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Hurun Global Rich List 2018

Intro
Hurun Report today released the Hurun Global Rich List 2018, a ranking of the US-Dollar-billionaires in the world. Wealth calculations are a snapshot of 31 January 2018.


WORLD ADDS 437 BILLIONAIRES LAST YEAR, MORE THAN ONE BILLIONAIRE A DAY. CHINA MINTS FOUR NEW BILLIONAIRES A WEEK

2,694 BILLIONAIRES IN THE WORLD, UP 437 FROM LAST YEAR. NEW RECORD

TOTAL WEALTH UP 31% TO US$10.5 TRILLION, EQUIVALENT TO 13.2% OF GLOBAL GDP

JEFF BEZOS, 54, OF AMAZON ADDS US$51BN TO STORM INTO 1st PLACE WITH US$123BN

WARREN BUFFETT OVERTAKES BILL GATES AND BREAKS THROUGH US$100BN MARK AFTER 31% JUMP IN WEALTH

CHINESE BILLIONAIRES GROW BY 210 TO 819, HUGE 40% MORE THAN IN USA

INDIA RECLAIMS THIRD POSITION FROM GERMANY, ADDING 31 BILLIONAIRES

FOR THE FIRST TIME TOP 10 ALL SELF MADE

PONY MA OF TENCENT BECOMES RICHEST ASIAN WITH US$47BN

WITH US$5.3BN, CHRIS LARSEN OF RIPPLE IS OFFICIALLY THE FIRST BLOCKCHAIN BILLIONAIRE

HUNGARY-BORN FINANCIER GEORGE SOROS, 87, DONATES US$18BN TO BRING HIS LIFETIME GIVING TO US$32BN

MORE THAN ONE BILLIONAIRE CREATED EVERY DAY OF THE LAST YEAR, OF WHICH FOUR EVERY WEEK WERE TRACED IN CHINA

LARGEST RICH LIST PROVIDER IN WORLD RELEASES HURUN GLOBAL RICH LIST 2018

Key Findings

1.      2,694 BILLIONAIRES IN WORLD, UP 437 FROM LAST YEAR. RUPERT HOOGEWERF, HURUN REPORT CHAIRMAN & CHIEF RESEARCHER, SAYS, “A BOOM IN CHINA, A WEAK DOLLAR COUPLED WITH US TAX CUTS HAS DRIVEN BILLIONAIRES TO BREAK NEW RECORDS.”

2.      GOING UP: 1,508 LISTERS SAW THEIR WEALTH INCREASE + 567 NEW FACES. GOING DOWN: 363 SAW WEALTH DECREASE

3.      INDIA RECLAIMS THIRD SPOT, WHICH IT HAD LOST TO GERMANY LAST YEAR, WITH 31 NEW BILLIONAIRES

4.      BILL GATES LOSES TOP SPOT TO JEFF BEZOS, DESPITE ADDING US$10BN TO HIS WEALTH AND AFTER GIVING AWAY US$5BN.

5.      TECHNOLOGY KEY SOURCE OF WEALTH. REAL ESTATE OVERTAKES MANUFACTURING FOR SECOND PLACE, FOLLOWED BY INVESTMENTS IN FOURTH PLACE.

6.      MANUFACTURING AND FOOD & BEVERAGE ARE THE FASTEST GROWING SECTORS FOR BILLIONAIRES THIS YEAR

7.      WOMEN MAKE UP 15% OF THE LIST, SAME AS LAST YEAR. 184 SELF-MADE FEMALE BILLIONAIRES, UP FROM 152 LAST YEAR. CHINA LED THE WAY WITH A STAGGERING 78%. THE RICHEST WOMAN IS ALICE WALTON, 68, OF WALMART WITH US$48BN, AFTER LILIANE BETTENCOURT PASSED AWAY AGED 94. RICHEST SELF-MADE WOMAN IN THE WORLD IS ZHOU QUNFEI OF LENS WITH US$10BN. HOOGEWERF SAID, “CHINESE WOMEN COMPLETELY DOMINATE WHEN IT COMES TO THE WORLD’S MOST SUCCESSFUL WOMEN IN BUSINESS.”

