Showing posts with label Millionaire. Show all posts
Showing posts with label Millionaire. Show all posts

Jan 22, 2016

China's Wealth

China has 190 billionaires, more than two million millionaires, and ranks a bit behind the US in number of high-net-worth individuals, according to research from Forbes magazine and Boston Consulting Group. Not bad for a communist country.

Apr 3, 2015

Rich Folk Facts

In 2013, the world had about 2,170 billionaires. Women make up 8.5% of those. Ten of America's 43 self-made billionaires dropped out of college.
Sheldon Adelson dropped out of City College of New York ($36.4 billion)
Paul Allen dropped out of Washington State ($16.2 billion)
Andy Beal dropped out of Baylor University ($11.1 billion)
Michael Dell dropped out of University of Texas ($15.3 billion)
Larry Ellison dropped out of University of Chicago ($52 billion)
Bill Gates dropped out of Harvard ($81.6 billion)
Jan Koum dropped out of San Jose State University ($7.5 billion)
Jack Taylor dropped out of Washington University ($11.4 billion)
Mark Zuckerberg dropped out of Harvard ($33.1 billion)

Four of the youngest billionaires in the world are connected to Facebook (Dustin Moskovitz, Sean Parker, Eduardo Severin, and Mark Zuckerberg, ).

America's youngest self-made female billionaire is 30 years old and a college dropout.

New York has the largest number of billionaires, with 96, Hong Kong has 75, Moscow 74 and London 67.

Carlo Slim Helu, a Mexican billionaire worth $69 billion, is considered to be the first “world’s richest man from a developing nation.” He has lived in the same modest home for the past 30 years. His wealth is equal to 5% of Mexico’s economic output.

Millionaires -
The average millionaire goes bankrupt at least 3.5 times.

In the United States, approximately 7% of households are millionaires.

A 2010 study shows that millionaires pay approximately 40% of all taxes in the United States.

According to the book The Millionaire Next Door, only 20% of millionaires inherited their wealth. The other 80% earned their cash on their own.

Half of all millionaires are self employed or own their own business.

Eighteen percent of millionaires have Master’s degrees, eight percent have law degrees, six percent have medical degrees, and six percent have PhDs.

Those with Russian ancestry have the highest concentration of millionaire households in America, with $1.1 trillion, or nearly 5% of all the personal wealth in America. The Scottish rank second, Hungarians rank third, and English ancestry groups rank fourth.

A pentamillionaire is someone with the net worth of $5 million. A decamillionare has a net worth of $10 million. A hectamillionaire has a net worth of $100 million.

The number of U.S. millionaires dropped by 129,000, to about 5 million in 2011.

On average, millionaires are 61 years old with $3.05 million in assets.

Just twenty percent of millionaires are retirees.

In 2008, there were 10 million people around the world who were classified as millionaires in US dollars.

There were 185,000 millionaires in Canada in 2011.

The largest increase in the number of millionaires in the past year were in India (21%), China (16%), and Singapore (14%).

Top five countries with highest percent of millionaires.
Rank, Country, Percentage of Population with Millionaire Status, Total Number of Millionaires
#1 Singapore 17.1% 188,000
#2 Qatar 14.3% 47,000
#3 Kuwait 11.8% 63,000
#4 Switzerland 9.5% 322,000
#5 Hong Kong 8.8% 212,000