DESPITE GLOBAL SLOWDOWN, 2188 BILLIONAIRES IN WORLD, UP 99 TO NEW RECORD
CHINESE BILLIONAIRES OVERTAKE USA, 568 TO 535, INDIA RETAINS TOP 3
JEFF BEZOS, 52, OF AMAZON STORMS UP 18 PLACES TO 4TH WITH US$53BN UP 24BN YOY
US PRESIDENTIAL HOPEFULS DONALD TRUMP AND MICHAEL BLOOMBERG UP US$5BN
AND US$16BN TO US$6.5BN AND US$37BN. BLOOMBERG BREAKS INTO TOP 10.
BILL GATES AND WARREN BUFFETT ONE AND TWO IN WORLD, WEALTH DOWN 6% AND
11% TO US$80BN AND US68BN
CARLOS SLIM HELU LOSES US$33BN AND TOP 3 SPOT
BEIJING REPLACES NEW YORK TO BECOME THE BILLIONAIRE CAPITAL OF THE WORLD
FOR FIRST TIME
LEADING AUTHORITY ON CHINA AND INDIA’S WEALTHY RELEASES HURUN GLOBAL RICH
LIST 2016












WORLD’S BILLIONAIRES GREW BY 99 TO 2188 INDIVIDUALS, NEW WORLD RECORD. 50%
MORE THAN 2013.
GOING UP: 1019 SAW WEALTH INCREASE + 311 NEW FACES. GOING DOWN: 729 SAW
WEALTH DECREASE + 102 DROPPED OFF LAST YEAR’S LIST.
CHINESE BILLIONAIRES OVERTAKE USA FOR FIRST TIME. CHINA AND USA WITH 568
AND 535 BILLIONAIRES MAKE UP HALF OF THE HURUN LIST. NUMBER OF CHINESE
BILLIONAIRES GREW 80% SINCE 2013.
INDIA CONSOLIDATES THIRD PLACE, UP 14 ON LAST YEAR TO 111 BILLIONAIRES.
BILL GATES, 60, HOLDS ONTO TOP SPOT WITH US$80BN, DESPITE HAVING DONATED
US$17BN TO PHILANTHROPY. WAY AHEAD OF WARREN BUFFET AND AMANCIO ORTEGA
OF ZARA WITH US$68BN AND US$64BN.
BEIJING BILLIONAIRE CAPITAL OF THE WORLD. 5 CHINA CITIES MAKE TOP 10: BEIJING,
HK, SHANGHAI, SHENZHEN AND HANGZHOU.
GOOD YEAR FOR MANUFACTURING, PHARMA, INVESTMENTS AND TECH. BAD YEAR
FOR ENERGY AND REAL ESTATE. TECH KEY SOURCE OF WEALTH FOR THIRD YEAR
RUNNING, FOLLOWED BY REAL ESTATE, MANUFACTURING AND INVESTMENTS.
CHINA LEADS WITH SELF-MADE WOMEN WITH 93 OF 124 SELF-MADE WOMEN IN WORLD.
630 BILLIONAIRES OF CHINESE ORIGIN, 29% OF HURUN LIST, MUCH HIGHER THAN 20%
OF WORLD POPULATION. 470 FROM MAINLAND CHINA, 60 FROM HK, 56 FROM SE ASIA,
34 FROM CHINESE TAIPEI, 8 FROM USA AND 1 FROM CANADA AND FRANCE.
TOTAL WEALTH JUMPED 9% TO US$7.3 TRILLION, MORE THAN COMBINED GDP OF
GERMANY AND UK AND CLOSE TO HALF THAT OF USA.
275 OR 12.5% IMMIGRANT BILLIONAIRES, LED BY USA (52), UK (32) AND SWITZERLAND
(27). WITH US$33BN, SERGEY BRIN OF GOOGLE IS THE RICHEST IMMIGRANT
BILLIONAIRE.
47 SELF-MADE BELOW 40 YEARS. YOUNGEST ARE FOUNDERS OF SNAPCHAT EVAN
SPIEGEL, 25, AND BOBBY MURPHY, 26, AND PAYMENT ECOSYSTEM PROVIDER STRIPES
FOUNDERS JOHN COLLISON, 26, AND PATRICK COLLISON, 27.
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NEW ENTRIES
o RONY ABOVITZ, 44, OF VIRTUAL REALITY STARTUP MAGIC LEAP MAKES LIST
FOR FIRST TIME WITH US$1.1 BN
o INDIA’S E-COMMERCE MAHARAJAS, SACHIN BANSAL, 34, AND BINNY BANSAL,
33, OF FLIPKART WITH US$1.4BN
22 INHERITED BELOW 40 YEARS.
23 FROM LAST YEAR’S LIST DIED.
CHINESE STOCK EXCHANGES ATTRACTED MORE BILLIONAIRES THAN US, FOR THE
FOURTH YEAR RUNNING.
(24 February 2016, Beijing, China) Hurun Report today released the Hurun Global Rich List 2016, a
ranking of the US dollar billionaires currently found in the world. Wealth calculations are a snapshot of
15 January 2016. This is the fifth year of the ranking.
The List at a glance
The Hurun Global Rich List 2016 ranked 2188 billionaires from 68 countries, up 99 from last year, in
another record-breaking year for the world’s billionaires.
Total wealth increased by 9% to US$7.3 trillion, more than the GDP of Germany and the UK combined
and coming close to half that of the USA.
729 individuals saw their wealth decrease. 102 dropped out of last year’s list. Russian billionaires lost
US$130bn, on the back of a further 19% drop in the Russian Rouble and with lacklustre performance
of mining, metals and energy.
