Finance / Tax
"2020 UBS/Zicheng Billionaires Survey Report: Riding the Storm" released on the 7th that the wealth of global billionaires hit a record high in July, reaching 10.2 trillion U.S. dollars, with the largest number of billionaires in the Asia-Pacific region. There are a total of 415 billionaires in the mainland, simultaneously setting a record high.
The report shows that under the trend of a V-shaped rebound in asset prices this year, the total value of global billionaires reached 10.2 trillion U.S. dollars, surpassing the high of 8.9 trillion U.S. dollars at the end of 2017.
Among them, the Asia-Pacific region has the largest number of billionaires, with a total of 831, accounting for 38% of the global billionaire population. From early April to the end of July this year, the wealth of billionaires in the Asia-Pacific region rebounded by 36% to US$3.3 trillion, showing the progress of economic recovery.
As of July, there were a total of 415 billionaires in mainland China, a record high, with a total wealth of US$1.7 trillion, a 71% increase compared to 2018. As of early April, the wealth of mainland billionaires has grown nearly nine times in the past decade, while the wealth of American billionaires has only doubled.
In the past ten years, the number of billionaires in the world has doubled and their total wealth has more than tripled. As of the end of July 2020, there were 2,189 billionaires in the world, compared with 969 at the end of 2009. The total wealth of billionaires hit a record high of 10.2 trillion U.S. dollars after asset prices rebounded in a V shape this year. This wave of recovery is driven by billionaires in technology and industry.
China's billionaires own 50% of the total wealth of billionaires in the Asia-Pacific region, and 17% of the total wealth of global billionaires, up from 11% in 2018. From April to July, the wealth of billionaires in mainland China grew by 41%. The reason was that the number of confirmed cases of the new coronavirus began to decrease in March, which caused the stock market to rise.
In addition, almost all (98%) billionaires on the mainland are self-made, the largest percentage in the Asia-Pacific region.
As corporate innovators and technological disruptors take the lead in today’s economic reforms, the wealth distribution of global billionaires has also been polarized; entrepreneurs in the fields of technology, health care and industry are leading the pack, and the new crown pneumonia epidemic Then speed up the disagreement.