- Worldwide billionaire population hit 2,816 in 2020, a new record
- There 346 more billionaires in 2020 than in 2019
- Total wealth based on net worth as of January 31, 2020 hit $11.2T, an increase of +16% y/y
The Hurun Global Rich List 2020 was just released and this annual report indicated a global billionaire population of 2,814. This total number of global billionaires includes 346 more billionaires than there were in its 2019 publication. The staggering wealth of this population increased +16% y/y to $11.2T, an amount larger than the GDP of every country in the world except the United States and China.
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“A boom in tech valuations and strong stock markets (despite the coronavirus outbreak and spread in February and March of 2020 as this list was published January 31) across the US, India and China propelled the billionaires to record heights” said Rupert Hoogewerf, the chair and chief researcher with Hurun Research Intelligence.
The primary sources of wealth for these global billionaires include…
- Tech – 12.7&
- Real estate – 9.6%
- Manufacturing – 8.7%
- Investment – 8.6%
More than 50% of the 2020 billionaires are either Chinese (799) or American (626). Beijing had the largest number of billionaires (110) with New York City followed in second place with 98 billionaires. The list now includes 479 new billionaires while 130 were dropped from the list. 16 billionaires from the 2019 list have passed.
Women now represent 15.7% of the list with the richest being Alice Walton with $59B. Mackenzie Bezos joined this list for the first time in 2020 with $44B and a ranking of 44th. The youngest self-made woman billionaire on the Hurun Global Rich List 2020 is Kylie Jenner, age 22, with $1.1B.
90 billionaires are 40 years old or younger.
Donald Trump ranked 900th with $3B while Michael Bloomberg ranked 13th with $58B. WeWork’s Adam Newmann was the biggest loser of wealth in 2020 while still remaining on the list. Newmann lost -80% of his wealth and is currently credited with having $1.3B.
The Top 10 Wealthiest on the Hurun Global Rich List 2020
- Jeff Bezos $140B – 1st place for 3rd consecutive year
- Bernard Arnault – $107B – LVMH
- Bill Gates – $106B – Microsoft
- Warrant Buffett – $106B – Berkshire Hathaway
- Mark Zuckerberg – $84B – Facebook
- Armancio Ortega – $81B – Zara
- Carlos Slim Helu & Family – $72B – America Movil
- Sergey Brin – $68B – Google
- Larry Page – $67B – Google
- Mukesh Ambani – $67B – Reliance
- Steve Ballmer – $67B – Microsoft & LA Clippers
Thanks to Barron’s’ Fang Block for source data.