Hurun Global Rich List 2014, sponsored by Chinese luxury property developer Star River Property

 

 

US ECONOMIC RECOVERY AND IT BOOM DRIVES WORLD’S BILLIONAIRES UP 414 TO 1867

BILL GATES TAKES BACK TOP SPOT FROM MEXICAN CARLOS SLIM; NEW YORK REASSERTS ITSELF OVER MOSCOW AS BILLIONAIRES PREFERRED CITY

LEADING AUTHORITY ON CHINA’S WEALTHY RELEASES HURUN GLOBAL RICH LIST

·         WORLD’S BILLIONAIRES EXPANDED BY 414 TO 1867 INDIVIDUALS IN RECORD-BREAKING YEAR.

·         946 SAW WEALTH INCREASE, OF WHICH 152 BY MORE THAN 50%. ONLY 318 SAW WEALTH DECREASE.

·         1867 BILLIONAIRES FROM 68 COUNTRIES. OF 414 INCREASE, USA LEADS WITH 72, FOLLOWED BY CHINA 41, UK 22, JAPAN 21.

·         BILL GATES FORTUNE INCREASES US$14BNTO MAKE HIM RICHEST MAN ON EARTH WITH US$68BN, OVERTAKING CARLOS SLIM FOR FIRST TIME IN THREE YEARS.

·         USA AND CHINA DOMINATEWITH 481 AND 358 BILLIONAIRES RESPECTIVELY, MAKING UP HALF THE HURUN LIST. RUSSIA, UK AND INDIA FOLLOW.

·         NEW YORK OVERTAKES MOSCOWTO BECOME BILLIONAIRE CAPITAL OF THE WORLD, FOLLOWED BY HK, BEIJING AND LONDON.

·         TECHNOLOGY OVERTOOK REAL ESTATE TO BE KEY SOURCE OF WEALTH. MANUFACTURING, INVESTMENTS AND RETAIL FOLLOW.

·         482 NEW FACES, INCLUDING WHATSAPP FOUNDERSUKRAINIAN JAN KOUM, 37, & BRIAN ACTON, 42, US$8.5BN & 3.8BN RESPECTIVELY.

·         US MOST ATTRACTIVE COUNTRY FOR IMMIGRANT BILLIONAIRESWITH 42. CHINA AND INDIA TOP COUNTRIES PRODUCING BILLIONAIRES, WHICH HAVE MIGRATED OUT, WITH 99 AND 15 RESPECTIVELY.

·         TOTAL WEALTH US$6.9 TRILLION, MORE THAN GDP OF JAPAN.

·         26 INDIVIDUALS BELOW 40 YEARS, 13 SELF-MADE. SNAPCHAT FOUNDERS EVAN SPIEGEL, 23, AND BOBBY MURPHY, 25, STEAL TITLE OF YOUNGEST BILLIONAIRES FROM FACEBOOK’S MARK ZUCKERBERG AND DUSTIN MOSKOVITZ. AVERAGE AGE ON LIST 64 YEARS. CHINA YOUNGEST WITH 56 YEARS AVERAGE.

·         JEFF BEZOS, 51, OF AMAZON, AND CASINO KING SHELDON ADELSON, 81, BROKE INTO TOP 10 FOR FIRST TIME

·         68% SELF MADE. 47 BILLIONAIRES ARE 4TH GENERATION OR MORE.

·         457 BILLIONAIRES OF CHINESE ORIGINMAKING UP 24%. South East Asia, led by Singapore and Indonesia, SEE HIGH CONCENTRATION OF CHINESE ORIGIN BILLIONAIRES. 8 reside in the US.

·         BIGGEST GAINER. ELECTRIC VEHICLE TYCOON ELON MUSK, 43, OF TESLA MOTORS, QUADRUPLED WEALTH TO US$6.6BN.

·         68 DROPPED OFF LAST YEAR’S LIST, LED BY EIKE BATISTA, 58, OF BRAZIL. RANKED 90TH LAST YEAR, LOST MORE THAN US$10BN.

·         POLITICS.90 CHINESE BILLIONAIRES IN SENIOR POLITICAL ADVISORY POSITIONS.

·         6 RULING ROYAL FAMILIES INCLUDING SAUDI ARABIA, BRUNEI, ABU DHABI, DUBAI, MOROCCO AND LIECHTENSTEIN.

·         CHINESE STOCK EXCHANGESATTRACT MORE BILLIONAIRES THAN US, FOR SECOND YEAR RUNNING.

·         4500 DOLLAR BILLIONAIRES IN GLOBE, UP 500 FROM LAST YEAR. “FOR EVERY ONE WE HAVE FOUND, WE HAVE MISSED AT LEAST ONE, MEANING THERE ARE LIKELY TO BE 4500 NOW IN THE WORLD,” SAYS RUPERT HOOGEWERF, CHAIRMAN AND CHIEF RESEARCHER OF HURUN REPORT.

 

(25 February 2014, Beijing, China) Hurun Report today released the Hurun Global Rich List 2014, a ranking of the US dollar billionaires currently found in the world.  Wealth calculations are a snapshot of 17 January 2014.  This is the third year that Hurun Report has released a ranking of the dollar billionaires in the world, the so-called ‘Nine-Zero Club’. The Hurun Global Rich List 2014 is sponsored by Chinese luxury property developer Star River Property.

