Thursday, September 15, 2016

map of millionaires

1. The United States is home to the most billionaires in the world, and they acquired their wealth in a nearly even split on the spectrum. As it stands, 32.1 % of the prosperous are company founders, 28.9 % inherited the cash, and 26.8 % are involved in the financial sector. The exceptions are the executives (8.4%) and those who are connected through political resources (3.8%). According to HowMuch, this is probably due to the U.S. gov’s hands-off strategy when it comes to business.

2. Europe is fairly diverse, too. A huge number of billionaires in Germany came into their wealth through inheritance (64.7 %), but about a quarter of them are company founders. It’s similar in France, with 51.2 % having inherited their goods, while 37.2 % run businesses.

3. China’s billionaires are mainly self-made. In the world’s second-largest economy, the map indicates there’s a serious opportunity for growth in business. Almost half of the billionaires are company founders, while 25% are executives. Furthermore, the number of Chinese billionaires has increased quickly.

4. Many South American billionaires are heirs to the fortune. Nearly half of Brazil’s billionaires inherited their money, and that trend prevails in Chile, Argentina, and Venezuela too.

5. Not one billionaire in Russia inherited his or her fortune. On the other hand, Russian billionaires mainly came into their cash mainly by means of political and resource-related ventures (64%).

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