Friday, February 28, 2014

Who's WHO in China's Hurun Global Rich List 2014


Hurun Report released the Hurun Global Rich List 2014, a ranking of the US dollar billionaires currently found in the world.  Wealth calculations are a snapshot of 17 January 2014.  This is the third year that Hurun Report has released a ranking of the dollar billionaires in the world, the so-called ‘Nine-Zero Club’. 

US ECONOMIC RECOVERY AND IT BOOM DRIVES WORLD’S BILLIONAIRES UP 414 TO 1867
BILL GATES TAKES BACK TOP SPOT FROM MEXICAN CARLOS SLIM; NEW YORK REASSERTS ITSELF OVER MOSCOW AS BILLIONAIRES PREFERRED CITY
LEADING AUTHORITY ON CHINA’S WEALTHY RELEASES HURUN GLOBAL RICH LIST

·         WORLD’S BILLIONAIRES EXPANDED BY 414 TO 1867 INDIVIDUALS IN RECORD-BREAKING YEAR.
·         946 SAW WEALTH INCREASE, OF WHICH 152 BY MORE THAN 50%. ONLY 318 SAW WEALTH DECREASE.
·         1867 BILLIONAIRES FROM 68 COUNTRIES. OF 414 INCREASE, USA LEADS WITH 72, FOLLOWED BY CHINA 41, UK 22, JAPAN 21.
·         BILL GATES FORTUNE INCREASES US$14BNTO MAKE HIM RICHEST MAN ON EARTH WITH US$68BN, OVERTAKING CARLOS SLIM FOR FIRST TIME IN THREE YEARS.
·         USA AND CHINA DOMINATEWITH 481 AND 358 BILLIONAIRES RESPECTIVELY, MAKING UP HALF THE HURUN LIST. RUSSIA, UK AND INDIA FOLLOW.
·         NEW YORK OVERTAKES MOSCOWTO BECOME BILLIONAIRE CAPITAL OF THE WORLD, FOLLOWED BY HK, BEIJING AND LONDON.
·         TECHNOLOGY OVERTOOK REAL ESTATE TO BE KEY SOURCE OF WEALTH. MANUFACTURING, INVESTMENTS AND RETAIL FOLLOW.
·         482 NEW FACES, INCLUDING WHATSAPP FOUNDERSUKRAINIAN JAN KOUM, 37, & BRIAN ACTON, 42, US$8.5BN & 3.8BN RESPECTIVELY.
·         US MOST ATTRACTIVE COUNTRY FOR IMMIGRANT BILLIONAIRESWITH 42. CHINA AND INDIA TOP COUNTRIES PRODUCING BILLIONAIRES, WHICH HAVE MIGRATED OUT, WITH 99 AND 15 RESPECTIVELY.
·         TOTAL WEALTH US$6.9 TRILLION, MORE THAN GDP OF JAPAN.
·         26 INDIVIDUALS BELOW 40 YEARS, 13 SELF-MADE. SNAPCHAT FOUNDERS EVAN SPIEGEL, 23, AND BOBBY MURPHY, 25, STEAL TITLE OF YOUNGEST BILLIONAIRES FROM FACEBOOK’S MARK ZUCKERBERG AND DUSTIN MOSKOVITZ. AVERAGE AGE ON LIST 64 YEARS. CHINA YOUNGEST WITH 56 YEARS AVERAGE.
·         JEFF BEZOS, 51, OF AMAZON, AND CASINO KING SHELDON ADELSON, 81, BROKE INTO TOP 10 FOR FIRST TIME
·         68% SELF MADE. 47 BILLIONAIRES ARE 4TH GENERATION OR MORE.
·         457 BILLIONAIRES OF CHINESE ORIGINMAKING UP 24%. South East Asia, led by Singapore and Indonesia, SEE HIGH CONCENTRATION OF CHINESE ORIGIN BILLIONAIRES. 8 reside in the US.
·         BIGGEST GAINER. ELECTRIC VEHICLE TYCOON ELON MUSK, 43, OF TESLA MOTORS, QUADRUPLED WEALTH TO US$6.6BN.
·         68 DROPPED OFF LAST YEAR’S LIST, LED BY EIKE BATISTA, 58, OF BRAZIL. RANKED 90TH LAST YEAR, LOST MORE THAN US$10BN.
·         POLITICS.90 CHINESE BILLIONAIRES IN SENIOR POLITICAL ADVISORY POSITIONS.
·         6 RULING ROYAL FAMILIES INCLUDING SAUDI ARABIA, BRUNEI, ABU DHABI, DUBAI, MOROCCO AND LIECHTENSTEIN.
·         CHINESE STOCK EXCHANGESATTRACT MORE BILLIONAIRES THAN US, FOR SECOND YEAR RUNNING.
·         4500 DOLLAR BILLIONAIRES IN GLOBE, UP 500 FROM LAST YEAR. “FOR EVERY ONE WE HAVE FOUND, WE HAVE MISSED AT LEAST ONE, MEANING THERE ARE LIKELY TO BE 4500 NOW IN THE WORLD,” SAYS RUPERT HOOGEWERF, CHAIRMAN AND CHIEF RESEARCHER OF HURUN REPORT.