The List at a glance

The Hurun Global Rich List 2014 ranked 1867 billionaires from 68 countries.

A 33% resurgence in the US stock markets was the major driver for a record year for the world’s billionaires. Of the 1867 billionaires, 946 saw their wealth increase – 152 saw their wealth increase by over 50% – and there were 482 new faces.  Only 318 individuals saw their wealth decrease and 123 remained unchanged.

The total wealth of the 1867 billionaires amounted to a staggering US$6.9 trillion, more than the GDP of Japan, the third largest global economy.

The average age is 64, up one year from last year. One in nine is female, compared with one in ten last year. Over half self-made women are Chinese.

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “The US economic recovery and an IT boom have driven the world’s billionaires to record levels.  What with the main growth in new billionaires coming from the US, New York overtaking Moscow, technology overtaking real estate as the primary source of wealth and Bill Gates taking back top spot from Mexican Carlos Slim, it has been a year when developed markets have reasserted themselves against emerging markets.”

“China’s billionaires are shooting up the Hurun Global Rich List.  This is why Hurun Report, a media headquartered in Shanghai, China, has set out on this quest to track down and rank the world’s billionaires.”

 

Table: Top Ten – Hurun Global Rich List

NET WORTH US$bn  % CHANGE YOY SOURCE OF WEALTH AGE  COUNTRY OF RESIDENCE
1↑ Bill Gates 68 26% Microsoft 59 USA
2- Warren Buffett 64 10% Berkshire Hathaway 84 USA
3- Amancio Ortega 62 13% Inditex 78 Spain
4↓ Carlos Slim Helu & family 60 -9% America Movil 75 Mexico
5↑ Larry Ellison 48 12% Oracle 70 USA
6↓ Bernard Arnault 46 -10% LVMH 65 France
7* Jeff Bezos 37 42% Amazon 51 USA
8* Sheldon Adelson 36.5 59% Las Vegas Sands 81 USA
9↓ Charles Koch 36 16% Koch Industries 79 USA
9↓ David Koch 36 16% Koch Industries 74 USA

Source: Hurun Global Rich List 2014 sponsored by Star River Property

↑ Rank increase yoy  ↓ Rank decrease yoy  – No Rank change yoy  * New to Top 10

 

Jeff Bezos and Sheldon Adelson break into Top 10

Eight of the Top 10 are self-made and seven are from the US.

At 59, Bill Gates shot back up to Number One with a fortune of US$68bn, up US$14bn on the past year, mainly on the back of strong gains in his investments. Gates stepped down as chairman of Microsoft this year, leaving him more time for his philanthropy.

Warren Buffett, 84, and Zara founder Amancio Ortega, 78, were second and third for the second year running, growing 10% and 13% to US$64bn and US$62bn respectively.

Carlos Slim Helu, 75, lost the top spot that he had been holding for the past two years, after seeing his wealth drop by US$6Bn, mainly on the back of a 9% drop in the value of America Movil and a weak Mexican Peso.

Larry Ellison, 70, saw his wealth increase by US$5bn, thanks to a 25% gain in Oracle’s stocks. The bulk of his fortune comes from his 23% stake in Oracle.

Bernard Arnault, 65, the ‘King of Luxury’, saw his wealth drop by US$5bn, on the back of an 11% fall in LVMH.

Jeff Bezos, 51, of Amazon and ‘Casino King’ Sheldon Adelson, 81, both broke into the Top 10 for the first time, after Amazon and Las Vegas Sands surged 30% and 67%. Bezos is the youngest member of the global top ten.

In this past year, Wang Jianlin of Wanda (US$25bn, rank 26), 60, has dominated headlines in China, both for his domestic activity, where he has now become the largest landlord in the country with 18 million square meters, and internationally. Wang has succeeded in listing his US cinema chain, has purchased Sunseeker, a UK luxury yacht brand, has announced a US$1bn development in London and has purchased a Picasso painting for US$28 million. Wang is the highest ranked Mainlander since records began. Little wonder Wang was the Hurun Most Respected Entrepreneur of the Year 2013.

The Chinese Year of the Horse is shaping up to be a two-horse race between Jack Ma of Alibaba(tripling to US$7.1bn, rank 192) and Pony Ma of Tencent (doubling to US$14bn, rank 70) for domination of China’s internet space. The family name ‘Ma’ in Chinese means horse and 2014 is the Year of the Horse in China.  Alibaba, in which Jack owns 7%, dominates ecommerce in China and is expected to be worth over US$100bn after the much anticipated IPO later this year.  Tencent’s WeChat tool dominates communications.

New energy tycoon Li Hejun, shot straight into 136th place with a US$9.1bn fortune, from his hydropower and solar businesses.

Rags to Riches and back to Rags in 3 Generations

68% are self-made.  Of the 32% that inherited their wealth, 331 are second generation, 119 third generation, and 47, or 2.5%, are from the 4th generation or more.

The richest individuals from the 4th generation or more are Bertrand Puech of Hermes (US$22bn, rank 31; Gerald Grosvenor (US$11.2bn, rank 104), Bruno Schroder (US$5.9bn, rank 244) & Charles Cadogan (US$5.8bn, rank 248) of the UK; and Antti Herlin (US$5.3bn, rank 279) of Finland.