8.      19 NEW ENTRANTS TO TOP 100 LED BY CHINESE REAL ESTATE DEVELOPER YANG HUIYAN, 37, OF COUNTRY GARDEN, WHICH IS EXPECTED TO GENERATE REVENUES OF A STAGGERING US$150BN, MORE THAN TRIPLING HER WEALTH.

9.      69% TOTALLY SELF-MADE, 22% PARTLY SELF-MADE AND 9% INHERITED.  CHINESE LEAD THE WORLD FOR SELF-MADE BILLIONAIRES. FOR THE FIRST TIME SINCE RECORDS BEGAN, THE TOP 10 ARE ALL SELF-MADE.

10.    9.1% FIRST GENERATION IMMIGRANT BILLIONAIRES, LED BY SERGEY BRIN OF GOOGLE AND ELON MUSK OF TESLA, WHO IMMIGRATED TO USA FROM RUSSIA AND SOUTH AFRICA.

11.    32% ARE FROM CHINA, UP 3%, DESPITE CHINESE MAKING UP ONLY 20% OF WORLD POPULATION.

12.    DONALD TRUMP (48.2MN), BILL GATES (44MN), OPRAH WINFREY (41.6MN), ELON MUSK (19.9MN) HAVE BIGGEST TWITTER FOLLOWINGS. ENTERTAINER ZHAO WEI LEADS IN CHINA WITH 80 MILLION FOLLOWERS. JACK MA HAS 20 MILLION.

13.    85 ARE FORTY OR UNDER, OF WHICH 47 ARE SELF-MADE. YOUNGEST LISTER IS NORWEGIAN ALEXANDRA ANDRESEN, 21, WORTH US$1.3BN INHERITED FROM HER FATHER. THE YOUNGEST SELFMADE BILLIONAIRE IS IRISH HARVARD-GRADUATE JOHN COLLISON, 27, OF STRIPE WITH US$1.2BN.

14.    EUROPE’S NUMBER ONE ‘KING OF LUXURY’ BERNARD ARNAULT, 68, OF LVMH STORMS INTO TOP 5 WITH A 105% INCREASE IN NET WEALTH

15.    2.7% ARE FOURTH GENERATION OR MORE: 74 BILLIONAIRES COMING FROM 47 COMPANIES.

16.    27 BILLIONAIRES FROM LAST YEAR’S LIST PASSED AWAY. RICHEST WAS INGVAR KAMPRAD WITH US$47BN. YOUNGEST WAS NIKLAS HERLIN (AGED 53) OF KONE CORPORATION. DAVID ROCKFELLER SR OF STANDARD OIL DIED AGED 101.

17.    ASIA PIPPED NORTH AMERICA FOR THE FOURTH YEAR RUNNING IN TERMS OF TOTAL WEALTH CREATED, US$4.33TN COMPARED WITH US$3.38TN.

18.    CHINESE STOCK EXCHANGES ATTRACTED MORE THAN DOUBLE THE NUMBER OF BILLIONAIRES THAN USA STOCK EXCHANGES, 601 COMPARED WITH 252.

19.    CHINESE STAR SIGNS.  BILLIONAIRES BORN IN THE YEAR OF THE SNAKE TOP THE LIST FOR THE THIRD YEAR RUNNING. THOSE BORN IN THE YEAR OF THE DRAGON HAD THE BEST YEAR, SHOOTING UP FOUR PLACES. NUMBER ONE JEFF BEZOS IS A RABBIT. RATS AND PIGS PROPPED UP THE BOTTOM.

 

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(28 February 2018, Los Angeles, Beijing and Mumbai) Hurun Report today released the Hurun Global Rich List 2018, a ranking of the US-Dollar-billionaires in the world. Wealth calculations are a snapshot of 31 January 2018. This is the seventh year of the ranking.

The List at a glance

The Hurun Global Rich List 2018 ranked 2,694 billionaires from 68 countries and from 2,157 companies in another record-breaking year for the world’s billionaires.