(25 February 2014, Beijing, China) Hurun Report today released the Hurun Global Rich List 2014, a ranking of the US dollar billionaires currently found in the world.  Wealth calculations are a snapshot of 17 January 2014.  This is the third year that Hurun Report has released a ranking of the dollar billionaires in the world, the so-called ‘Nine-Zero Club’. The Hurun Global Rich List 2014 is sponsored by Chinese luxury property developer Star River Property.
The List at a glance
The Hurun Global Rich List 2014 ranked 1867 billionaires from 68 countries.
A 33% resurgence in the US stock markets was the major driver for a record year for the world’s billionaires. Of the 1867 billionaires, 946 saw their wealth increase – 152 saw their wealth increase by over 50% - and there were 482 new faces.  Only 318 individuals saw their wealth decrease and 123 remained unchanged.
The total wealth of the 1867 billionaires amounted to a staggering US$6.9 trillion, more than the GDP of Japan, the third largest global economy.
The average age is 64, up one year from last year. One in nine is female, compared with one in ten last year. Over half self-made women are Chinese.
Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “The US economic recovery and an IT boom have driven the world’s billionaires to record levels.  What with the main growth in new billionaires coming from the US, New York overtaking Moscow, technology overtaking real estate as the primary source of wealth and Bill Gates taking back top spot from Mexican Carlos Slim, it has been a year when developed markets have reasserted themselves against emerging markets.”
“China’s billionaires are shooting up the Hurun Global Rich List.  This is why Hurun Report, a media headquartered in Shanghai, China, has set out on this quest to track down and rank the world’s billionaires.”

Table: Top Ten – Hurun Global Rich List
  
NET WORTH US$bn
 % CHANGE YOY
SOURCE OF WEALTH
AGE
 COUNTRY OF RESIDENCE
1↑
Bill Gates
68
26%
Microsoft
59
USA
2-
Warren Buffett
64
10%
Berkshire Hathaway
84
USA
3-
Amancio Ortega
62
13%
Inditex
78
Spain
4↓
Carlos Slim Helu & family
60
-9%
America Movil
75
Mexico
5↑
Larry Ellison
48
12%
Oracle
70
USA
6↓
Bernard Arnault
46
-10%
LVMH
65
France
7*
Jeff Bezos
37
42%
Amazon
51
USA
8*
Sheldon Adelson
36.5
59%
Las Vegas Sands
81
USA
9↓
Charles Koch
36
16%
Koch Industries
79
USA
9↓
David Koch
36
16%
Koch Industries
74
USA
Source: Hurun Global Rich List 2014 sponsored by Star River Property
↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy  * New to Top 10

