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