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Published 01 March 2013 08:16, Updated 26 June 2013 11:44
No matter who’s counting, Mexican telecommunications mogul Carlos Slim Helu keeps coming up trumps among the world’s richest of the rich. Photo: Reuters
First Asia overtook North America as the millionaire capital of the world, now it boasts more billionaires than any other place on earth.
According to Hurun Report’s Hurun Global Rich List 2013, Asia is home to 608 billionaires, or more than 40 per cent of the world’s 1453 mega rich individuals. Of that 608, more than half live in China, which still trails the United States as the country with the most billionaires.
The top five countries for billionaires according to the list are: the United States (408 billionaires), China (317), Russia (88), Germany (61) and the UK (56). Australia comes in at No. 16 with 16 billionaires, by Hurun Report’s calculations.
But while the US is top of the pops among countries and Asia wins among continents, it’s Moscow that takes out the top spot as the city that’s home to the most billionaires.
Moscow (76 billionaires) leads New York (70), Hong Kong (54), Beijing (41) and London (40). Rounding out the top 10 cities are Istanbul (26), Mumbai (24), Shanghai (24), Paris (23) and Shenzen (22).
Hurun Report also finds that the past year was good for the richest of the rich, with the cadre’s combined personal wealth climbing to a whopping $US5.5 trillion, equivalent to China’s gross domestic product.
As for the richest of the rich elite – a gang Hurun Report dubs the Ten-Zero Club because members have personal wealth of more than $US10 billion – 25 more individuals joined the group taking its total headcount to 108.
Among the top 10, wealth rose 22 per cent for the 2013 survey, equivalent to these fattest of fat fat cats pocketing a combined $US250 million more a day.
The Report also suspects there may be many more billionaires out there than it’s counted.
“For every billionaire that Hurun Report has found, I estimate we have missed at least two, meaning that today there are probably 4000 [US] dollar billionaires in the world,” Hurun Report chairman and chief researcher Rupert Hoogewerf says.
As for what the typical billionaire looks like, the Report says:
As for the top 10, Hurun Report comes up with similar names but a slightly different order to Forbes’ billionaires list. According the Report those in the 10 are:
|City||No. of billionaires||Country||No. of billionaires||% of billionaire population|