The Hustle

The world made more billionaires than ever in 2017

Yaaayy… The 5th edition of the Wealth-X Billionaire Census dropped this week, and it looks like the super rich are getting super-richer -- billionaires’ combined assets increased by 24% to $9.2T. Meanwhile, the mere very rich are rising in the...


May 17, 2018

Yaaayy…

The 5th edition of the Wealth-X Billionaire Census dropped this week, and it looks like the super rich are getting super-richer — billionaires’ combined assets increased by 24% to $9.2T.

Meanwhile, the mere very rich are rising in the ranks: about 357 newcomers joined the “tres comma” club last year.

Every time The Bell rings, a billionaire goes “cha-ching”

You know, the Wall Street Bell. It’s a perfect metaphor, people.

The census concludes that “climbing equity markets” caused billionaires to stack cash across all regions — particularly in China, where billionaires’ wealth grew by nearly 36%, crushing the 10% increase stateside (the US still houses the greatest number of billionaires at 680).

As of 2017, just 10 people can claim a $50B+ net worth, while 1.3k plebes sit in the $1-2B tier.

Here are a few of our favorite Big B’s:

Oh, and while we’re on the subject, lady billionaires grew 18% last year — faster than male billionaires for the first time in the history of the census.

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