There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high.
As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the region, where billionaire wealth now totals $3.3 trillion, according to Swiss bank UBS’ new Billionaires Insights Report 2020. That compares to 762 (35%) across the Americas and 596 (27%) in Europe, the Middle East and Africa (EMEA).
The findings, based on interviews and data from 2,000 billionaires across 43 markets, saw Asia-Pacific retain its global position as “the engine of wealth growth,” UBS Global Wealth Management’s Anurag Mahesh said at the report’s launch Wednesday.
Mainland China emerged as the region’s top market for wealth creation, with 415 billionaires, followed by India (114), Hong
Way back on Sept. 30 — which may as well be eons ago but in reality was the day after the first presidential debate — Halsey sat down with former Democratic presidential candidate Bernie Sanders for the first in what she bills as an “intimate conversation to discuss the future of America, some of the most important issues facing our nation and why they’ll be voting for Joe Biden this November.”
In the chat that was titled “Greed & the Wealth Tax,” the debate (Halsey says is “arguably one of the most frustrating pieces of television that I’ve ever had the misfortune of witnessing”) and Halsey’s upbringings in a “lower class family.”
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One of the most compelling parts of the conversation was when the two discussed the “preposterous concept” of billionaires.
While many people dream of wealth, the 50 people on this list have it in spades. What makes this even more amazing is that they’ve achieved such spectacular and incomprehensible wealth at such a young age. The oldest billionaire comes in at 47, while the youngest, who was born in 1990, is only 30.
To learn more about the youngest billionaires in America, Stacker compiled net worth data from Forbes’ Real-Time Billionaires List as of Aug. 28, 2020. The list is in real-time, and any ties in age were broken by net worth.
Included are those who made their billions as heirs to family fortunes as well as those who are self-made. Fortunes come from tech companies including Google, Snapchat, and Facebook, though technology isn’t the only way to strike it rich. Others have made their money through hedge funds, retail, and even by creating a