Jeff Bezos and Sheldon Adelson break into Top 10
Eight of the Top 10 are self-made and seven are from the US.
At 59, Bill Gates shot back up to Number One with a fortune of US$68bn, up US$14bn on the past year, mainly on the back of strong gains in his investments. Gates stepped down as chairman of Microsoft this year, leaving him more time for his philanthropy.
Warren Buffett, 84, and Zara founder Amancio Ortega, 78, were second and third for the second year running, growing 10% and 13% to US$64bn and US$62bn respectively.
Carlos Slim Helu, 75, lost the top spot that he had been holding for the past two years, after seeing his wealth drop by US$6Bn, mainly on the back of a 9% drop in the value of America Movil and a weak Mexican Peso.
Larry Ellison, 70, saw his wealth increase by US$5bn, thanks to a 25% gain in Oracle’s stocks. The bulk of his fortune comes from his 23% stake in Oracle.
Bernard Arnault, 65, the ‘King of Luxury’, saw his wealth drop by US$5bn, on the back of an 11% fall in LVMH.
Jeff Bezos, 51, of Amazon and ‘Casino King’ Sheldon Adelson, 81, both broke into the Top 10 for the first time, after Amazon and Las Vegas Sands surged 30% and 67%. Bezos is the youngest member of the global top ten.
In this past year, Wang Jianlin of Wanda (US$25bn, rank 26), 60, has dominated headlines in China, both for his domestic activity, where he has now become the largest landlord in the country with 18 million square meters, and internationally. Wang has succeeded in listing his US cinema chain, has purchased Sunseeker, a UK luxury yacht brand, has announced a US$1bn development in London and has purchased a Picasso painting for US$28 million. Wang is the highest ranked Mainlander since records began. Little wonder Wang was the Hurun Most Respected Entrepreneur of the Year 2013.
The Chinese Year of the Horse is shaping up to be a two-horse race between Jack Ma of Alibaba(tripling to US$7.1bn, rank 192) and Pony Ma of Tencent (doubling to US$14bn, rank 70) for domination of China’s internet space. The family name ‘Ma’ in Chinese means horse and 2014 is the Year of the Horse in China.  Alibaba, in which Jack owns 7%, dominates ecommerce in China and is expected to be worth over US$100bn after the much anticipated IPO later this year.  Tencent’s WeChat tool dominates communications.
New energy tycoon Li Hejun, shot straight into 136th place with a US$9.1bn fortune, from his hydropower and solar businesses.
Rags to Riches and back to Rags in 3 Generations
68% are self-made.  Of the 32% that inherited their wealth, 331 are second generation, 119 third generation, and 47, or 2.5%, are from the 4th generation or more.
The richest individuals from the 4th generation or more are Bertrand Puech of Hermes (US$22bn, rank 31; Gerald Grosvenor (US$11.2bn, rank 104), Bruno Schroder (US$5.9bn, rank 244) & Charles Cadogan (US$5.8bn, rank 248) of the UK; and Antti Herlin (US$5.3bn, rank 279) of Finland.
Deaths.Four billionaires from last year’s Hurun Global Rich List died last year: Rosalia Mera, Patrick Ricard, Barbara Piasecka Johnson and Otto Beisheim.  Rosalia Mera, ex-wife of Amancio Ortega and co-founder of Zara, died in August 2013, leaving US$6.1bn, 90% of her wealth, to her daughter Sandra, 45.
Passing on wealth.Bridgit Rausing, widow of Gad Rausing, heir to packaging giant Tetra Pak gave away her US$14bn fortune to her three children Kristen, Finn & Jorn Rausing.
Oldest.The oldest billionaires are 99 year old David Rockefeller Sr (US$2.9bn, rank 596), followed by two 98 year old billionaires; investor Henry Hillman ($2.2bn, rank 852) and Taiwanese Lin Yu-Chia(US$1.7bn, rank 1139).
Till Divorce makes us rich. Slavica Ecclestone received a US$1.2bn settlement from F1 boss Bernie Ecclestone after their 23 year marriage, ranking her in her own right on the list at 1211.
Others of Note
L’Oreal heiress Liliane Bettencourt dropped down by one place to 11th, but maintained her title of richest woman on the planet with a US$34bn fortune.
86-year old Li Ka-Shing saw his wealth increase by US$1bn to retain his title of Asia’s Richest Man. Li has courted controversy in China by selling off much of his Mainland China landbank, leading investors to wonder whether China’s property market has peaked.
The 41-year old Google founders Larry Page and Sergey Brin broke into the Top 20, after seeing Google’s stock price increase 50%.  Page is also an investor into Elon Musk-founded Tesla Motors, whose stock price quadrupled in the last year. Musk was the biggest gainer last year.
Walton family. Were the Wal-mart fortunes to be combined, the family would have US$129bn this year, making them the richest family in the world by far.
Stefan Persson, 67, saw his wealth rise by US$7.7bn, on the back of a 25% increase in H&M’s stock price.
Star River Property, a luxury property developer in China, is the sponsor of the Hurun Global Rich List 2014.  Star River Property is owned by Huang Wenzai, ranked 789, with a personal wealth of US$2.3bn.
Politics. 97 have senior political roles, led by 5 ruling families. The richest monarch is the Sultan of Brunei, coming in at 35th place with a net worth of US$20bn. Also making the list for the first time are the rulers of Abu Dhabi, Dubai, Liechtenstein & Morocco. However the richest royal is Prince Alwaleed Bin Talal Alsaud of the Saudi royal family with a net worth of US$29bn.
90 Chinese billionaires have senior political positions, up from 83 last year. Mainland Chinese led by NPC delegate Zong Qinghou of Wahaha (US$20bn, rank 35), and CPPCC delegate Robin Li of Baiduwith US$10bn.Michael Bloomberg, the former mayor of New York, is the richest former politician, coming in at 24th place with US$27bn.

Where they live
The US is home to 481 billionaires, followed by China with 358 billionaires. Between the Big Two, they now have half of all billionaires on the planet. The UK, Japan, Switzerland, India and Russia grew fast.
New Yorkis officially the ‘Billionaire Capital of the World’, taking the title from Moscow for the first time. 84 of the Hurun Billionaires live in the Big Apple, up 14 from 70 last year.
51% of new billionaires reside in Asia.Asia is drawing away from North America with 216 new billionaires to take it to 824 individuals, followed by North America with 528 billionaires and Europe 371.
Table: Where they live - Hurun Global Rich List 2014

Country
No. of Billionaires
Change in No. of Billionaires
 

City
No. of Billionaires
Change in No. of Billionaires
1-
USA
481
72
 
1↑
New York
84
14
2-
China
358
41
 
2↓
Moscow
77
1
3-
Russia
103
15
 
3-
Hong Kong
65
11
4↑
UK
77
22
 
4-
Beijing
57
16
5↑
India
70
17
 
4-
London
49
10
6↓
Germany
66
5
 
6↑
Mumbai
33
9
7-
Switzerland
56
15
 
7↓
Istanbul
28
2
8↑
Brazil
48
15
 
7↑
Taipei
28
6
9↑
Japan
43
21
 
9↓
Paris
27
4
10-
France
37
6
 
9↑
Seoul
27
10
10↓
Chinese Taipei
37
5
 
9↑
Shenzhen
27
5
12-
Canada
35
13
 
9↑
Tokyo
27
16
13↓
Turkey
32
1
 
9↑
Singapore
27
13
14↑
Australia
29
13
 
14↓
Sao Paulo
26
7
15↑
Singapore
28
17
 
15↓
San Francisco
24
6
16↓
South Korea
27
10
 
15↓
Shanghai
24
 -
16↑
Indonesia
27
16
 
17↓
Los Angeles
20
4
18↓
Italy
22
8
 
18↑
Jakarta
19
1
19↓
Spain
20
6
 
18↓
Hangzhou
19
15
20↑
UAE
17
9
 
19↑
Bangkok
17
13





19↑
Dallas
17
2
Source: Hurun Global Rich List 2014 sponsored by Star River Property
↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy

The USA: Ranks No 1 with 481 billionaires; 72 more than 2013. Technology, Media and Telecoms (TMT) overtook investments to become the main source of wealth for American billionaires, followed by retail. TMT, investments and retail made up 113, 108 and 56 billionaires respectively. The combined wealth of the US billionaires was US$2.2 trillion. New York is America’s (and the world’s) city with the highest concentration of billionaires, with 84, followed by San Francisco and LA on 24 and 20 respectively. The USA is also the world’s capital for immigrant billionaires, attracting 42 billionaires.
China:Despite a lacklustre real estate sector, China has added 41 new billionaires to consolidate its second position with 358 billionaires behind the USA. Real estate, manufacturing and investments made up over 60% of the wealth generated. IT and entertainment were the fastest growing. Beijing and HK led the way with 57 and 49 respectively, followed by Shenzhen, Shanghai and Hangzhou on 27, 24 and 19. Average age is 56 years, 8 years younger than the average age of the Hurun Global Rich List. Total wealth US$963bn.
Russia: Comes in third with 103 billionaires; 16 more than 2013. All are self-made. The most popular sectors are energy, real estate and manufacturing with 24, 13 and 11 billionaires respectively. Moscow is home to 77 billionaire, the second highest in the world. Combined wealth of the Russian billionaires comes to US$390bn. Overall wealth of Russian billionaires grew by 6%.
UK: Up one place to 4th place with 78 billionaires, 22 more than 2013. London is the overwhelming city of choice for 48 billionaires followed by Slough for 4 billionaires. Retail, real estate and TMT are the biggest wealth creators with 14, 13 and 9 billionaires respectively. Combined wealth of US$262 million. Overall wealth of UK billionaires dropped by 16%.Ukrainian-born Leonard Blavatnik and India-born Lakshmi Mittal are the richest people living in the UK.  Richard Branson with US$5.8bn is the richest self-made Brit. 
India: Up one place to No 5 with 70 billionaires, 17 more than 2013. Manufacturing, pharma and TMT are the preferred sectors with 17, 12 and 10 billionaires respectively. Combined wealth of the Indians billionaires comes to US$390bn. Mumbai is headquarters to most of the Indian billionaires.Mukesh Ambani (US$18bn, rank 41) is the richest Indian. 15 Indians live outside of India, the highest proportion of any country. This past year, the Indian Rupee weakened by 12% against the US Dollar, making it harder for Indians to make the cut-off.
Germany:Dropped down two places to No 6 with 66 billionaires, despite having 5 more than 2013.Karl Albrecht is the richest German (US$29bn, rank 22). F&B, retail and TMT are the most popular sectors with 16, 11 and 11 billionaires respectively. Hamburg is the preferred city with 9 billionaires living there.
Switzerland:7th with 56 billionaires, 15 more than 2013. The No 1 city for billionaires is Geneva. Preferred sectors are pharma, luxury and manufacturing with 9 billionaires each. Combined wealth of the Swiss billionaires cumulates to US$203bn.
Brazil:8th with 48 billionaires, 15 more than 2013. Combined wealth of the Brazilian billionaires totals US$167bn. Financial services is preferred industry with 12 billionaires followed by F&B and Real Estate with 7 billionaires each.
Japan: 9th with 43 billionaires, 21 more than 2013, despite the Yen losing 6% against the dollar. Combined wealth of the Japanese billionaires cumulates to US$138.2bn. The preferred sector is TMT with 15 billionaires followed by retail with 11. Tokyo is the preferred city.
France:10th with 37 billionaires., 6 more than 2013. Combined wealth of the French billionaires is US$270bn. The preferred sector is luxury with 10 billionaires followed by F&B with 7 billionaires. Paris is the most preferred city.
Chinese Taipei:10th with 37 billionaires, 5 more than 2013. Taipei is the preferred city. Manufacturing is the preferred sector. Tsai Eng-Meng is the richest person (US$11bn, rank106).
Oceania is the only continent where a woman leads the billionaires’ list. (Georgina Rinehart, US$15.9bn, rank 54).

Table: Billionaires by Continent – Hurun Global Rich List 2014

Continent
No: of Billionaires
Change in no of billionaires yoy
Combined Wealth US$bn
1
Asia
824
216
2393
2
North America
528
88
2438
3
Europe
372
48
1612
4
South America
81
32
277
5
Africa
33
16
103
6
Oceania
31
14
94
Source: Hurun Global Rich List 2014 sponsored by Star River Property

