How Many Billionaires Are There in the World?
By Hal M. Bundrick
NEW YORK (MainStreet) -- The wealthiest people in the world didn't come by their vast riches through inheritances; they made their money the old-fashioned way: they earned it. Nearly two thirds (65%) of mega-millionaires say their money was self-made, according to the 2013 Wealth-X and UBS World Ultra Wealth Report.
Global wealth is at an all-time high, with 199,235 individuals accounting for a combined fortune of nearly $28 trillion, up 6% in population size from the previous year and adding $2 trillion to their combined wealth - a value greater than the gross domestic product of India.
More than 2,000 billionaires claim a total net worth of $6.5 trillion, representing nearly one-quarter (23%) of the world's ultra high net worth (UHNW) total wealth. The report defines UHNW individuals as those with total net assets of $30 million and above.Asia rebounded from last year's contraction, when there were 42,895 UHNW individuals in the region. As of 2013, there are 44,505 UHNW individuals in Asia with a combined wealth of $6.5 trillion, an increase of 5.4% from the previous year.
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