The average age is 64, same as the last 2 years. 69% are self-made.
Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “Despite its own slowdown
and falling stockmarkets, China minted more new billionaires than any other country in the world last
year, mainly on the back of new listings. Growth in billionaires for the rest of the world was held back
by a slowdown in the global economy, the strengthening of the US dollar and the drop in oil prices.
The number of billionaires, however, has jumped 50% since 2013.”
Top Ten – Hurun Global Rich List 2016
Net
Worth
US$Bn
%
change
Bill Gates
80
2↑
Warren Buffett
68
3↑
Amancio Ortega
64
4*
Jeff Bezos
5↓
6↑
Main Source of
Wealth
Age
Country of
Residence
-6%
Investments
60
USA
-11%
Berkshire Hathaway
85
USA
16%
Zara
79
Spain
53
83%
Amazon
52
USA
Carlos Slim Helu & family
50
-40%
America Movil
76
Mexico
Mark Zuckerberg
47
7%
Facebook
31
USA
Name
1-
2 of 18
7↓
Larry Ellison
46
-15%
Oracle
71
USA
8-
David Koch
44
22%
Energy
75
USA
Charles Koch
44
22%
Energy
80
USA
Bernard Arnault
37
-18%
LVMH
66
France
10*
Michael Bloomberg
Source: Hurun Research Institute 2016
37
76%
Bloomberg
73
USA
810↓
↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10
Bill Gates, 60, retains the Number 1 spot with a fortune of US$80bn. Gates becomes the first person
alive today to have created a US$100bn fortune, having given away more than US$20bn to date. In
January, he bought a new home near Seattle, a 6,000 sq metre property, for US$150 million.
Warren Buffett, 85, saw his wealth decrease by US$8bn or 11%, US$2.2bn of which was a donation
to the Bill and Melinda Gates Foundation. Buffett has recently been buying into oil refiner Phillips 66.
Interestingly, 99 percent of his wealth was earned after his 50th birthday.
Amancio Ortega, 79, is back in the top 3 this year. Inditex, the mother ship of Zara, closed January
with its share price close to historic highs. Daughter Sandra Ortega Mera also makes the list with
US$5.5bn, inherited from her mother.
Jeff Bezos, 52, shot into the Top 10 for the first time with a US$24bn or 83% increase in wealth to
fourth spot with US$53bn on the back of a surge in Amazon shares. Together with Elon Musk of
SpaceX and Tesla fame (US$8.8bn, up 38% to 134th place), Bezos has been making headlines for
his space project: at the end of last year Bezos successfully launched and returned a booster and
capsule from a suborbital flight. Bezos in 2013 purchased the Washington Post.
Carlos Slim Helu, 76, dropped out of Top 3 after losing 40% or US$33bn of his fortune, mainly on the
back of big drops in America Movil and Mineras Fresco. The Mexican billionaire has built a museum
in Mexico City to house his US$100 million collection of art.
Larry Ellison, 71, with US$47bn, saw his wealth drop by 15%, on the back of a reduction in Oracle’s
stock price. Ellison has donated US$4m to the presidential campaign of Marco Rubio.
Mark Zuckerberg, at 31, the youngest member of the Top 10, has had a good year, seeing his wealth
rise US$3bn to US$47bn. Zuckerberg made world headlines in December when he announced that
he would donate 99% of his Facebook stock to a charity set up with wife Priscilla Chan.
Charles, 80, and David Koch, 75, retain their Top 10 spots on the back of a combined US$16bn
increase in their wealth. Charles Koch is an important donor to the Republican presidential campaign.
With a net worth of US$37bn, Michael Bloomberg, 73, shot into the top 10 for the first time on the
back of a rise in sales at his media group. Bloomberg is reported to be toying with the idea of running
for President as an independent. He has donated US$1bn to John Hopkins University.
Where they live
The ‘Big Two’ are China and the USA with 568 and 535 billionaires respectively, amounting to almost
half of the billionaires on the planet. India grew fast. Russia had another bad year.
3 of 18
Beijing is the new ‘Billionaire Capital of the World’, snatching the title from New York for the first time.
100 of the Hurun Billionaires live in the Beijing, up 32 from last year.
Where they live
1↑
2↓
34↑
4↑
6↓
78↑
9↓
10↑
11↑
121314↑
15↓
16↓
17↓
18↑
19*
19*
Country
No of
billionaires
Change in
No. of
billionaires
Greater China
USA
India
Germany
UK
Russia
Switzerland
France
Brazil
Japan
Italy
568
535
111
82
82
80
66
51
49
42
37
90
-2
14
10
2
-13
6
5
-7
-3
10
Canada
35
-4
Turkey
Singapore
South Korea
Australia
Thailand
Spain
Philippines
34
32
31
30
26
21
16
1
6
-2
-2
-3
2
0
Sweden
16
+4
Number of
billionaires
Change in
No. of
Billionaires
Beijing
New York
Moscow
Hong Kong
Shanghai
London
Shenzhen
Mumbai
Hangzhou
Paris
Taipei
San
Francisco
100
95
66
64
50
50
46
45
32
30
23
32
4
-7
-7
20
1
12
5
10
0
-10
28
2
Istanbul
Singapore
Seoul
Tokyo
Sao Paulo
Bangkok
Los Angeles
New Delhi
28
27
27
26
24
24
21
20
-1
5
-1
-2
-6
-3
-1
3
City
1↑
2↓
3↓
4↓
5↑
577↓
9↑
10↑
11↓
11↑
11↓
14↑
14↓
15↓
17↓
17↓
19↓
20-
Source: Hurun Research Institute 2016
↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 20
Greater China: Ranks No 1 with 568 billionaires, 90 more than last year. The combined net worth of
the Chinese billionaires is US$1.4 trillion, similar to the GDP of Australia. Real Estate has generated
most number of billionaires (117), followed by Manufacturing and Tech with 94 and 68 respectively.
