Rich as Rich: Billionaires' Fortune at Record Level



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Frankfurt / Main – Dollar billionaires around the world are getting richer. The booming equity markets, rising real estate prices and widespread economic growth have driven the world's richest wealth in 2017 by 19%, to a record $ 8.9 trillion (7%). 80 billion euros). This is the result of calculations published Friday by the consulting firm PwC and the Swiss bank UBS.

This huge fortune – the sum in euros converted more than twice as much as the total annual economic output of Germany as Europe's largest economy (2017: just under 3,300 billion euros). euros) – is therefore distributed over 2158 men and women. On average, they reach a fortune of 4.1 billion dollars.

China wins more and more billionaires

The previous year, the global number of billionaires was based on the now extended database of 1979. Available figures, which are available for the fifth time, include all badets: corporations, corporations, private real estate, but also art collections.

In China especially, the trend has been on the rise for years. In 2017, the Chinese super-rich were the main beneficiaries of global growth, with a 39% increase in wealth, which stood at $ 1.12 trillion. 373 Chinese, the study currently counts for the club of billionaires after 318 a year earlier. On average, at the age of 55, they are younger than the average global billionaire, at nearly 64 years old.

"For years, we have seen the development of the Western world to Asia, via the New World," says Caroline Kuhnert, who manages UBS business with wealthy clients, particularly Europeans. "The biggest increase is for billionaires in Asia: an average of three new billionaires per week in 2017, including two Chinese, and this trend is certainly continuing in 2018."

According to the UBS / PwC study, more and more billionaires are making a career in the super-rich club with a good business idea: of the 332 climbers in 2017, 199 were autonomous billionaires , of which 89 came from China. (APA / dpa)

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