Deaths.Four billionaires from last year’s Hurun Global Rich List died last year: Rosalia Mera, Patrick Ricard, Barbara Piasecka Johnson and Otto Beisheim.  Rosalia Mera, ex-wife of Amancio Ortega and co-founder of Zara, died in August 2013, leaving US$6.1bn, 90% of her wealth, to her daughter Sandra, 45.

Passing on wealth.Bridgit Rausing, widow of Gad Rausing, heir to packaging giant Tetra Pak gave away her US$14bn fortune to her three children Kristen, Finn & Jorn Rausing.

Oldest.The oldest billionaires are 99 year old David Rockefeller Sr (US$2.9bn, rank 596), followed by two 98 year old billionaires; investor Henry Hillman ($2.2bn, rank 852) and Taiwanese Lin Yu-Chia(US$1.7bn, rank 1139).

Till Divorce makes us rich. Slavica Ecclestone received a US$1.2bn settlement from F1 boss Bernie Ecclestone after their 23 year marriage, ranking her in her own right on the list at 1211.

Others of Note

L’Oreal heiress Liliane Bettencourt dropped down by one place to 11th, but maintained her title of richest woman on the planet with a US$34bn fortune.

86-year old Li Ka-Shing saw his wealth increase by US$1bn to retain his title of Asia’s Richest Man. Li has courted controversy in China by selling off much of his Mainland China landbank, leading investors to wonder whether China’s property market has peaked.

The 41-year old Google founders Larry Page and Sergey Brin broke into the Top 20, after seeing Google’s stock price increase 50%.  Page is also an investor into Elon Musk-founded Tesla Motors, whose stock price quadrupled in the last year. Musk was the biggest gainer last year.

Walton family. Were the Wal-mart fortunes to be combined, the family would have US$129bn this year, making them the richest family in the world by far.

Stefan Persson, 67, saw his wealth rise by US$7.7bn, on the back of a 25% increase in H&M’s stock price.

Star River Property, a luxury property developer in China, is the sponsor of the Hurun Global Rich List 2014.  Star River Property is owned by Huang Wenzai, ranked 789, with a personal wealth of US$2.3bn.

Politics. 97 have senior political roles, led by 5 ruling families. The richest monarch is the Sultan of Brunei, coming in at 35th place with a net worth of US$20bn. Also making the list for the first time are the rulers of Abu Dhabi, Dubai, Liechtenstein & Morocco. However the richest royal is Prince Alwaleed Bin Talal Alsaud of the Saudi royal family with a net worth of US$29bn.

90 Chinese billionaires have senior political positions, up from 83 last year. Mainland Chinese led by NPC delegate Zong Qinghou of Wahaha (US$20bn, rank 35), and CPPCC delegate Robin Li of Baidu with US$10bn.Michael Bloomberg, the former mayor of New York, is the richest former politician, coming in at 24th place with US$27bn.

 

Where they live

The US is home to 481 billionaires, followed by China with 358 billionaires. Between the Big Two, they now have half of all billionaires on the planet. The UK, Japan, Switzerland, India and Russia grew fast.

New Yorkis officially the ‘Billionaire Capital of the World’, taking the title from Moscow for the first time. 84 of the Hurun Billionaires live in the Big Apple, up 14 from 70 last year.

51% of new billionaires reside in Asia.Asia is drawing away from North America with 216 new billionaires to take it to 824 individuals, followed by North America with 528 billionaires and Europe 371.

Table: Where they live – Hurun Global Rich List 2014

  Country No. of Billionaires Change in No. of Billionaires   City No. of Billionaires Change in No. of Billionaires
1- USA 481 72 1↑ New York 84 14
2- China 358 41 2↓ Moscow 77 1
3- Russia 103 15 3- Hong Kong 65 11
4↑ UK 77 22 4- Beijing 57 16
5↑ India 70 17 4- London 49 10
6↓ Germany 66 5 6↑ Mumbai 33 9
7- Switzerland 56 15 7↓ Istanbul 28 2
8↑ Brazil 48 15 7↑ Taipei 28 6
9↑ Japan 43 21 9↓ Paris 27 4
10- France 37 6 9↑ Seoul 27 10
10↓ Chinese Taipei 37 5 9↑ Shenzhen 27 5
12- Canada 35 13 9↑ Tokyo 27 16
13↓ Turkey 32 1 9↑ Singapore 27 13
14↑ Australia 29 13 14↓ Sao Paulo 26 7
15↑ Singapore 28 17 15↓ San Francisco 24 6
16↓ South Korea 27 10 15↓ Shanghai 24  –
16↑ Indonesia 27 16 17↓ Los Angeles 20 4
18↓ Italy 22 8 18↑ Jakarta 19 1
19↓ Spain 20 6 18↓ Hangzhou 19 15
20↑ UAE 17 9 19↑ Bangkok 17 13
          19↑ Dallas 17 2

Source: Hurun Global Rich List 2014 sponsored by Star River Property

↑ Rank increase yoy  ↓ Rank decrease yoy  – No Rank change yoy

 

The USA: Ranks No 1 with 481 billionaires; 72 more than 2013. Technology, Media and Telecoms (TMT) overtook investments to become the main source of wealth for American billionaires, followed by retail. TMT, investments and retail made up 113, 108 and 56 billionaires respectively. The combined wealth of the US billionaires was US$2.2 trillion. New York is America’s (and the world’s) city with the highest concentration of billionaires, with 84, followed by San Francisco and LA on 24 and 20 respectively. The USA is also the world’s capital for immigrant billionaires, attracting 42 billionaires.