Led by Beijing, 5 Chinese cities make the top 10 cities for super wealth creators. Beijing, Hong Kong,
Shanghai, Shenzhen and Hangzhou are home to 100, 64, 50, 46 and 32 billionaires respectively.
Average age of the billionaires is 56. China is the number 1 in the world in terms of generating selfmade billionaires akin to “rags to riches”. Wang Jianlin, 61, of Wanda was the richest Chinese with
US$26bn, just ahead of Li Ka-shing, 87. Jack Ma, 51, of Alibaba was fourth with US$21bn.
USA: Ranks No 2 with 535 billionaires; 2 less than last year. Technology overtook investments to
become the main source of wealth for American billionaires, followed by retail. Tech, investments and
retail made up 122, 105 and 52 billionaires respectively. The combined wealth of the US billionaires
was US$2.4 trillion, just a little less than the GDP of France. New York has the highest concentration
4 of 18
of billionaires, with 93, followed by San Francisco and LA on 28 and 21 respectively. The USA is the
world’s capital for immigrant billionaires, attracting 52 billionaires. 375 self-made and 160 inherited
billionaires. USA added 33 new billionaires. Average age of US billionaires dropped to 60, primarily
because of the death of 13 billionaires with an average age of 84.
India: Consolidates number 3 position. 111 billionaires, 14 more than last year. Manufacturing,
Pharma and Tech are the preferred sectors with 22, 20 and 15 billionaires respectively. Combined
wealth of the Indian billionaires shot up by 16% to US$308bn. Average age is 64. Mumbai is
headquarters to most of the Indian billionaires. Mukesh Ambani (US$26bn, rank 21) is the richest
Indian.
Germany: rises to the no.4 spot with 83 billionaires, 11 more than 2015. With a net worth of US$36bn,
Dieter Schwarz, 76, of Schwarz Group retains the top spot of the German billionaires. F&B, Tech and
Retail are the most popular sectors with 17, 13 and 13 billionaires respectively. Bielefeld and Hamburg
are the preferred cities with 8 billionaires each living there. Average is 65.
UK: Up one place to 4th with 82 billionaires, 2 more than last year. 6 new entrants, led by Mark
Scheinberg, 41, of Poker Stars with a net worth of US$4.4bn. London is the overwhelming city of
choice for 50 billionaires. Retail, Real estate and Manufacturing are the biggest wealth creators with
13, 13 and 7 billionaires respectively. UK billionaires have a combined wealth of US$267bn. Overall
wealth of UK billionaires increased by 10%. Gerald Grosvenor & family and Indian origin SP Hinduja
& family are the richest people living in the UK.
Russia: Drops to sixth position with 80 billionaires; 13 less than 2015. All are self-made. The most
popular sectors are Energy and Real estate with 17 and 12 billionaires respectively. Moscow is home
to 66 billionaires. Combined wealth of the Russian billionaires comes to US$234bn, down by
US$130bn. Overall wealth of Russian billionaires declined by 36%.
Switzerland: 7th with 66 billionaires, 6 more than 2015. With 16 billionaires, Geneva is the No 1 city
for billionaires in Switzerland. Preferred sectors are Pharma (with 15 billionaires) and manufacturing
(with 13 billionaires). Combined wealth of the Swiss billionaires cumulates to US$226.3bn or 20%.
France: rose to 8th position with 51 billionaires, 5 more than 2015. Combined wealth of the French
billionaires is US$300bn, 13% more than previous year. The preferred sector is luxury goods and F&B
with 8 billionaires each. Home to 30 billionaires, Paris is the preferred city.
Brazil: 9th with 49 billionaires, 7 less than 2015. Combined wealth of the Brazilian billionaires totals
US$146bn. Financial services is preferred industry with 10 billionaires followed by TMT and F&B with
5 each.
Japan: 10th with 42 billionaires, 3 less than 2015. Combined wealth of the Japanese billionaires
cumulates to US$111bn. The preferred sector is TMT with 14 billionaires followed by retail with 9.
Tokyo is the preferred city.
Young & Rich
There were 69 billionaires under 40, up by 29. Led by Wang Han, 28, China has the most (28), followed
by USA (19). 21% are women, of which Elizabeth Holmes, 31, is the youngest.
47 are self-made with 22 inherited. It is worth mentioning that Bill Gates became a billionaire aged 31.
