Etude Wealth-X / UBS - Les milliardaires dans le monde

Description

Les milliardaires sont toujours plus nombreux dans le monde: ils comptent 155 nouveaux membres en 2014, sur un total de 2325. L'Europe en recense le plus grand nombre et la plus importante fortune cumulée.

Sujets

• UBS
• Fortune
• Liste des milliardaires du monde
• Richesse

Informations

• Publié par: Fil_actu
• Publié le: 17 septembre 2014
• Nombre de lectures: 880
• Langue: Français
• Poids de l'ouvrage: 6 Mo

Extrait

WEALTH-X AND UBS BILLIONAIRE CENSUS 2014
WEALTH-X AND UBS BILLIONAIRE CENSUS 2014WEALTH-X AND UBS BILLIONAIRE CENSUS 2014WEALTH-X AND UBS BILLIONAIRE CENSUS 2014
Mykolas D. Rambus, Chief Executive O!cer
David S. Friedman, President
Ridzwan Aminuddin, Chief Operating O!cer
David Lincoln, Institute Director
Benjamin Kinnard, Institute Research Fellow
Sarah Merette, Institute Research Fellow
Fauzi Ahmad, Director of Communications and Media Relations
Melanie Lam, Marketing Executive
Tara Loader Wilkinson, Editor in Chief
Will Citrin, Managing Editor
Anisha Nair, Graphic Designer
Kay Leng Khoo, Director of Technology
Raveena Rajavetti, Vice President of Research
Rashidah Abd Aziz, Business Analyst
Gianni Bianchi, Managing Partner, Europe
Manuel Bianchi, Business Development Manager
A special thank you to our Research Analysts around the world who made this report possible.
Photography on Pg 24 & 58 by Piers Cunli"e for Billionaire.com
Photogrg 30 by Tim Baker for Billionaire.com
Photography on Pg 34 by Andy Barnham for Billionaire.com
Photogrg 76 by Vanessa Caitlin for Be.com
Photography on Pg 54, 62 & 84 by ©iStock.com
©UBS 2014. The key symbol and UBS are among the registered and unregistered trademarks of UBS.
All rights reserved.
This publication is for your information only and is not intended as an o"er, or a solicitation of an
o"er, to buy or sell any product or other specific service. All information and opinions indicated are
subject to change without notice.
2WEALTH-X AND UBS BILLIONAIRE CENSUS 2014
TABLE OF CONTENTS
EXECUTIVE SUMMARY .......... 8 BILLIONAIRE GEOGRAPHY .......... 3601 05
Top 40 Billionaire Countries.......... 36
02 KEY THEMES .......... 9
Billionaire Density.......... 38
03 GLOBAL OVERVIEW.......... 10 Regional Trends.......... 40
Top 20 Billionaire Cities......... 55
THE WORLD’S BILLIONAIRES.......... 1204
Map......... 56
Forecast .......... 14
Focus Cities........ 59
The “Typical” Billionaire.......... 16
Male Billionaires.......... 18 APPENDIX: REGIONAL 06
COUNTRY RANKINGS......... 78
Female Billionaires......... 20
Billionaire Education......... 22 07 METHODOLOGY......... 86
How Billionaires Are Made......... 25
Career Path......... 26
Wealth Distribution......... 28
Billionaire Network.......... 31
Interest and Social Activities......... 32
Philanthropy.......... 35
3WEALTH-X AND UBS BILLIONAIRE CENSUS 2014
4WEALTH-X AND UBS BILLIONAIRE CENSUS 2014
A NOTE TO OUR READERS
Wealth-X is pleased to partner with UBS to present this second edition of the
, the only comprehensive, global study on the composition and dynamics of this
top-tier segment of the world’s ultra a!uent population.
This 2014 edition – the latest in a series of reports the rise in their fortunes. It provides a snapshot of
produced in partnership with UBS – underscores modern entrepreneurship and the concentration of
Wealth-X’s commitment to conducting groundbreaking wealth we are witnessing in many societies around the
research on the world’s ultra high net worth (UHNW) world.
population.
Interestingly, 63% of billionaires’ primary businesses
The expert analysis and insights that UBS provides are privately held and 81% of all billionaires made all
complement Wealth-X’s in-depth intelligence on or the majority of their wealth themselves, telling us
UHNW individuals, demonstrating a true collaboration that entrepreneurialism and private wealth are keys to
between the global leader in wealth management billionaires’ success.
and the world’s leading UHNW intelligence and
prospecting firm. The report contains a Top 20 Billionaire Cities List and
provides detailed profiles of 17 billionaire hubs – from
Wealth-X’s researchers and analysts in 13 o!ces across Hong Kong to Moscow, Geneva to Los Angeles – where
five continents have compiled and analysed data on the individuals in this ultra a#uent tier work, live and play.
world’s billionaire population, identifying key themes Billionaires tend to gravitate towards these hubs; they
and macro trends, and building a profile of a “typical are transnational: moving from city to city, rather than
billionaire”, which reveals their average age, their from country to country.
