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.
Latin America was the only region to suffer a decline in total wealth, falling by 600 individuals and $75 billion. According to the report, the global UHNW population continues to be dominated by men, who represent 88% of the total population. Female UHNW individuals make up the remaining 12% or 23,505 individuals globally. The average net worth of the wealthiest individuals in the world has risen to $139 million. --Written by Hal M. Bundrick