5 of 18
Billionaires self-made under 35 years – Hurun Global Rich List 2016
Country
Age
Name
Wealth
US$Bn
Main Company
Gender
25
Evan Spiegel
1.8
Snapchat
M
USA
26
John Collison
1.0
Stripes
M
USA
26
Bobby Murphy
1.8
Snapchat
M
USA
27
Patrick Collison
1.0
Stripes
M
USA
31
Mark Zuckerberg
45
Facebook
M
USA
31
Elizabeth Holmes
4.3
Theranos
F
USA
31
Dustin Moskovitz
10
Facebook
M
USA
32
Wang Yue
1.0
Kingnet
M
China
32
Cheng Wei
1.0
Didi
M
China
32
Nathan Blecharczyk
3.6
AirBnb
M
USA
33
He Zhitao
1.2
Liaison Interactive
M
China
33
Eduardo Saverin
5.6
Facebook
M
Singapore
34
Sachin Bansal
1.4
Flipkart
M
India
34
Binny Bansaal
1.4
Flipkart
M
India
34
Lin Qi
1.5
Youzu
M
China
34
3.6
AirBnb
M
USA
2.1
Hakim
M, F
China
35
Joe Gebbia
Wang Qicheng & Wu
Yan
Zhang Bangxin
1.3
Tal Education
M
China
35
Scott Farquhar
1.9
Atlassian Corp
M
Australia
35
Mike Cannon-Brookes
1.9
Atlassian Corp
M
Australia
35
Wang Tao
3.4
DJI-Innovations
M
China
35, 34
of Residence
Source: Hurun Global Rich List 2016
Source of Wealth – Hurun Global Rich List 2016
TMT, Real estate, Manufacturing and Investments made up half of the main source of wealth
for the billionaires. It has been a good year for Manufacturing, Pharma, Investments and Tech. It
has been a bad year for Energy and Real Estate.
Industry
No.
of
billionaires
Change in
No.
of
billionaires
1-
TMT
307
10
2-
Real Estate
267
-13
3-
Manufacturing
Investments
Retail
241
22
218
175
13
1
45-
6 of 18
Richest person
Company
Jeff Bezos
Wang Jianlin
family
Amazon
Georg Schaeffler
Bill Gates
Amancio Ortega
&
Wanda
Schaeffler
Group
Microsoft
Inditex
678910↑
11↑
12↓
13↑
14*
Food
Beverages
&
160
4
Energy
Financial
Services
Pharmaceuticals
Automobile
116
-13
111
-7
106
49
17
4
Mining
Logistics
Shipping
43
-1
41
-6
Hospitality
33
3
Sports & Arts
27
-
&
Forrest Mars Jr
Mars
Charles & David
Koch
Koch Industry
Thomas Peterffy
Dilip Shanghvi
Susanne Klatten
Georgina Rinehart
Interactive
Brokers
Sun Pharma
BMW
Roy Hill Iron
Ore Mine
Enterprise
rent a car
Hotel
Eden
Karl-Heinz Kipp
Roc
Bernie Ecclestone & Formula One
family
Group
Jack Taylor & family
Source: Hurun Global Rich List 2016
↑ Rank increase yoy ↓ Rank decrease yoy * New Entry - No Rank change yoy
Technology Media and Telecom (TMT) produced the most billionaires – 307, accounting for 14% of
the entire list. 39 were newcomers, coming from AirBnB, Kunlun Tech, Jetsen, Flipkart, MagicLeap
and so on. Jeff Bezos replaced Larry Ellison for the first time in tech billionaires list.
The US has the most number of tech billionaires, followed by China. China is the only country that has
added women billionaires (9 of them) in the tech space
Other Points to Note
Commodity price correction dragged down the wealth of metal & mining billionaires; Lakshmi Mittal,
65, lost US$7bn owing to iron ore price correction of 40% as per IMF commodity price data.
Carlos Slim lost US$30bn last year and slipped to 5th place mainly on the poor performance of his
flagship companies America Movil, Grupo Financiero Inbursa, Impulsora del Desarrollo, Grupo Carso
and Minera Frisco.
Three new billionaires in the top 100 list. Georg Schaeffler (US$20bn) of Schaeffler Group, Salman
bin Abdulaziz Al Saud (US$15bn), King of Saudi Arabia, and Massimiliana Landini Aleotti & family
(US$11bn), of Menarini Pharmaceuticals.
Kingdom Holding’s share price drove down Prince Alwaleed Bin Talal Alsaud’s rank dropped 36
places to 54th.
Thomas Petterffy, 71, of Interactive Brokers, a discount broking firm, tops the list of richest
individuals in the financial service sector with US$11bn wealth.
7 of 18
Women. 15% of the list or 315 women in total. The oldest are Yik-Chun Koo Wang, 98, co-founder
of Johnson Electric, and Maria Franca Fisollo, 98, of Ferrero Rocher.
Migration good or bad? At a time when the world is debating on immigration, it is interesting to note
that 275 or 12.5% of the billionaires are immigrants, led by 52 to the USA, 32 to the UK and 27 to
Switzerland. With 56, China is the country producing most of the migrant billionaires, followed by
Germany with 25 and India with 24. With US$33bn, Sergey Brin, 42, of Google is the wealthiest
immigrant in the world.
Only Asia and Europe registered a growth in the total number of billionaires.
Richest Families: The Wal-mart and Koch Industries are the richest families in the Hurun Global Rich
List 2016 with a cumulative net worth of US$123bn and US$104bn respectively. Mars family at
US$72bn follows them.
Politically active. Charles and David Koch are active donors to the Republican Party. Donald
Trump, US$6.5bn and Michael Bloomberg, US$37bn are either running for or thinking about running
for US President. Former Prime Ministers include Silvio Berlusconi of Italy and Saad Hariri of
Lebanon. 8 ruling royal families, including Saudi Arabia, Brunei, UAE, Morocco, Thailand, Qatar and
Liechtenstein.
The Indian ‘Sam Walton’: Supported by the strong performance of his investments and also his
flagship company Lulu hypermarket, MA Yousuf Ali increased with wealth by US$3bn or 82% to
US$6bn.
123 billionaires own Fortune Global 500 companies, 76 from USA, 10 from China.
Oldest. The oldest billionaires on the list are 100 year old David Rockefeller Sr (US$1.5bn) followed
by 99 year old billionaire investor Henry Hillman ($2.4bn).
23 billionaires from last year’s Hurun Global Rich List died. Average age of the death is 86. Subway
co-founder Fred DeLuca died at the early age of 67.