mean net worth and wealth source, their social graph,
philanthropic activities and their interests, passions and The forecasts
hobbies. that the global billionaire population will surpass 3,800
by 2020. This reflects the current wealth distribution
The shows in the wider UHNW population and the possibility
that the world’s billionaire population reached a record of certain sectors, such as technology, becoming
high of 2,325 billionaires this year, a 7% rise from increasingly profitable. The overall size and net worth of
2013. The combined wealth of this ultra a#uent tier the world’s billionaire population will continue to grow,
increased to US$7.3 trillion, a 12% rise from last year. presenting immense opportunities and making this
report essential reading for those who want to engage
This year’s report, however, reveals far more than just with this commercially significant segment.
the increase in the number of billionaires globally and
Mykolas D. Rambus David S. Friedman
Chief Executive O!cer President
5
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THREE QUESTIONS: A COMMENTARY BY UBS
Three questions crop up again and again in the many of my meetings with clients. Unfortunately, the
conversations I hold with our billionaire and family only answer I can give them at this juncture is that they
o!ce clients. They want to know what they should need to take considered amounts of additional risk.
do with their cash balances in a zero rate world of – There are basically three main avenues to increasing the
apparently, after many false starts – rising inflation; yield on cash: take on more credit risk, employ more
what investment themes they should focus on over the interest rate risk, or allocate more to higher-yielding
longer term; and how they can generate investment currencies, incurring the attendant foreign exchange
returns less correlated to movements in global equity (FX) risk. But these various risks can also be lessened
markets. and isolated. Techniques such as interest rate swaps and
credit default swaps, or selling rates or FX derivatives,
Billionaires also tend to have high cash balances. The which exploit the di"erential between the cost of the
apparent safety of cash, reinforced by the painful options and the likelihood that they will be activated,
psychological experience of the 2008-2009 global can be used to increase yields. The clients I speak with
financial crisis and the subsequent troubles within are often looking at these more targeted, derivative-
the European Monetary Union, likely reinforces the based approaches to enhance cash yields.
tendency to favor this cautious allocation strategy.
As we know, however, persistently low interest rates Billionaire and family o!ce clients also remain
and moderate inflation have been causing these cash interested in secular trends such as population growth,
balances, in real terms, to be worth less every year. aging, and increased urbanization, and the various
For example, the last five years have seen an 8.5% longer-term investment opportunities they present.
destruction of value in US dollars. This is why how to One of the best longer-term themes I have come across
stop this erosion of real wealth tops the list of queries in is protein consumption.
6WEALTH-X AND UBS BILLIONAIRE CENSUS 2014
Rising standards of living, urbanization, and population of client expectations: clients see lower overall returns
growth are all boosting protein consumption. Higher from risk assets like equities and credit on the horizon.
wages enable people to a"ord higher-protein foodstu"s. Investment opportunities like catastrophe bonds or
Urban dwellers typically not only earn more money reinsurance risk are relatively common considerations,
than their rural counterparts, but also have access to but clients are also engaging us more often in
food vendors with superior distribution networks; discussions about so called “alpha” strategies. These
thus they can purchase a greater range of foodstu"s. investments attempt to monetize unconventional risk
At the same time that per capita protein consumption premiums, typically by systematically selling derivatives
is increasing, the global population continues to grow. to generate volatility premium, liquidity premiums,
For example, per capita protein consumption in China and/or term premiums.
climbed 140% between 1961 and 2009. The population
also doubled over the same period, thus total protein The universe of alpha strategies covers almost every
consumption soared by 380%. asset class. It encompasses methodologies as diverse
as systematically selling equity or interest rate options
As a result, the investment opportunities o"ered by t