Young & Rich
26 billionaires are under 40, led by 23-year-old and 25-year-old SnapChat founders Evan Spiegel and Bobby Murphy. 5 of the 26 are from Facebook, one of whom is the WhatsApp co-founder Jan Koum. 13 are self-made with 13 inherited. Of the self-made, all are male, and 9 reside in the US with 2 in Japan.
Table: Billionaires under 40 years – Hurun Global Rich List 2014
AGE
NAME
NET WORTH US$bn
SOURCE OF WEALTH
SOURCE
GENDER
 COUNTRY OF RESIDENCE
23
Evan Spiegel
1.1
SnapChat
Self made
M
USA
25
Bobby Murphy
1.1
SnapChat
Self made
M
USA
30
Mark Zuckerberg
31
Facebook
Self made
M
USA
30
Dustin Moskovitz
9.3
Facebook
Self made
M
USA
31
Albert von Thurn und Taxis
2.0
Real Estate
Inherited
M
Germany
32
Scott Duncan
6.1
Energy
Inherited
M
USA
32
Eduardo Saverin
3.0
Facebook
Self made
M
Singapore
33
Yang Huiyan & family
8.2
Real Estate
Inherited
F
China
33
Fahd Hariri
1.4
Construction
Inherited
M
France
33
Li Zhaohui & family
1.3
Steel
Inherited
M
China
34
Marie Besnier Beauvalot
1.8
Food & Beverages
Inherited
F
France
35
Sean Parker
3.5
Facebook
Self made
M
USA
36
Ayman Hariri
1.4
Construction
Inherited
M
Saudi Arabia
37
Alejandro Santo Domingo Davila
12.5
Sab Miller
Inherited
M
USA
37
Jan Koum
8.5
WhatsApp
Self made
M
USA
37
Jack Dorsey
2.5
Twitter
Self made
M
USA
37
Yvonne Bauer & family
2.5
Entertainment
Inherited
F
Germany
37
Merlin Swire & Family
2.3
Swire Pacific
Inherited
M
UK
37
Yoshikazu Tanaka
1.9
Gree International
Self made
M
Japan
37
Maxim Nogotkov
1.5
Svyaznoy Retail
Self made
M
Russia
38
Lawrence Ho
2.8
Casinos
Inherited
M
China
38
Julia Oetker
1.2
Food & Beverages
Inherited
F
Germany
39
Chase Coleman, III
1.8
Hedge Fund
Self made
M
USA
39
Nicholas Woodman
1.4
GoPro
Self made
M
USA
39
Serra Sabanci
1.2
Banking
Inherited
F
Turkey
39
Yusaku Maezawa
1.1
Zozo Town
Self made
M
Japan
Source: Hurun Global Rich List 2014 sponsored by Star River Property
Evan Spiegel & Bobby Murphytogether founded SnapChat, a photo messaging app whose unique feature is that senders can control how long recipients can view the image before it vanishes from their inbox. Both Facebook & Google have made offers to buyout the innovators, only to be turned down by the youngest billionaires in the world. The buyout offers valued the app in excess of US$3bn.
Zuckerberg continues to disrupt the way we communicate and in the process managed to make himself and his cofounders at Facebook billionaires. 30% of the billionaires under 40 hail from social media/ networking industry.
Sean Parker, 35, is the first president of Facebook and co-founder of Napster. He is one of the partners of Founders Fund that has an AUM of US$1bn. Recently made headlines for spending US$4.5 million on his wedding to singer Alexandra Lenas.

Wealth favours the disruptors
Technology overtook real estate to become the biggest wealth-creating sector.
Table: Source of Wealth – Hurun Global Rich List 2014
 
Industry
No. of billionaires
Change in No. of billionaires
Richest Person
Company
1↑
Technology, Media & Telecoms
257
57
Larry Ellison
Oracle
2↓
Real Estate
253
34
Li Ka-shing
Cheung Kong
3↑
Manufacturing
186
75
Pallonji Mistry
Tata Sons
4↓
Investments
184
15
Bill Gates
Microsoft
5↓
Retail
180
46
Amancio Ortega
Inditex
6↑
Food & Beverages
138
40
Michele Ferrero
Ferrero Rocher
7↓
Energy
123
22
Charles & David Koch
Koch Industry
8-
Financial Services
114
26
Joseph Safra
Grupo Safra
9-
Pharmaceuticals
81
13
Dilip Shanghvi
Sun Pharma
10↑
Heavy Industry
45
10
Aliko Dangote
Dangote Cement
11-
Automobile
43
2
Susanne Klatten
BMW
12↓
Mining
39
-3
Georgina Rinehart
Roy Hill Iron Ore Mine
13↑
Logistics and Shipping
37
7
Jack Taylor
Enterprise Rent A Car
14
Luxury
34
2
Bernard Arnault
LVMH
15
Hospitality
30
-2
Mohamed Bin Issa Al Jber
Mbi Internation
Source: Hurun Global Rich List 2014 sponsored by Star River Property
↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy 
Technology produced the most billionaires – 257, accounting for 13.7% of the entire list.  Newcomers include the founders of WhatsApp, Twitter, Qihoo360. Other tech and media stocks that grew by more than 50% included Alpha Animation of China, Alibaba, Facebook, LinkedIn, Softbank, Tencent,  Groupon, Google, Yahoo, Netease, Axel Springer and JC Decaux.
The US has the most number of TMT billionaires, followed by China. It is interesting to note that a technology hub like India does not have a TMT billionaire on the Hurun Global Rich List 2014. The US has added more women tech billionaires, led by Sheryl Sandberg of Facebook. The richest tech billionaire is Laurene Powell Jobs (US$14bn, rank 70), widow of Steve Jobs.
50% of TMT wealth came from technology, followed by entertainment & media at 24% & 15% respectively. Telecoms came in last with 10.5%.
Table: Best Performing Industries  by Country - Hurun Global Rich List 2014
Country
Best performing Industry
Average growth of billionaires for that industry in that country
USA
Automobile
80%
China
Casinos
82%
Russia
TMT
40%
UK
Commodities
65%
India
Airlines
55%
Germany
Health Care
85%
Switzerland
Education
43%
Brazil
Retail
17%
Japan
Consumer Electronics
79%
Chinese Taipei
Financial Services
51%
Source: Hurun Global Rich List 2014 sponsored by Star River Property

Chinese diaspora. 457 billionaires are of Chinese origin. Outside of China and Chinese Taipei, the Chinese diaspora are based predominantly in South East Asia, led by Singapore and Indonesia. 8 reside in the US, led by David Sun and John Tu of Kingston Technology on US$4.1bn each.
Table: Billionaires of Chinese Origin: Where they live – Hurun Global Rich List

 COUNTRY OF RESIDENCE
 No. of Billionaires of Chinese Origin
1
China
358
2
Chinese Taipei
37
3
Singapore
19
4
Indonesia
13
5
Philippines
8
5
USA
8
7
Malaysia
7
8
Thailand
5
9
Australia
1
9
UK
1
Source: Hurun Global Rich List 2014 sponsored by Star River Property

7 of the 10 richest real estate tycoons are Chinese. Although real estate slowed in China, Wang Jianlin of Wanda was the biggest winner amongst the global real estate tycoons, shooting up to second place behind Li Ka-shing. There were four new faces in the Top 10, led by Thai tycoon Tos Chirathivat.
Table: Top Ten Real Estate Tycoons – Hurun Global Rich List 2014

NAME
NET WORTH US$bn
 % CHANGE YOY
COMPANY
AGE
 COUNTRY OF RESIDENCE
1-
Li Ka-shing
33
3%
Cheung Kong
86
China
2↑
Wang Jianlin
25
100%
Wanda
60
China
3↓
Lee Shau Kee
21
-9%
Henderson Land
86
China
4↓
Robert Kuok
16
-16%
Kuok Group
90
China
5-
Donald Bren
14
12%
Irvine Company
82
USA
6↑
Gerald Cavendish Grosvenor & family
11
5%
Grosvenor
63
UK
7*
Tos Chirathivat & family
10.5
 New
Central Group
50
Thailand
8*
Yang Huiyan & family
8.2
19%
Country Garden
33
China
9*
Joseph Lau
8.0
14%
Chinese Estates
63
China
10*
Lin Yu-Lin & family
7.5
25%
Hung Tai
88
Chinese Taipei
Source: Hurun Global Rich List 2014 sponsored by Star River Property
↑ Rank increase yoy  ↓ Rank decrease yoy  - No Rank change yoy  * New to Top 10

Table: Top 10 Countries Emigrated Out of – Hurun Global Rich List 2014
15 Indian billionaires now reside outside of India, making India the top country to emigrate out of, followed by US billionaires, several of whom have moved out for tax reasons.
 
Countries
No. of Billionaires Emigrated
1
India
15
2
USA
13
3
Russia
10
3
UK
10
3
Germany
10
6
Chinese Taipei
9
6
China
9
6
Italy
9
9
South Africa
8
9
Ukraine
8
Source: Hurun Global Rich List 2014 sponsored by Star River Property

Stats
The cut-off required to make the Top Ten shot up by US$6bn to US$36bn, whilst the cut-off to make the Top 100 required an extra US$1bn.
Rank on List
2014 Cut-off required US$bn
2013 Cut-off required US$bn
10
36
30
100
11.5
10.5
200
6.9
6.1
500
3.4
2.9
1000
2.0
1.5
Source: Hurun Global Rich List 2014 sponsored by Star River Property

Currency fluctuations
Global currency witnessed a highly volatile year with an average 16% drop against the US Dollar. The Argentina Peso recorded the steepest drop of 25%. Currency depreciation has made it harder for billionaires from these countries to make the Hurun Global Rich List. Japanese billionaires fared surprisingly well, despite the 15% drop in the value of the Japanese Yen, on the back of significant hikes in market cap of as SoftBank, Fast Retailing and Rakuten.
Table: Currency fluctuations against the US Dollar – Hurun Global Rich List 2014

Country
% Drop in Currency Vs the US Dollar
Change in average wealth of billionaires from each country
1
Argentina
25%
-7%
2
Indonesia
20%
-12%
3
Turkey
19%
-6%
4
South Africa
18%
-24%
5
Australia
15%
-25%
6
Japan
15%
7%
7
Brazil
15%
-13%
8
India
11%
-12%
9
Philippines
11%
-28%
10
Thailand
10%
-42%

Source: Hurun Global Rich List 2014 sponsored by Star River Property

Stock Exchanges
China has more billionaires listed on its stock exchanges than the USA, leading with 245 compared with 240 billionaires listed in the USA. The US Stock Exchanges had a good year, with a gain of 33%, followed by China (22%) and UK (11%). Major countries in Latin America had a bad year with a declined performance of -19% (Brazil) and 8% (Mexico).

Table: Companies that created most Billionaires - Hurun Global Rich List 2014
Hyatt has created more billionaires than any other company on the Hurun Global Rich List, with 11 members of the extended Pritzker family making the list, followed by Roche and Dr Oetker.