The billionaire obituary – Hurun Global Rich List 2016
Name
Fred DeLuca
Richard Rainwater
Jassim Al Kharafi
Susan Hirt Hagen
Peter Lewis
Donna MacMillan
Richard Scaife
Maria Solari Falabella
Lee Seng Wee
Alfred James Clark
Michele Ferrero
Company
Subway
Rainwater Investments
The Kharafi Group
Erie Indemnity
Progressive
Cargill
Newsmax
SACI Falabella
Overseas China Banking
Corp
Clark Enterprises
Ferrero Rocher
8 of 18
Country
USA
USA
Kuwait
USA
USA
USA
USA
Chile
Age
67
70
74
77
81
82
82
83
Net Worth 2015 (US$Bn)
2.6
2.7
1.5
1.9
1.3
1.8
1.3
1.8
Singapore
84
1.5
USA
Monaco
87
88
2.3
22
Joe Jamail Jr
William C Ford Sr
Hans Guido Riegel
Heinz-Horst Deichmann
Karen Boyd
Alfred Taubman
Brijmohan Lall Munjal
Kenneth Adams Jr
Ingeburg Herz
Alberto Benavides
Karl Wlaschek
Kirk Kerkorian
Joe Jamail Lawsuits
Ford Motor
Haribo
Deichmann
S.C Johnson
Taubman Centers
Hero Group
Adams Resources & Energy
Beiersdorf
Buenaventura
Billa
MGM Resorts
USA
USA
Germany
Germany
USA
USA
India
USA
Germany
Peru
Austria
USA
88
89
90
90
90
90
91
92
93
94
97
97
1.5
1.2
2.7
2.6
2.4
1.2
3.1
1.2
2.8
1
3
2.2
Source: Hurun Research Institute 2016
Chinese Diaspora: Where they live – Hurun Global Rich List
Chinese diaspora. 630 or 29% of billionaires are of Chinese origin, up 101 from 529 last year. Outside
of Greater China, the Chinese diaspora are based predominantly in South East Asia, led by Singapore
and Indonesia. Chinese make up 20% of the world’s population.
Residence
No. of Billionaires
Mainland China
470 (+74)
Hong Kong
60 (-11)
Chinese Taipei
34 (-14)
Singapore
20 (+6)
Indonesia
10 (-)
Malaysia
10 (+3)
Philippines
8 (+2)
Thailand
8 (+3)
USA
8 (-)
Canada
1 (+1)
France
1 (+1)
Total
630 (+101)
Source: Hurun Global Rich List 2016
Trends in Number of Billionaires
The world’s billionaires have grown 50% since 2013, from 1453 to 2188. Over the same period,
Mainland Chinese have grown 80%.
Year
Cut-off to Hurun
Global Rich List
US$Bn
Total No.
on List
Mainland
Chinese on List
9 of 18
Greater
Chinese on List
Mainlanders
in Top 100
2012
100
83
2013
10
1453
2014
10
1867
2015
10
2089
2016
10
2188
Source: Hurun Research Institute 2016
1
262
291
359
470
5
357
458
478
568
1
2
3
8
8
Measuring the degree to which Billionaires are Self-Made
Hurun Report measures the degree to which billionaires are inherited or self-made. The scorecard is
out of five, where 1 is inherited and not active in business, and 5 is self-made without help from parents.
Self-made with a little help from parents was the most common route to becoming a billionaire. An
example is Mark Zuckerberg, who was educated at Phillips Exeter Academy, one of America’s bestknown private high schools. Second was self-made without help from parents, most of whom are
coming from China and the US. Third was inheriting a business and growing it into a much bigger
entity, eg Rupert Murdoch.
China leads with self-made ‘5s’.
9% of the Self-Made ‘4s’ and ‘5s’ are female, whilst 70% of the ‘1s’ are female.
69% are self-made.
59 individuals, or 2.6%, are from the 4th generation or more.
Countries by Self-Made Scorecard
Self-Made
Scorecard
%
of
billionaires
5
34%
4
3
2
1
35%
21%
7%
3%
TOP
3
Countries
(with %. of billionaires)
1. China (66%)
2. USA (11%)
3. Chinese Taipei (3%)
1. USA (38%)
2. Russia (9%)
3. India (6%)
1. USA (21%)
2. India (10%)
3. Germany (9%)
1. USA (26%)
2. China (13%)
3. Chinese Taipei (4%)
1. USA (32%),
2. Brazil (9%)
3. China (2%)
Source: Hurun Research Institute 2016
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Example
Self-made without parental financial support
eg Warren Buffett
Self-made, but with a helping hand from
parents such as through private education, eg
Mark Zuckerberg
Inherited financial independence, but grew it
big time.
Inherited, but active in the business eg Liliane
Bettencourt of L’Oreal
Inherited and not actively involved in the
business, eg Laurene Powell Jobs of Apple
Billionaires by Continent – Hurun Global Rich List 2016
35% of new billionaires reside in Asia. Asia is drawing away from North America with 207 new
billionaires to take it to 1022 individuals, followed by North America with 584 billionaires and Europe
441.
Europe added US$253bn this year, 18% higher than that of last year.
South America lost US$37bn mainly on account of 21% correction of BOVESPA index and 35%
depreciation of Brazilian Real.
Oceania is the only continent where a woman leads the billionaires’ list. (Georgina Rinehart, US$16bn).
With a cumulative net worth of US$84bn, Africa has 29 billionaires on the Hurun Global Rich List 2016.
Aliko Dangote, 58, of Dangote Cements leads the pack with US$10bn.
