According to Wealth-X and UBS Billionaire Census released by Wealth-X and unio Bank of Switzerland (UBS) on 17th, men account for 88% in "millionaire club", on average, 63 years old, with two children, net worth of $3.1 billion. More than half (54%) of them relied on their own hard work to get rich, and the rest get rich either by inherit property or by combination of inheritance and their own efforts.
Billionaire refers to those whose net assets exceed $1 billion. Report shows that the financial sector, banking, investment and real estate is the most concentrated areas of tycoons.
With 571 billionaires, the United States is still at the top of the world's most billionaires countries until June 2014; China and the United Kingdom rank second and third, respectively, 190 and 130. Over the past year, the number of billionaires in India decreases 3% and India with 100 millionaires ranks sixth.
Simon Smiles, chief investment officer of wealth manage for high-net clients of UBS noted a trend rich people bet is the increase of potential spending power in the economy of the country like China. Such investments are usually through their private equity or direct investment, rather than the open market. (more wonderful news pls visit www.chinainout.com)
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