World's billionaire population at all-time highSeptember 18, 2014 - 16:17 AMT PanARMENIAN.Net - The world economy is going through a rough patch, yet the world's billionaire population is at an all-time high. According a CNBC report, a new survey shows that 155 new billionaires were minted this year, pushing the total population to a record 2,325 – a 7 percent increase from 2013. Credit goes to the United States – home to the most billionaires globally – where 57 new billionaires were recorded this year, according to the Wealth-X and UBS Billionaire Census 2014. In Africa, billionaires' total wealth grew, but the overall number of billionaires decreased, due primarily to volatile socio-political conditions. A similar situation occurred in the Middle East. Nevertheless, the combined wealth of the world's billionaires increased by 12 percent to $7.3 trillion, higher than the combined market capitalization of all the companies that make up the Dow Jones Industrial Average. The average billionaire is 63 years old, with a net worth of $3.1 billion, according to the report, which noted that most wealthy individuals do not reach the $1 billion threshold until their late forties. Almost 90 percent of male billionaires are married, 6 percent are divorced, 3 percent are single and 2 percent widowed. For male billionaires the top five industries are finance and banking, industrial conglomerates, real estate, manufacturing and textiles, and apparel and luxury goods. Sixty-five percent of female billionaires are married, 10 percent divorced, 4 percent single and 21 percent widowed. They are involved in similar industries to their male peers, but one difference is that many run non-profit and social organizations. Photo: AP Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |