Billionaires more than doubled in 5 years and their collective net worth tripled

Soaring asset prices have fueled the number of rich people on the planet. Forbes reported a record 1,645 billionaires on the planet in March who currently have an aggregate net worth of $6.6 trillion. There were 793 people on our list of the World’s Billionaires with a collective net worth is $2.4 trillion five years ago in the depths of the recession.

The 2014 KnightFrank World Wealth report indicates that there are 167,600 people in the world with over US$30 million in net worth and they have a collective net worth of $20.1 trillion.

High net worth individuals (HNWIs) have a net worth over US$1 million that does not count the principal residence.

At the end of 2013, there were just over 13 million HNWIs in the world. The United States of America had the highest number of HNWIs (just over 4 million) of any country.

Revisiting my wealth related predictions made in 2006 at nanotech-now.

Millionaires (HNWI 1-5 million) 20 million triple 2004 levels 2018-2020
Pentamillionaires (MNW 5-30 million) 2 million triple 2004 levels 2018-2020

Those predictions look to be on track.

If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks

About The Author

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.

Billionaires more than doubled in 5 years and their collective net worth tripled

Soaring asset prices have fueled the number of rich people on the planet. Forbes reported a record 1,645 billionaires on the planet in March who currently have an aggregate net worth of $6.6 trillion. There were 793 people on our list of the World’s Billionaires with a collective net worth is $2.4 trillion five years ago in the depths of the recession.

The 2014 KnightFrank World Wealth report indicates that there are 167,600 people in the world with over US$30 million in net worth and they have a collective net worth of $20.1 trillion.

High net worth individuals (HNWIs) have a net worth over US$1 million that does not count the principal residence.

At the end of 2013, there were just over 13 million HNWIs in the world. The United States of America had the highest number of HNWIs (just over 4 million) of any country.

Revisiting my wealth related predictions made in 2006 at nanotech-now.

Millionaires (HNWI 1-5 million) 20 million triple 2004 levels 2018-2020
Pentamillionaires (MNW 5-30 million) 2 million triple 2004 levels 2018-2020

Those predictions look to be on track.

If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks

About The Author