New Billionaire Census reveals wealth accumulation far surpassed population growth in 2021
NEW YORK, June 29, 2022 /PRNewswire/ -- Altrata, a global leader in data-driven people intelligence, today released the Billionaire Census 2022. Powered by Wealth-X data, the ninth edition of this report reveals the global billionaire population rose by 3.3% to 3,311 individuals in 2021, with total wealth surging by 17.8% to a record $11.8 trillion.
Billionaires account for an outsized proportion of global wealth. The 3,311 billionaires around the globe represent just 0.9% of the global ultra high net worth (UHNW) population – those with $30m+ in net worth – yet hold a vast 27.4% share of total UHNW wealth.
In a year when the Covid-19 pandemic remained the dominant influence, the report explores the changes to the global billionaire population and its collective wealth in 2021, presenting key wealth drivers, regional trends and a ranking of the leading billionaire countries and cities.
Among the numerous key findings, the Billionaire Census 2022 reveals:
- At 1,035 billionaires, North America consolidated its status as the world's leading billionaire region in 2021, recording above-average population growth and wealth gains
- Kuwait City, San Francisco and Hong Kong are the cities with the highest density of billionaires
- Of the top five primary industries, technology has the youngest, most self-made billionaires
- "Super-billionaires", comprising a mere 20 individuals with a net worth of over $50 billion, held a 17% share of all billionaire wealth in 2021, a sharp increase from 11% in 2019 and just 4% in 2016
- Data from another Altrata company, BoardEx, shows the average US CEO or non-profit trustee has a direct connection to almost four billionaires and second-degree connections to more than 250
The US bolstered its status as the dominant billionaire country in 2021, while second-placed China saw a modest fall in its billionaire population. Expanding by almost 20%, India jumped four places in the number of billionaires, replacing Russia as the fourth-ranked billionaire country. Russia's billionaire numbers declined by 11%, and this was before the invasion of Ukraine and the imposition of severe international sanctions.
This varying performance illustrates the uneven impact of the pandemic (and the related recovery in 2021) on individual billionaires' wealth holdings, given their varied exposure to industry sectors, asset markets and countries' economies.
Wealth-X is a part of Altrata, a company built to deliver insight directly into its clients' workflows. Wealth-X data provides unrivalled insight into the status of the world's wealthiest individuals and their characteristics, making it an essential resource for any organization looking to prospect for and engage with individuals in this exclusive group.
Download the full Billionaire Census 2022 to view the complete findings.
Wealth-X is an Altrata company, a part of Euromoney PLC.
The global leader in wealth information and insight, Wealth-X partners with prestige brands across the financial services, luxury, nonprofit and higher-education industries to fuel strategic decision-making in sales, marketing and compliance. Wealth-X has developed the world's largest collection of records on wealthy individuals and produces unparalleled data analysis to help organizations uncover, understand, and engage their target audience, as well as mitigate risk. Founded in 2010, with a team spanning North America, Europe and Asia, Wealth-X provides unique data, analysis, and counsel to a diverse roster of worldwide clients.
Altrata is comprised of five distinct offerings: BoardEx, Boardroom Insiders, RelSci, WealthEngine, and Wealth-X. Together, we provide data and intelligence on the most impactful people to our clients' success.
SOURCE Altrata
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