Total wealth increased by a staggering 31% to US$10.5 trillion, equivalent to 13.2% of global GDP, and almost double the 7% of global GDP six years ago. Rupert Hoogewerf said, “Never has so much wealth been concentrated in the hands of so few.”

It has been an outstanding year for billionaires: 1508 saw their wealth increase and there were 567 new faces.

Chinese billionaires are pulling away from the USA for the third year running, 819 compared with 571.  Just two years ago, they were neck and neck at 534 and 535. Hoogewerf said, “China is going through an amazing period of entrepreneurship, adding 210 billionaires in the past year.”

It has been a good year for India, claiming back its third place after adding 31 billionaires, on the back of a record performance of the Indian stock markets.

The average lister is aged 63, one year younger than last year.

Rupert Hoogewerf says, “The world today has the best part of 6,000 dollar billionaires, assuming that for every one we found, we have probably at least one if not more, particularly from the Gulf states.”

Hoogewerf continues, “A boom in China, a weak dollar and a 26% hike in Nasdaq have led to a surge in dollar billionaires across the world. The US dollar depreciated 16% against the Euro, 12% against the British Pound, 10% against the Chinese Yuan and 6% against the Indian Rupee. Global economic growth was at 3% last year, the fastest rate since 2011 and a significant acceleration compared with 2.4% the previous year.”

Top Ten – Hurun Global Rich List 2018

7 of the Top 10 are from the USA.  Jeff Bezos, Warren Buffett and Mark Zuckerberg led the charge, adding US$51bn, US$24bn and US$21bn respectively. Larry Page, 44, of Google broke into the world’s Top 10 for the first time, and Bernard Arnault, 68, of LVMH returned to the Top 10, doubling his wealth to US$78bn. The Top 10 grew 37% on average.


Name

Wealth US$bn

Change YOY

Source of Wealth

Age

Country of residence

1↑

Jeff Bezos

123

71%

Amazon

54

USA

2-

Warren Buffett

102

31%

Berkshire Hathaway

87

USA

3↓

Bill Gates

90

11%

Microsoft

62

USA

4↑

Mark Zuckerberg

79

36%

Facebook

33

USA

5*

Bernard Arnault

78

105%

LVMH

68

France

6↓

Amancio Ortega

73

6%

Inditex

81

Spain

7-

Carlos Slim Helu   & family

67

46%

America Movil

78

Mexico

8↓

Larry Ellison

54

13%

Oracle

73

USA

9*

Larry Page

50

35%

Google

44

USA

10-

Michael Bloomberg

49

17%

Bloomberg

76

USA

Source: Hurun Research Institute 2018

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 10

 

Jeff Bezos, 54, shot up to World Number One for the first time after Amazon stock rose 70% year on year. Bezos becomes the third Number One in six years, after Carlos Slim and Bill Gates. Bezos first broke into the Hurun Top 10 two years ago. Last year, Amazon reported a revenue of US$177bn and net profit of US$3bn. Bezos recently announced a US$33mn donation to help 1,000 immigrants who were brought to the United States illegally as children to attend college.

Warren Buffett, 87, retains No.2 spot with a 31% increase in his wealth, and to becoming the second person ever to break through the US$100bn barrier. Berkshire Hathaway shares rose after the company announced a stake in Teva Pharmaceuticals and an increase in stake in various well performing assets which include General Motors, Bank of New York Mellon and Apple. Buffett recently made media headlines, suggesting that US tax cuts have added significantly to his wealth.

Bill Gates, 62, dropped down to third place this year. Last year Gates donated US$4.6bn worth of Microsoft shares to his foundation, his largest donation since 2000. The gift reduces Gates’s stake in Microsoft, which he co-founded in 1975, to just 1.3% from 24% in 1996. Nevertheless, Gates’s wealth increased by 11% to US$90bn backed by the performance of his investment portfolio, led by investments including Crown Castle, UPS and FEMSA. Rupert Hoogewerf said, “For the first time in five years, Gates is no longer the richest person on the planet.”

Mark Zuckerberg, 33, up one to fourth, saw his wealth grow 36% to US$79bn, on the back of a hike in Facebook’s share price. Zuckerberg donated US$1.9bn to the Chan Zuckerberg Foundation for education, housing, science and improving the criminal justice system.

Bernard Arnault, 68, returns to the Top 10 after his wealth doubled to US$78bn, on the back of a surge in the value of LVMH after the acquisition of Christian Dior. Arnault’s stake in LVMH increased from 36% to 46%.

Amancio Ortega, 81, of Zara down two to sixth place, despite a 6% increase to US$73bn. Daughter Sandra, 48, also makes the list, ranked 313 with US$6.3 billion. In 2017 Ortega donated US$320 million towards cancer fighting equipment.

Carlos Slim Helu, 78, maintained seventh place despite a 46% increase to US$67bn, on the back of 50% increase in the share price of America Movil. Slim recently made headlines when offering to mediate between the Mexican government and President Trump.

Larry Ellison, 73, of Oracle is down two spots to eighth, despite his wealth increasing by 13% to US$54bn. Ellison made the news recently for aggressively trying to win share from Amazon’s cloud business.

Larry Page, 44, is up 3 places to break into the Top 10 for the first time, on the back of a 35% increase in his wealth to US$50bn.  Larry Page and Avatar director James Cameron have joined forces to mine asteroids and Page is trying to bring a flying car to the market by 2022.

With a net worth of US$49bn, Michael Bloomberg, former Mayor of New York City, 76, saw his wealth increase by 17% to keep him in the Top 10. Bloomberg is a vocal gun control activist, matching US$750,000 of donations received within 24 hours of the Florida High School Shooting earlier this month.

 

 

Where they live

The ‘Big Two’ are Greater China and the USA with 819 and 571 billionaires, making up over half of the billionaires on the planet. It has been a good year for India too, which shot past Germany into third place. Mexico and Chile broke into the Top 20 for the first time. Beijing is now the undisputed billionaire capital of the world, adding 37 to 131, ahead of New York. “There are now more billionaires in the neighbouring cities of Hong Kong and Shenzhen than there are in the whole of California, 158 compared with 139,” says Hoogewerf.

Table: Where they live


Country

No   of billionaires

Change   in No. of billionaires



City

Number   of billionaires

Change   in No. of Billionaires

1-

Greater China

819

210


1-

Beijing

131

37

2-

USA

571

19


2-

New York

92

6

3↑

India

131

31


3-

Hong Kong

80

9

4↑

UK

118

29


4-

Shenzhen

78

16

5↓

Germany

114

5


5↑

Shanghai

70

17

6-

Switzerland

83

6


5↑

London

70

15

7-

Russia

71

3


7↓

Moscow

62

3

8-

France

51

1


8-

Mumbai

55

13

9-

Brazil

49

6


9↑

Bangkok

43

18

9↑

Canada

49

14


10↓

Hangzhou

38

2

11↓

Japan

46

4


11↑

Guangzhou

37

15

12↓

Italy

44

3


12↓

Paris

36

0

12↑

Thailand

44

18


13↑

Tokyo

31

7

14↑

Australia

41

14


13↓

San Francisco

31

2

15↓

South Korea

33

-1


13↑

Singapore

31

3

16↓

Singapore

31

3


16↓

Taipei

30

5

17↓

Turkey

30

1


16↓

Seoul

30

0

18*

Mexico

26

13


18*

New Delhi

29

8

19↓

Spain

25

2


19↓

Sao Paulo

28

3

20↓

UAE

24

3


20↓

Istanbul

27

2

21

Chile

23

15


21

Los Angeles

24

1

21↓

Indonesia

23

6


22

Santiago

23

8

23

Israel

20

6


23

Geneva

22

4

23↓

Sweden

20

3


24

Dubai

19

3

25

Netherlands

15

5


25

Sydney

18

8

25

Denmark

15

1


25

Dallas

18

1

27

Saudi Arabia

12

4


27

Foshan

17

9

27

Philippines

12

-2


28

Jakarta

16

6

27

Austria

12

0


29

Chengdu

15

7

27

Malaysia

12

2


29

Ningbo

15

7

Source: Hurun Research Institute 2018

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 20 (ranking increased this year to Top 30)

 

Beijing is the ