visitors. Please be sure to subscribe to the Magazine. Many visitors have given us positive comments that they will be bookmarking the site, but as the system is unable to capture a working email address to which the passcodes for exclusive content will be sent, they will miss out on this content. Do note that passcodes are locked to each exclusive content, not a one-for-all access, so do provide a working email address that you check regularly so as not to miss out on them!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s