Company
No. Of Billionaires
1
Hyatt
11
2
Roche
9
3
Dr Oetker
8
4
Itau Unibanco
7
4
Wal-Mart
7
6
Glencore International
6
6
Cargill
6
8
SC Johnson & Sons
5
8
SACI Falabella
5
8
Facebook
5
8
Societe National D'Investissement
5
Source: Hurun Global Rich List 2014 sponsored by Star River Property

Table: Top 100  - Hurun Global Rich List 2014
For the full list of 1867 dollar billionaires, refer to www.hurun.net

RANK CHANGE YOY
NAME
NET WORTH US$bn
 % CHANGE YOY
COMPANY
AGE
INDUSTRY
 COUNTRY OF RESIDENCE
1
3
Bill Gates
68
26%
Microsoft
59
Investments
USA
2
0
Warren Buffett
64
10%
Berkshire Hathaway
84
Investments
USA
3
0
Amancio Ortega
62
13%
Inditex
78
Single Brand Retailing
Spain
4
-3
Carlos Slim Helu & family
60
-9%
America Movil
75
Investments
Mexico
5
1
Larry Ellison
48
12%
Oracle
70
Technology
USA
6
-1
Bernard Arnault
46
-10%
LVMH
65
Single Brand Retailing
France
7
10
Jeff Bezos
37
42%
Amazon
51
Online Retail
USA
8
13
Sheldon Adelson
36.5
59%
Las Vegas Sands
81
Casinos
USA
9
-1
Charles Koch
36
16%
Koch Industries
79
Energy
USA
9
-1
David Koch
36
16%
Koch Industries
74
Energy
USA
11
-1
Liliane Bettencourt
34
13%
L'Oreal
92
Cosmetics
France
12
-5
Li Ka-shing
33
3%
Cheung Kong
86
Real Estate
China
13
0
Alice Walton
32.5
14%
Wal-Mart
65
Multi Brand Retailing
USA
14
5
Stefan Persson
32
33%
Hennes & Mauritz
67
Single Brand Retailing
Sweden
14
-1
Jim Walton
32
12%
Wal-Mart
66
Multi Brand Retailing
USA
14
-1
Robson Walton
32
12%
Wal-Mart
70
Multi Brand Retailing
USA
14
-3
Christy Walton & family
32
10%
Wal-Mart
59
Multi Brand Retailing
USA
18
24
Mark Zuckerberg
31
82%
Facebook
30
Technology
USA
18
6
Larry Page
31
44%
Google
41
Technology
USA
20
5
Sergey Brin
30
43%
Google
41
Technology
USA
21
-5
Karl Albrecht
29
4%
Aldi Sud
94
Multi Brand Retailing
Germany
21
-10
Alwaleed Bin Talal Alsaud
29
0%
Kingdom Holding Company
59
Investments
Saudi Arabia
23
26
Dieter Schwarz
28
75%
Schwarz Group
75
Multi Brand Retailing
Germany
24
5
Michael Bloomberg
27
35%
Bloomberg
72
Media
USA
24
-6
Ingvar Kamprad & family
27
8%
Ikea
88
Single Brand Retailing
Switzerland
26
46
Wang Jianlin
25
100%
Wanda
60
Real Estate
China
26
25
Aliko Dangote
25
61%
Dangote Cement
57
Cement
Nigeria
26
52
Lui Che Woo
25
108%
Galaxy Entertainment
85
Casinos
China
29
-2
Gérard Mulliez & family
24
17%
Auchan
83
Multi Brand Retailing
France
30
3
David Thomson & family
23
21%
Thomson Reuters
57
Media
Canada
31
-2
Michele Ferrero & family
22
10%
Ferrero Rocher
88
Food & Beverages
Monaco
31
-6
Rinat Akhmetov
22
5%
System Capital Management
48
Investments
Ukraine
31
-12
Bertrand Puech & family
22
-8%
Hermes
78
Single Brand Retailing
France
34
-13
Lee Shau Kee
21
-9%
Henderson Land
86
Real Estate
China
35
New
Haji Hassanal Bolkiah
20
 New
Brunei Investment Agency
68
Energy
Brunei
35
29
Zong Qinghou & family
20
54%
Wahaha
69
Food & Beverages
China
35
1
Theo Jr Albrecht & family
20
11%
Aldi Nord

Multi Brand Retailing
Germany
38
26
Tadashi Yanai
19
46%
Fast Retailing
65
Multi Brand Retailing
Japan
38
4
George Soros
19
12%
Soros Fund Management
84
Hedge Funds
USA
40
-7
Alisher Usmanov
18.5
-3%
Megafon
61
Steel
Russia
41
15
Jacqueline Mars
18
24%
Mars
75
Food & Beverages
USA
41
15
John Mars
18
24%
Mars
80
Food & Beverages
USA
41
12
Forrest Mars Jr
18
20%
Mars
84
Food & Beverages
USA
41
10
Leonard Blavatnik
18
16%
Lyondellbasell
57
Energy
UK
41
8
Leonardo Del Vecchio
18
13%
Luxottica
79
Eye Wear
Italy
41
-14
Mukesh Ambani
18
-12%
Reliance Industries
57
Energy
India
41
New
Khalif bin zayed an Nahyas
18
 New
SBK Holdings
66
Energy
UAE
48
-6
Carl Icahn
17.5
3%
Icahn Enterprises
78
Investments
USA
49
84
Masayoshi Son
17
102%
Softbank
59
Telecom
Japan
49
9
Steve Ballmer
17
21%
Microsoft
59
Technology
USA
49
-13
Lakshmi N Mittal
17
-6%
ArcelorMittal
64
Steel
UK
49
-13
Cheng Yu-tung
17
-6%
New World Development /Chow Tai Fook
89
Real Estate
China
53
19
Phil Knight
16.5
32%
Nike
77
Footwear Retail
USA
54
45
Charles Ergen
16
52%
Dish Networks
61
Entertainment
USA
54
-12
Georgina Rinehart
16
-6%
Roy Hill Iron Ore Mine
60
Mining
Australia
54
-18
Viktor Vekselberg
16
-11%
Renova Group
58
Energy
Russia
54
-21
Robert Kuok
16
-16%
Kuok Group
90
Food & Beverages
China
58
-16
Jorge Paulo Lemann
15.5
-9%
Ambev
75
Food & Beverages
Brazil
58
-22
Michael Otto & family
15.5
-14%
Otto Group
71
Multi Brand Retailing
Germany
58
-29
Iris Fontbona & family
15.5
-23%
Quinenco
72
Mining
Chile
61
New
Mohammed bin Rashid Al Maktoum
15
 New
Dubai Holdings
65
Investments
UAE
61
3
Susanne Klatten
15
15%
BMW
53
Automobile
Germany
61
-3
Mikhail Fridman
15
7%
Alfa Group
50
Energy
Russia
64
39
Leonid Mikhelson
14.5
42%
Novatek
59
Energy
Russia
64
14
Ronald Perelman
14.5
21%
Scientific Game
72
Investments
USA
64
8
Stefan Quandt
14.5
16%
BMW
48
Automobile
Germany
64
0
Serge Dassault & family
14.5
12%
Dassault System
89
Aviation Technology
France
64
-11
Joseph Safra
14.5
-3%
Grupo Safra
76
Banking
Brazil
64
-22
German Larrea Mota Velasco & family
14.5
-15%
Grupo Mexico
72
Mining
Mexico
70
81
Pony Ma
14
87%
Tencent
43
Technology
China
70
20
Laurene Powell Jobs & family
14
27%
Apple
51
Technology
USA
70
8
Harold Hamm
14
17%
Continental Resources
69
Energy
USA
70
8
Paul Allen
14
17%
Microsoft
62
Investments
USA
70
2
Donald Bren
14
12%
Irvine Company
82
Real Estate
USA
70
-12
Francois Pinault & family
14
0%
Kering
79
Multi Brand Retailing
France
70
-17
Vladimir Potanin
14
-7%
Interros
54
Steel
Russia
77
47
Dilip Shanghvi
13.5
53%
Sun Pharma
59
Pharmaceuticals
India
77
22
Azim Premji
13.5
29%
Wipro
70
Technology
India
77
20
Abigail Johnson
13.5
27%
Fidelity
53
Investments
USA
77
-5
Mohammed Al Amoudi
13.5
8%
Corral Petroleum Holding
69
Energy
Saudi Arabia
81
23
Rupert Murdoch
13
30%
News Corp
83
Media
USA
81
-3
Anne Cox Chambers
13
8%
Cox Enterprise
95
Media
USA
81
-3
James Simons
13
8%
Renaissance Technologies
76
Hedge Funds
USA
81
-9
John Paulson
13
4%
Paulson & Co
59
Hedge Funds
USA
85
24
Gennady Timchenko
12.5
30%
Gunvor
62
Energy
Switzerland
85
5
Jack Taylor & family
12.5
14%
Enterprise Rent A Car
92
Logistics
USA
85
2
Ananda Krishnan
12.5
9%
Maxis Communication
76
Telecom
Malaysia
85
-7
Alejandro Santo Domingo Davila
12.5
4%
Sab Miller
37
Food & Beverages
USA
85
-21
Antonio Ermirio de Moraes & family
12.5
-4%
Votorantim Participacoes
86
Energy
Brazil
85
-27
Luis Carlos Sarmiento
12.5
-11%
Grupo Aval
82
Banking
Colombia
85
-27
Vagit Alekperov
12.5
-11%
Lukoil
65
Energy
Russia
85
-43
Vladimir Lisin
12.5
-26%
Novolipetsk Steel
59
Steel
Russia
93
77
Eric Schmidt
12
76%
Google
59
Technology
USA
93
53
Pallonji Mistry
12
54%
Tata Sons
86
Manufacturing
India
93
6
Johanna Quandt
12
14%
BMW
88
Automobile
Germany
93
-3
Andrey Melnichenko
12
9%
Suek
42
Energy
Russia
93
-3
Ernesto Bertarelli & family
12
9%
Serono
49
Pharmaceuticals
Switzerland
93
-29
SP Hinduja & family
12
-8%
Hinduja Group
80
Manufacturing
UK
99
New
Elaine Marshall & family
11.5
 New
Koch Industries
71
Investments
USA
99
New
Nobutada Saji & family
11.5
 New
Suntory Holdings
70
Food & Beverages
Japan
99
29
John Fredriksen
11.5
34%
Frontline
70
Energy
UK
99
-2
Ray Dalio
11.5
8%
Bridgewater Associates
65
Hedge Funds
USA
99
-12
Michael Dell
11.5
0%
Dell
49
Technology
USA
99
-35
Mikhail Prokhorov
11.5
-12%
Polyus Gold
49
Mining
Russia


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