China:Despite a lacklustre real estate sector, China has added 41 new billionaires to consolidate its second position with 358 billionaires behind the USA. Real estate, manufacturing and investments made up over 60% of the wealth generated. IT and entertainment were the fastest growing. Beijing and HK led the way with 57 and 49 respectively, followed by Shenzhen, Shanghai and Hangzhou on 27, 24 and 19. Average age is 56 years, 8 years younger than the average age of theHurun Global Rich List. Total wealth US$963bn.

Russia: Comes in third with 103 billionaires; 16 more than 2013. All are self-made. The most popular sectors are energy, real estate and manufacturing with 24, 13 and 11 billionaires respectively. Moscow is home to 77 billionaire, the second highest in the world. Combined wealth of the Russian billionaires comes to US$390bn. Overall wealth of Russian billionaires grew by 6%.

UK: Up one place to 4th place with 78 billionaires, 22 more than 2013. London is the overwhelming city of choice for 48 billionaires followed by Slough for 4 billionaires. Retail, real estate and TMT are the biggest wealth creators with 14, 13 and 9 billionaires respectively. Combined wealth of US$262 million. Overall wealth of UK billionaires dropped by 16%.Ukrainian-born Leonard Blavatnikand India-born Lakshmi Mittal are the richest people living in the UK.  Richard Branson with US$5.8bn is the richest self-made Brit.

India: Up one place to No 5 with 70 billionaires, 17 more than 2013. Manufacturing, pharma and TMT are the preferred sectors with 17, 12 and 10 billionaires respectively. Combined wealth of the Indians billionaires comes to US$390bn. Mumbai is headquarters to most of the Indian billionaires.Mukesh Ambani (US$18bn, rank 41) is the richest Indian. 15 Indians live outside of India, the highest proportion of any country. This past year, the Indian Rupee weakened by 12% against the US Dollar, making it harder for Indians to make the cut-off.

Germany:Dropped down two places to No 6 with 66 billionaires, despite having 5 more than 2013.Karl Albrecht is the richest German (US$29bn, rank 22). F&B, retail and TMT are the most popular sectors with 16, 11 and 11 billionaires respectively. Hamburg is the preferred city with 9 billionaires living there.

Switzerland:7th with 56 billionaires, 15 more than 2013. The No 1 city for billionaires is Geneva. Preferred sectors are pharma, luxury and manufacturing with 9 billionaires each. Combined wealth of the Swiss billionaires cumulates to US$203bn.

Brazil:8th with 48 billionaires, 15 more than 2013. Combined wealth of the Brazilian billionaires totals US$167bn. Financial services is preferred industry with 12 billionaires followed by F&B and Real Estate with 7 billionaires each.

Japan: 9th with 43 billionaires, 21 more than 2013, despite the Yen losing 6% against the dollar. Combined wealth of the Japanese billionaires cumulates to US$138.2bn. The preferred sector is TMT with 15 billionaires followed by retail with 11. Tokyo is the preferred city.

France:10th with 37 billionaires., 6 more than 2013. Combined wealth of the French billionaires is US$270bn. The preferred sector is luxury with 10 billionaires followed by F&B with 7 billionaires. Paris is the most preferred city.

Chinese Taipei:10th with 37 billionaires, 5 more than 2013. Taipei is the preferred city. Manufacturing is the preferred sector. Tsai Eng-Meng is the richest person (US$11bn, rank106).

Oceania is the only continent where a woman leads the billionaires’ list. (Georgina Rinehart, US$15.9bn, rank 54).

 

Table: Billionaires by Continent – Hurun Global Rich List 2014

  Continent No: of Billionaires Change in no of billionaires yoy Combined Wealth US$bn
1 Asia 824 216 2393
2 North America 528 88 2438
3 Europe 372 48 1612
4 South America 81 32 277
5 Africa 33 16 103
6 Oceania 31 14 94

Source: Hurun Global Rich List 2014 sponsored by Star River Property

 

Young & Rich

26 billionaires are under 40, led by 23-year-old and 25-year-old SnapChat founders Evan Spiegel and Bobby Murphy. 5 of the 26 are from Facebook, one of whom is the WhatsApp co-founder Jan Koum. 13 are self-made with 13 inherited. Of the self-made, all are male, and 9 reside in the US with 2 in Japan.

