The world has fewer billionaires and they are poorer, with their wealth shrinking to US$11.1 trillion as a year of ‘heightened volatility’ punishes ultra-wealthy

The world’s billionaire population shrank by 3.5 per cent last year to 3,194 individuals, the first decline since 2018, with China seeing the biggest contraction, according to a report which said the total assets held by these affluent individuals posted the second-largest annual decrease in the past decade.

In the top 15 jurisdictions that hosted the world’s largest billionaire populations, only Singapore and Russia added to their numbers.

Cumulative wealth of the ultra-rich fell by 5.5 per cent to US$11.1 trillion, as surging inflation and global uncertainties eroded the value of their holdings, said the World Ultra Wealth Report published by New York-based Altrata which used data from its Wealth-X division.

China, which has the second biggest billionaire population globally after the United States, led the decline in numbers. Its billionaire count fell 11 per cent to 357 while the aggregate value of their wealth diminished by 9.3 per cent to US$1.3 trillion.

Singapore’s Sentosa Island. Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth. Photo: AFP
Singapore’s Sentosa Island. Singapore is seeing an influx of ultra-wealthy families from China looking to protect their wealth. Photo: AFP
Hong Kong was accounted for separately from China in the list of the world’s largest concentrations of billionaires. It recorded a 1.8 per cent decline in its billionaire residents to 112, while their combined wealth retreated by 7 per cent to US$267 billion. The city ranked sixth alongside Russia in the list of top billionaire centres, although Russia’s wealthy had a bigger pile of US$479 billion.

Global leader United States registered a 2.1 per cent fall in its billionaire count to 955, with a 5.2 per cent reduction in their wealth to US$4.2 trillion. This relatively modest fall meant the world’s largest economy widened its lead over China where sliding equities, Covid-19 lockdowns, real estate strains and a subdued economy stifled valuations, the report noted.

Source link

Visited 1 times, 1 visit(s) today

Related Article

簇新裝潢+家電齊全+正東海景三房套 放盤兩周即3.1萬租出(多圖)｜二手樓租賃

簇新裝潢+家電齊全+正東海景三房套 放盤兩周即3.1萬租出(多圖)｜二手樓租賃 隨著早前買賣及租賃市場同步活躍，盤源收窄令市場出現缺盤現象。世紀21 Q動力藍灣半島分行執行董事招潔冰表示，小西灣藍灣半島本月無論租賃及買賣市場成交均較上月減少，截至目前為止屋苑本月僅錄得6宗租賃成交，較上月同期的8宗明顯回落，近日再有三房套單位放盤僅約兩星期便以3.1萬元租出。 招潔冰指，該行促成藍灣半島9座極高層D室租賃成交，單位實用面積約734方呎，屬三房主人套房加工人房設計，眺望藍塘海峽及清水灣海景。業主於上月底獨家委託本行放租，原叫租3.3萬元，本月中獲新租客洽商，最後減價2,000元或約6.1%，以3.1萬元租出，呎租約42.2元。 招潔冰透露，租客為外區客，心儀此單位為三房套加工人房戶型，有時尚高雅裝潢，家電齊全簇新，配上正東海景，採光度充足，開揚寧靜故租客一件傾心立即租入。據悉，業主於2016年以587.8萬元購入單位，現享回報率約6.3厘。 資料顯示，藍灣半島位於小西灣道28號，2001年入伙，共有8座，提供3,098伙。 原文刊登於 AM730 Source link

25 October 2025

Could This Under-the-Radar AI Company Become the Next Nvidia?

Quantum computing stocks are swiftly becoming the next big theme within the artificial intelligence (AI) megatrend. As investors hunt for the next Nvidia, attention is shifting toward quantum computing — a field that could mark the next major leap in processing power. D-Wave Quantum (QBTS +5.12%) stands out as one of the few public companies

25 October 2025

Is T-Mobile making AT&T and Verizon sweat?

AT&T and Verizon have been running media campaigns accusing T-Mobile of misleading customers with its claims of having the best network. T-Mobile has shot back, pointing to its stellar Q3 results to assert that its rivals are feeling pressured by its growth. The search for the best T-Mobile was the hot favorite in Q3. It

25 October 2025