1
2
3
4
5
6
Continent
No.
of
billionaires
Change in No
billionaires YoY
Asia
North America
Europe
South America
Oceania
Africa
1,022
584
441
82
31
29
79
-5
40
-10
-2
-2
of
Combined wealth US$
Bn
2,651
2,617
1,707
228
77
84
Source: Hurun Global Rich List 2016
European Union – A quick look
The EU has 344 billionaires this year. Average age of billionaires in the EU is 67, three years higher
than the overall list.
Billionaires by EU country
Country
Germany
UK
France
Italy
Spain
Austria
Denmark
Netherlands
Sweden
No. of Billionaires
Average Age
Top Industry
83
82
51
37
21
13
14
11
16
64.7
66.1
67.9
68.1
68.5
66.5
61.5
70.9
66.9
Food & Beverages
Real Estate
Food & Beverages
Retail
Real Estate
Packaging
Manufacturing
Food & Beverages
Investments
Source: Hurun Research Institute 2016
Stats
The cut-off required for the Top 100 fell slightly, whilst for the Top 200, 500 and 1000 was up.
11 of 18
Rank on List
10
100
200
500
1000
2016 Cut-off required
US$bn
37
11
6.6
3.5
2.1
2015 Cut-off required
US$bn
36
12
5.9
2.6
1.9
2014
Cut-off
required US$bn
36
11.5
6.9
3.4
2
Source: Hurun Global Rich List 2016
Currency fluctuations
The US Dollar has strengthened again against most of the other major currencies.
Currency fluctuations against the US Dollar – Hurun Global Rich List 2016
Country
Japan
UK
China
India
Australia
% drop in currency
0%
5%
7%
12%
14%
% Change in Wealth
3%
13%
25%
26%
11%
Source: Hurun Global Rich List 2016
Stock Exchanges
China has more billionaires listed on its stock exchanges than the USA, leading with 393 compared
with 239 billionaires listed in the USA. The Argentinean Stock Exchange (MERVAL) performed the
best at 36%; Chinese Shenzhen had a good year, with a gain of 22%. NYSE returned a negative
declined growth of -11% while London Stock Exchange returned a declined growth of -11%.
Companies that created most Billionaires - Hurun Global Rich List 2016
Hyatt and Cargill has created more billionaires than any other company on the Hurun Global Rich List
2016, with 10 members of the extended Pritzker family (Hyatt), MacMillan (Cargill) and the Cargill
family (Cargill) making the list, followed by Roche and Dr Oetker.
Rank
1
1
3
4
5
5
7
No. of Billionaires
Company
Hyatt
10
10
Cargill
Roche
9
8
7
Dr Oetker
SC Johnson & Son
Wal-Mart
7
5
SACI Falabella
12 of 18
7
7
7
7
Infosys
Hennes & Mauritz
5
Estee Lauder
5
5
5
Facebook
Source: Hurun Global Rich List 2016
Chinese Star Signs
Snakes did best on this year’s list again, followed by Horses and Oxen. Dragons had the worst year,
dropping 0.65% and three places to sixth. Those born in the year of the Monkey, which started last
month, had a good year, up one place to sixth.
1
Rank
Change
-
Star
Sign
Snake
9.8%
%
change
0.31%
2
-
Horse
9.0%
-0.17%
3
-
Ox
8.8%
-0.21%
4
1
Rabbit
8.7%
-0.06%
5
1
Sheep
8.6%
0.34%
6
-3
Dragon
8.4%
-0.65%
6
1
Monkey
8.4%
0.25%
8
1
Dog
8.0%
0.21%
9
-1
Rat
7.9%
-0.14%
9
1
Tiger
7.9%
0.16%
11
1
Rooster
7.5%
0.28%
12
-1
Pig
7.1%
-0.31%
Rank
%
Source: Hurun Global Rich List 2016
Table: Top 100 - Hurun Global Rich List 2016
Rank
Chan
ge
Name
1
0
Bill Gates
2
1
Warren Buffett
3
1
Amancio Ortega
4
18
5
-3
Jeff Bezos
Carlos Slim Helu
& family
6
1
Mark Zuckerberg
Net
Worth
US$Bn
%
change
Main
Company
80
-6%
-11%
Microsoft
Berkshire
Hathawa
y
16%
Inditex
83%
68
7
-2
Larry Ellison
8
0
Charles Koch
64
53
50
47
46
-40%
7%
-15%
44
22%
Industry
Age
Country of Residence
City of
Residence
Investments
60
USA
Medina
Investments
Single Brand
Retailing
85
USA
Omaha
79
Spain
La Coruna
Amazon
America
Movil
Faceboo
k
Online Retail
52
USA
Investments
76
Mexico
Seattle
Mexico
City
Technology
31
USA
Palo Alto
Oracle
Koch
Industrie
s
Technology
71
USA
Woodside
Energy
80
USA
Wichita
13 of 18
44
8
0
David Koch
10
-4
10
29
Bernard Arnault
Michael
Bloomberg
12
-4
Dieter Schwarz
22%
37
37
36
1
Larry Page
Liliane
Bettencourt
34
14
4
Sergey Brin
33
16
-3
Jim Walton
17
-6
Alice Walton
18
-5
19
9
20
54
Robson Walton
Ingvar Kamprad &
family
Jorge Paulo
Lemann
12
Wang Jianlin &
family
26
21
21
20
Mukesh Ambani
26
13
4
14
33
31
30
29
28
27
-18%
Koch
Industrie
s
-7
23
11
23
-12
Li Ka-shing
Bertrand Puech &
family
Christy Walton &
family
25
25
1
George Soros
0
27
-9
Lee Shau Kee
Gérard Mulliez &
family
27
1
Jacqueline Mars
27
9
Steve Ballmer
27
1
Forrest Mars Jr
27
1
33
3
33
144
John Mars
David Thomson &
family
Leonardo Del
Vecchio
33
11
Phil Knight
24
24
24
24
24
23
23
23
New York
66
France
Paris
Media
Multi Brand
Retailing
73
USA
76
Germany
New York
Neckarsul
m
10%
Google
Technology
42
USA
Palo Alto
0%
L'Oreal
Cosmetics
93
France
Paris
10%
Google
42
USA
Los Altos
-9%
Wal-Mart
67
USA
Bentonville
-14%
Wal-Mart
66
USA
Fort Worth
-15%
Wal-Mart
Technology
Multi Brand
Retailing
Multi Brand
Retailing
Multi Brand
Retailing
Single Brand
Retailing
71
USA
Bentonville
89
Switzerland
Lausanne
Investments
Real estate,
entertainmen
t
76
Brazil
Sao Paulo
62
China
Beijing
58
India
Mumbai
88
China
Hong Kong
79
France
Paris
60
USA
Jackson
85
USA
New York
88
China
Hong Kong
84
France
Croix
76
USA
Technology
Food &
Beverages
Food &
Beverages
60
USA
The Plains
Hunts
Point
85
USA
Big Horn
81
USA
Jackson
Media
Luxury
Goods
Footwear
Retail
58
Canada
Toronto
80
Italy
78
USA
Milan
Hillsboroug
h
8%
93%
Ikea
3G
Capital
4%
Wanda
30%
Reliance
Energy
Real
Estate、
-22%
Cheung
Kong
4%
Hermes
-29%
-11%
Wal-Mart
Soros
Fund
Manage
ment
Energy、
Investments
Single Brand
Retailing
Multi Brand
Retailing
-9%
Henders
on Land
-20%
Auchan
-8%
Mars
9%
Microsoft
-8%
Mars
-8%
5%
Mars
Thomson
Reuters
21%
Luxottica
21%
Nike
24
27
USA
0%
76%
25
23
75
LVMH
Bloomber
g
Schwarz
Group
25
23
Energy
Single Brand
Retailing
14 of 18
Hedge
Funds
Real
Estate、
Investments
Multi Brand
Retailing
Food &
Beverages
36
-2
Jack Ma Yun &
family
36
-12
Sheldon Adelson
38
New
38
-2
Georg Schaeffler
Maria Franca
Fissolo & family
38
-16
Carl Icahn
41
12
41
2
Pony Ma
Zong Qinghou &
family
41
-17
Stefan Persson
41
53
Anne Cox
Chambers
41
29
Paul Allen
46
-28
Karl Albrecht Jr &
family
46
7
48
-1
-31%
12%
Tencent
IT
45
China
Shenzhen
0%
Drinks
Single Brand
Retailing
71
China
Hangzhou
68
Sweden
Stockholm
46%
Wahaha
Hennes
& Mauritz
Cox
Enterpris
e
Media
96
USA
36%
Vulcan
Investments
63
USA
-40%
Aldi Sud
Sun
Pharma
Hinduja
Group
System
Capital
Manage
ment
Bridgewa
ter
Associat
es
67
Germany
Atlanta
Mercer
Island
Mulheim
an der
Ruhr
59
India
Mumbai
81
UK
London
Investments
49
Ukraine
Donetsk
Hedge
Funds
66
USA
Greenwich
Technology
50
USA
Real Estate
83
USA
Austin
Newport
Beach
Investments
Food &
Beverages
72
USA
Dallas
75
Canada
Toronto
93
China
Hong Kong
90
France
Paris
72
Germany
Hamburg
66
Japan
Tokyo
60
Saudi Arabia
Riyadh
21
-14%
21
-25%
20
20
New
-9%
20
Dilip Shanghvi
SP Hinduja &
family
19
19
19
-32%
19
19
18
18
16
6%
-11%
16
48
-7
Rinat Akhmetov
-20%
16
48
51
Ray Dalio
48
51
Michael Dell
48
5
Donald Bren
48
56
54
170
Elaine Marshall &
family
Galen Weston &
family
Robert Kuok
Serge Dassault &
family
Michael Otto &
family
54
5
54
20
54
6
54
-10
Tadashi Yanai
54
-36
Alwaleed Bin Talal
Alsaud
39%
16
16
33%
-6%
16
45%
15
188%
-9%
15
15
Dell
Irvine
Company
Koch
Industrie
s
George
Weston
52
China
Hangzhou
Casinos
Manufacturin
g
Food &
Beverages
82
USA
51
Germany
98
Monaco
Las Vegas
Herzogena
urach
Monte
Carlo
Investments
79
USA
New York
Multi Brand
Retailing
Pharmaceuti
cals
Manufacturin
g
Kuok
15
15
Ecommerce,
finanical
service
Alibaba,
Ant
Financial
Las
Vegas
Sands
Schaeffle
r Group
Ferrero
Rocher
Icahn
Enterpris
es
7%
-6%
-21%
15
-50%
Group
Dassault
System
Otto
Group
Fast
Retailing
Kingdom
Holding
Company
15 of 18
Diversified
Aviation
Technology
Multi Brand
Retailing
Multi Brand
Retailing
Investments
54
New
54
20
Salman bin
Abdulaziz Al Saud
Gerald Grosvenor
& family
54
-7
Leonard Blavatnik
63
11
Lei Jun
15
15
15
New
Oil & Gas
80
Saudi Arabia
Riyadh
Real Estate
64
UK
Cheshire
Energy
Mobile
phone,
investments
58
UK
London
47
China
Beijing
0%
Grosven
or
Lyondellb
asell
Xiaomi
Technolo
gy
China
Pacific
Construct
ion
Croup
Infrastructur
e
30
China
Nanjing
-7%
Fidelity
Investments
54
USA
Milton
-22%
Technology
52
USA
Palo Alto
Investments
Financial
Services
73
USA
New York
71
USA
Greenwich
Hedge
Funds
77
USA
New York
Banking
77
Brazil
Sao Paulo
-28%
Apple
Scientific
Game
Interactiv
e Brokers
Renaissa
nce
Technolo
gies
Grupo
Safra
Brunei
Investme
nt
Agency
Brunei
-28%
Baidu
China
Beijing
-19%
Shapoorji
Pallonji
IT
Engineering
&
Construction
Pharmaceuti
cals
69
48
、
46
Bandar
Seri
Begawan
86
India
74
Monaco
Mumbai
Monte
Carlo
91
Philippines
Manila
71
Thailand
Bangkok
62
USA
Denver
Investments
68
USA
New York
Mining
61
Australia
Perth
7%
-17%
14
0%
14
63
11
Yan Hao
63
3
63
-16
Abigail Johnson
Laurene Powell
Jobs & family
63
11
Ronald Perelman
63
266
Thomas Peterffy
63
11
James Simons
70
29
Joseph Safra
70
-23
Haji Hassanal
Bolkiah
70
-23
Li Yanhong & Ma
Dongmin
70
-10
Pallonji Mistry
70
205
Stefano Pessina
70
4
70
81
70
-23
70
67
79
-19
79
25
79
122
Georgina Rinehart
Emilio Alves
Odebrecht &
family
Marcel Herrmann
Telles
79
-13
Susanne Klatten
14
14
14
14
0%
324%
14
0%
13
8%
13
13
13
13
132%
13
Henry Sy & family
Charoen
Sirivadhanabhakdi
Charles Ergen
Stephen
Schwarzman
-7%
13
13
13
55%
-28%
35%
12
79
25
Shiv Nadar
Energy
-25%
12
12
12
Multi Brand
Retailing
Food &
Beverages
Entertainme
nt
Petrochemic
al
-
Brazil
-
107%
Odebrec
ht
3G
Capital
Investments
65
Brazil
-20%
BMW
Automobile
54
Germany
Sao Paulo
Bad
Homburg
9%
HCL
Technology
70
India
New Delhi
9%
12
Walgreen
Sm
Prime
Holding
Thai
Beverage
Dish
Networks
Blacksto
ne
Roy Hill
Iron Ore
Mine
16 of 18
Masayoshi Son
Charlene
Carvalho
12
12
-5
Viktor Vekselberg
Ernesto Bertarelli
& family
Gennady
Timchenko
Bhumibol
Adulyadej
Patrick SoonShiong
91
86
Xu Jiayin
91
3
91
New
Stefan Quandt
Massimiliana
Landini Aleotti &
family
79
-26
79
103
79
-19
79
20
79
41
79
-5
79
91
-31
-29%
Softbank
9%
Heineken
12
Telecom
Food &
Beverages
60
Japan
61
Netherlands
Tokyo
Amsterda
m
Energy
Pharmaceuti
cals
59
Russia
Moscow
50
Switzerland
Gstaad
-25%
Renova
0%
Serono
20%
Energy
63
Switzerland
Geneva
Diversified
Pharmaceuti
cals
Real Estate,
Investments
88
Thailand
63
USA
64%
Gunvor
CPB
Holdings
Nant
Works
Evergran
de
58
China
-15%
BMW
Automobile
49
Germany
Bangkok
Los
Angeles
Guangzho
u
Bad
Homburg
New
Menarini
Pharmaceuti
cals
72
Italy
-
Vladimir Potanin
11
-31%
Interros
Steel
55
Russia
Moscow
11
0%
Electronics
74
South Korea
Seoul
Energy
67
UAE
Abu Dhabi
Packaging
90
UK
Wadhurst
Investments
63
USA
Dallas
USA
St Louis
59
USA
New York
51%
Menards
Logistics
Hedge
Funds
Multi Brand
Retailing
93
12%
Samsung
SBK
Holdings
Tetra
Pak
Beal
Bank
Enterpris
e Rent A
Car
Sac
Capital
75
USA
Eau Claire
91
13
91
-25
Lee Kun Hee
Khalifa bin Zayed
Al Nahyan
91
13
Hans Rausing
91
94
Andrew Beal
91
13
Jack Taylor &
family
91
43
Steve Cohen
91
68
John Menard Jr
12
12
12
12
11
11
-14%
-14%
11
11
-27%
11
11
0%
69%
11
0%
11
11
For the full list, see www.hurun.net
About Hurun Report Inc.
Nobody Knows China’s Rich Better!
Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has
grown into a leading media and research house based in Shanghai, China, best-known for its rankings
of the richest people in China, India and the rest of the world.
Hurun Report Inc. has four divisions: Hurun Report Media, a stable of digital media and four magazines;
Hurun Research Institute; Hurun Conferences, an active events division targeting entrepreneurs and
high net worth individuals; and Hurun Investments, a US$20m early stage venture capital fund with
investments into tech, media, retail and education. .
For further information, see www.hurun.net
17 of 18
For media inquiries, please contact:
Hurun Report
Porsha Pan
Tel: +86-21-50105808*601
Mobile: +86-139 1838 7446
Email: porsha.pan@hurun.net
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