Table: Billionaires under 40 years – Hurun Global Rich List 2014

AGE NAME NET WORTH US$bn SOURCE OF WEALTH SOURCE GENDER  COUNTRY OF RESIDENCE
23 Evan Spiegel 1.1 SnapChat Self made M USA
25 Bobby Murphy 1.1 SnapChat Self made M USA
30 Mark Zuckerberg 31 Facebook Self made M USA
30 Dustin Moskovitz 9.3 Facebook Self made M USA
31 Albert von Thurn und Taxis 2.0 Real Estate Inherited M Germany
32 Scott Duncan 6.1 Energy Inherited M USA
32 Eduardo Saverin 3.0 Facebook Self made M Singapore
33 Yang Huiyan & family 8.2 Real Estate Inherited F China
33 Fahd Hariri 1.4 Construction Inherited M France
33 Li Zhaohui & family 1.3 Steel Inherited M China
34 Marie Besnier Beauvalot 1.8 Food & Beverages Inherited F France
35 Sean Parker 3.5 Facebook Self made M USA
36 Ayman Hariri 1.4 Construction Inherited M Saudi Arabia
37 Alejandro Santo Domingo Davila 12.5 Sab Miller Inherited M USA
37 Jan Koum 8.5 WhatsApp Self made M USA
37 Jack Dorsey 2.5 Twitter Self made M USA
37 Yvonne Bauer & family 2.5 Entertainment Inherited F Germany
37 Merlin Swire & Family 2.3 Swire Pacific Inherited M UK
37 Yoshikazu Tanaka 1.9 Gree International Self made M Japan
37 Maxim Nogotkov 1.5 Svyaznoy Retail Self made M Russia
38 Lawrence Ho 2.8 Casinos Inherited M China
38 Julia Oetker 1.2 Food & Beverages Inherited F Germany
39 Chase Coleman, III 1.8 Hedge Fund Self made M USA
39 Nicholas Woodman 1.4 GoPro Self made M USA
39 Serra Sabanci 1.2 Banking Inherited F Turkey
39 Yusaku Maezawa 1.1 Zozo Town Self made M Japan

Source: Hurun Global Rich List 2014 sponsored by Star River Property

Evan Spiegel & Bobby Murphytogether founded SnapChat, a photo messaging app whose unique feature is that senders can control how long recipients can view the image before it vanishes from their inbox. Both Facebook & Google have made offers to buyout the innovators, only to be turned down by the youngest billionaires in the world. The buyout offers valued the app in excess of US$3bn.

Zuckerberg continues to disrupt the way we communicate and in the process managed to make himself and his cofounders at Facebook billionaires. 30% of the billionaires under 40 hail from social media/ networking industry.

Sean Parker, 35, is the first president of Facebook and co-founder of Napster. He is one of the partners of Founders Fund that has an AUM of US$1bn. Recently made headlines for spending US$4.5 million on his wedding to singer Alexandra Lenas.

 

Wealth favours the disruptors

Technology overtook real estate to become the biggest wealth-creating sector.

Table: Source of Wealth – Hurun Global Rich List 2014

Industry No. of billionaires Change in No. of billionaires Richest Person Company
1↑ Technology, Media & Telecoms 257 57 Larry Ellison Oracle
2↓ Real Estate 253 34 Li Ka-shing Cheung Kong
3↑ Manufacturing 186 75 Pallonji Mistry Tata Sons
4↓ Investments 184 15 Bill Gates Microsoft
5↓ Retail 180 46 Amancio Ortega Inditex
6↑ Food & Beverages 138 40 Michele Ferrero Ferrero Rocher
7↓ Energy 123 22 Charles & David Koch Koch Industry
8- Financial Services 114 26 Joseph Safra Grupo Safra
9- Pharmaceuticals 81 13 Dilip Shanghvi Sun Pharma
10↑ Heavy Industry 45 10 Aliko Dangote Dangote Cement
11- Automobile 43 2 Susanne Klatten BMW
12↓ Mining 39 -3 Georgina Rinehart Roy Hill Iron Ore Mine
13↑ Logistics and Shipping 37 7 Jack Taylor Enterprise Rent A Car
14 Luxury 34 2 Bernard Arnault LVMH
15 Hospitality 30 -2 Mohamed Bin Issa Al Jber Mbi Internation

Source: Hurun Global Rich List 2014 sponsored by Star River Property

↑ Rank increase yoy  ↓ Rank decrease yoy  – No Rank change yoy

Technology produced the most billionaires – 257, accounting for 13.7% of the entire list.  Newcomers include the founders of WhatsApp, Twitter, Qihoo360. Other tech and media stocks that grew by more than 50% included Alpha Animation of China, Alibaba, Facebook, LinkedIn, Softbank, Tencent,  Groupon, Google, Yahoo, Netease, Axel Springer and JC Decaux.

The US has the most number of TMT billionaires, followed by China. It is interesting to note that a technology hub like India does not have a TMT billionaire on the Hurun Global Rich List 2014. The US has added more women tech billionaires, led by Sheryl Sandberg of Facebook. The richest tech billionaire is Laurene Powell Jobs (US$14bn, rank 70), widow of Steve Jobs.

50% of TMT wealth came from technology, followed by entertainment & media at 24% & 15% respectively. Telecoms came in last with 10.5%.

Table: Best Performing Industries  by Country – Hurun Global Rich List 2014

Country Best performing Industry Average growth of billionaires for that industry in that country
USA Automobile 80%
China Casinos 82%
Russia TMT 40%
UK Commodities 65%
India Airlines 55%
Germany Health Care 85%
Switzerland Education 43%
Brazil Retail 17%
Japan Consumer Electronics 79%
Chinese Taipei Financial Services 51%

Source: Hurun Global Rich List 2014 sponsored by Star River Property

 

Chinese diaspora. 457 billionaires are of Chinese origin. Outside of China and Chinese Taipei, the Chinese diaspora are based predominantly in South East Asia, led by Singapore and Indonesia. 8 reside in the US, led by David Sun and John Tu of Kingston Technology on US$4.1bn each.

Table: Billionaires of Chinese Origin: Where they live – Hurun Global Rich List

   COUNTRY OF RESIDENCE  No. of Billionaires of Chinese Origin
1 China 358
2 Chinese Taipei 37
3 Singapore 19
4 Indonesia 13
5 Philippines 8
5 USA 8
7 Malaysia 7
8 Thailand 5
9 Australia 1
9 UK 1

Source: Hurun Global Rich List 2014 sponsored by Star River Property

 

7 of the 10 richest real estate tycoons are Chinese. Although real estate slowed in China, Wang Jianlin of Wanda was the biggest winner amongst the global real estate tycoons, shooting up to second place behind Li Ka-shing. There were four new faces in the Top 10, led by Thai tycoon Tos Chirathivat.

Table: Top Ten Real Estate Tycoons – Hurun Global Rich List 2014

  NAME NET WORTH US$bn  % CHANGE YOY COMPANY AGE  COUNTRY OF RESIDENCE
1- Li Ka-shing 33 3% Cheung Kong 86 China
2↑ Wang Jianlin 25 100% Wanda 60 China
3↓ Lee Shau Kee 21 -9% Henderson Land 86 China
4↓ Robert Kuok 16 -16% Kuok Group 90 China
5- Donald Bren 14 12% Irvine Company 82 USA
6↑ Gerald Cavendish Grosvenor & family 11 5% Grosvenor 63 UK
7* Tos Chirathivat & family 10.5  New Central Group 50 Thailand
8* Yang Huiyan & family 8.2 19% Country Garden 33 China
9* Joseph Lau 8.0 14% Chinese Estates 63 China
10* Lin Yu-Lin & family 7.5 25% Hung Tai 88 Chinese Taipei

Source: Hurun Global Rich List 2014 sponsored by Star River Property

↑ Rank increase yoy  ↓ Rank decrease yoy  – No Rank change yoy  * New to Top 10

 

Table: Top 10 Countries Emigrated Out of – Hurun Global Rich List 2014

15 Indian billionaires now reside outside of India, making India the top country to emigrate out of, followed by US billionaires, several of whom have moved out for tax reasons.

Countries No. of Billionaires Emigrated
1 India 15
2 USA 13
3 Russia 10
3 UK 10
3 Germany 10
6 Chinese Taipei 9
6 China 9
6 Italy 9
9 South Africa 8
9 Ukraine 8

Source: Hurun Global Rich List 2014 sponsored by Star River Property

 

Stats

The cut-off required to make the Top Ten shot up by US$6bn to US$36bn, whilst the cut-off to make the Top 100 required an extra US$1bn.

Rank on List 2014 Cut-off required US$bn 2013 Cut-off required US$bn
10 36 30
100 11.5 10.5
200 6.9 6.1
500 3.4 2.9
1000 2.0 1.5

Source: Hurun Global Rich List 2014 sponsored by Star River Property

 

Currency fluctuations

Global currency witnessed a highly volatile year with an average 16% drop against the US Dollar. The Argentina Peso recorded the steepest drop of 25%. Currency depreciation has made it harder for billionaires from these countries to make the Hurun Global Rich List. Japanese billionaires fared surprisingly well, despite the 15% drop in the value of the Japanese Yen, on the back of significant hikes in market cap of as SoftBank, Fast Retailing and Rakuten.

Table: Currency fluctuations against the US Dollar – Hurun Global Rich List 2014

  Country % Drop in Currency Vs the US Dollar Change in average wealth of billionaires from each country
1 Argentina 25% -7%
2 Indonesia 20% -12%
3 Turkey 19% -6%
4 South Africa 18% -24%
5 Australia 15% -25%
6 Japan 15% 7%
7 Brazil 15% -13%
8 India 11% -12%
9 Philippines 11% -28%
10 Thailand 10% -42%

 

Source: Hurun Global Rich List 2014 sponsored by Star River Property

 

Stock Exchanges

China has more billionaires listed on its stock exchanges than the USA, leading with 245 compared with 240 billionaires listed in the USA. The US Stock Exchanges had a good year, with a gain of 33%, followed by China (22%) and UK (11%). Major countries in Latin America had a bad year with a declined performance of -19% (Brazil) and 8% (Mexico).

 

Table: Companies that created most Billionaires – Hurun Global Rich List 2014

Hyatt has created more billionaires than any other company on the Hurun Global Rich List, with 11 members of the extended Pritzker family making the list, followed by Roche and Dr Oetker.

  Company No. Of Billionaires
1 Hyatt 11
2 Roche 9
3 Dr Oetker 8
4 Itau Unibanco 7
4 Wal-Mart 7
6 Glencore International 6
6 Cargill 6
8 SC Johnson & Sons 5
8 SACI Falabella 5
8 Facebook 5
8 Societe National D’Investissement 5

Source: Hurun Global Rich List 2014 sponsored by Star River Property

Table: Top 100  – Hurun Global Rich List 2014

For the full list of 1867 dollar billionaires, refer to www.hurun.net

  RANK CHANGE YOY NAME NET WORTH US$bn  % CHANGE YOY COMPANY AGE INDUSTRY  COUNTRY OF RESIDENCE
1 3 Bill Gates 68 26% Microsoft 59 Investments USA
2 0 Warren Buffett 64 10% Berkshire Hathaway 84 Investments USA
3 0 Amancio Ortega 62 13% Inditex 78 Single Brand Retailing Spain
4 -3 Carlos Slim Helu & family 60 -9% America Movil 75 Investments Mexico
5 1 Larry Ellison 48 12% Oracle 70 Technology USA
6 -1 Bernard Arnault 46 -10% LVMH 65 Single Brand Retailing France
7 10 Jeff Bezos 37 42% Amazon 51 Online Retail USA
8 13 Sheldon Adelson 36.5 59% Las Vegas Sands 81 Casinos USA
9 -1 Charles Koch 36 16% Koch Industries 79 Energy USA
9 -1 David Koch 36 16% Koch Industries 74 Energy USA
11 -1 Liliane Bettencourt 34 13% L’Oreal 92 Cosmetics France
12 -5 Li Ka-shing 33 3% Cheung Kong 86 Real Estate China
13 0 Alice Walton 32.5 14% Wal-Mart 65 Multi Brand Retailing USA
14 5 Stefan Persson 32 33% Hennes & Mauritz 67 Single Brand Retailing Sweden
14 -1 Jim Walton 32 12% Wal-Mart 66 Multi Brand Retailing USA
14 -1 Robson Walton 32 12% Wal-Mart 70 Multi Brand Retailing USA
14 -3 Christy Walton & family 32 10% Wal-Mart 59 Multi Brand Retailing USA
18 24 Mark Zuckerberg 31 82% Facebook 30 Technology USA
18 6 Larry Page 31 44% Google 41 Technology USA
20 5 Sergey Brin 30 43% Google 41 Technology USA
21 -5 Karl Albrecht 29 4% Aldi Sud 94 Multi Brand Retailing Germany
21 -10 Alwaleed Bin Talal Alsaud 29 0% Kingdom Holding Company 59 Investments Saudi Arabia
23 26 Dieter Schwarz 28 75% Schwarz Group 75 Multi Brand Retailing Germany
24 5 Michael Bloomberg 27 35% Bloomberg 72 Media USA
24 -6 Ingvar Kamprad & family 27 8% Ikea 88 Single Brand Retailing Switzerland
26 46 Wang Jianlin 25 100% Wanda 60 Real Estate China
26 25 Aliko Dangote 25 61% Dangote Cement 57 Cement Nigeria
26 52 Lui Che Woo 25 108% Galaxy Entertainment 85 Casinos China
29 -2 Gérard Mulliez & family 24 17% Auchan 83 Multi Brand Retailing France
30 3 David Thomson & family 23 21% Thomson Reuters 57 Media Canada
31 -2 Michele Ferrero & family 22 10% Ferrero Rocher 88 Food & Beverages Monaco
31 -6 Rinat Akhmetov 22 5% System Capital Management 48 Investments Ukraine
31 -12 Bertrand Puech & family 22 -8% Hermes 78 Single Brand Retailing France
34 -13 Lee Shau Kee 21 -9% Henderson Land 86 Real Estate China
35 New Haji Hassanal Bolkiah 20  New Brunei Investment Agency 68 Energy Brunei
35 29 Zong Qinghou & family 20 54% Wahaha 69 Food & Beverages China
35 1 Theo Jr Albrecht & family 20 11% Aldi Nord   Multi Brand Retailing Germany
38 26 Tadashi Yanai 19 46% Fast Retailing 65 Multi Brand Retailing Japan
38 4 George Soros 19 12% Soros Fund Management 84 Hedge Funds USA
40 -7 Alisher Usmanov 18.5 -3% Megafon 61 Steel Russia
41 15 Jacqueline Mars 18 24% Mars 75 Food & Beverages USA
41 15 John Mars 18 24% Mars 80 Food & Beverages USA
41 12 Forrest Mars Jr 18 20% Mars 84 Food & Beverages USA
41 10 Leonard Blavatnik 18 16% Lyondellbasell 57 Energy UK
41 8 Leonardo Del Vecchio 18 13% Luxottica 79 Eye Wear Italy
41 -14 Mukesh Ambani 18 -12% Reliance Industries 57 Energy India
41 New Khalif bin zayed an Nahyas 18  New SBK Holdings 66 Energy UAE
48 -6 Carl Icahn 17.5 3% Icahn Enterprises 78 Investments USA
49 84 Masayoshi Son 17 102% Softbank 59 Telecom Japan
49 9 Steve Ballmer 17 21% Microsoft 59 Technology USA
49 -13 Lakshmi N Mittal 17 -6% ArcelorMittal 64 Steel UK
49 -13 Cheng Yu-tung 17 -6% New World Development /Chow Tai Fook 89 Real Estate China
53 19 Phil Knight 16.5 32% Nike 77 Footwear Retail USA
54 45 Charles Ergen 16 52% Dish Networks 61 Entertainment USA
54 -12 Georgina Rinehart 16 -6% Roy Hill Iron Ore Mine 60 Mining Australia
54 -18 Viktor Vekselberg 16 -11% Renova Group 58 Energy Russia
54 -21 Robert Kuok 16 -16% Kuok Group 90 Food & Beverages China
58 -16 Jorge Paulo Lemann 15.5 -9% Ambev 75 Food & Beverages Brazil
58 -22 Michael Otto & family 15.5 -14% Otto Group 71 Multi Brand Retailing Germany
58 -29 Iris Fontbona & family 15.5 -23% Quinenco 72 Mining Chile
61 New Mohammed bin Rashid Al Maktoum 15  New Dubai Holdings 65 Investments UAE
61 3 Susanne Klatten 15 15% BMW 53 Automobile Germany
61 -3 Mikhail Fridman 15 7% Alfa Group 50 Energy Russia
64 39 Leonid Mikhelson 14.5 42% Novatek 59 Energy Russia
64 14 Ronald Perelman 14.5 21% Scientific Game 72 Investments USA
64 8 Stefan Quandt 14.5 16% BMW 48 Automobile Germany
64 0 Serge Dassault & family 14.5 12% Dassault System 89 Aviation Technology France
64 -11 Joseph Safra 14.5 -3% Grupo Safra 76 Banking Brazil
64 -22 German Larrea Mota Velasco & family 14.5 -15% Grupo Mexico 72 Mining Mexico
70 81 Pony Ma 14 87% Tencent 43 Technology China
70 20 Laurene Powell Jobs & family 14 27% Apple 51 Technology USA
70 8 Harold Hamm 14 17% Continental Resources 69 Energy USA
70 8 Paul Allen 14 17% Microsoft 62 Investments USA
70 2 Donald Bren 14 12% Irvine Company 82 Real Estate USA
70 -12 Francois Pinault & family 14 0% Kering 79 Multi Brand Retailing France
70 -17 Vladimir Potanin 14 -7% Interros 54 Steel Russia
77 47 Dilip Shanghvi 13.5 53% Sun Pharma 59 Pharmaceuticals India
77 22 Azim Premji 13.5 29% Wipro 70 Technology India
77 20 Abigail Johnson 13.5 27% Fidelity 53 Investments USA
77 -5 Mohammed Al Amoudi 13.5 8% Corral Petroleum Holding 69 Energy Saudi Arabia
81 23 Rupert Murdoch 13 30% News Corp 83 Media USA
81 -3 Anne Cox Chambers 13 8% Cox Enterprise 95 Media USA
81 -3 James Simons 13 8% Renaissance Technologies 76 Hedge Funds USA
81 -9 John Paulson 13 4% Paulson & Co 59 Hedge Funds USA
85 24 Gennady Timchenko 12.5 30% Gunvor 62 Energy Switzerland
85 5 Jack Taylor & family 12.5 14% Enterprise Rent A Car 92 Logistics USA
85 2 Ananda Krishnan 12.5 9% Maxis Communication 76 Telecom Malaysia
85 -7 Alejandro Santo Domingo Davila 12.5 4% Sab Miller 37 Food & Beverages USA
85 -21 Antonio Ermirio de Moraes & family 12.5 -4% Votorantim Participacoes 86 Energy Brazil
85 -27 Luis Carlos Sarmiento 12.5 -11% Grupo Aval 82 Banking Colombia
85 -27 Vagit Alekperov 12.5 -11% Lukoil 65 Energy Russia
85 -43 Vladimir Lisin 12.5 -26% Novolipetsk Steel 59 Steel Russia
93 77 Eric Schmidt 12 76% Google 59 Technology USA
93 53 Pallonji Mistry 12 54% Tata Sons 86 Manufacturing India
93 6 Johanna Quandt 12 14% BMW 88 Automobile Germany
93 -3 Andrey Melnichenko 12 9% Suek 42 Energy Russia
93 -3 Ernesto Bertarelli & family 12 9% Serono 49 Pharmaceuticals Switzerland
93 -29 SP Hinduja & family 12 -8% Hinduja Group 80 Manufacturing UK
99 New Elaine Marshall & family 11.5  New Koch Industries 71 Investments USA
99 New Nobutada Saji & family 11.5  New Suntory Holdings 70 Food & Beverages Japan
99 29 John Fredriksen 11.5 34% Frontline 70 Energy UK
99 -2 Ray Dalio 11.5 8% Bridgewater Associates 65 Hedge Funds USA
99 -12 Michael Dell 11.5 0% Dell 49 Technology USA
99 -35 Mikhail Prokhorov 11.5 -12% Polyus Gold 49 Mining Russia

 

About Star River Property

Star River Property is a privately-held luxury real estate developer, headquartered in Guangzhou, China. With flagship residential developments in Guangzhou, Beijing, Shanghai, Macau and Taiyuan in Shanxi province, Star River is currently expanding into Shenyang in the North East of China and Xian in Shaanxi province. Star River has won numerous awards for its design, gardens and hotels.

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