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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |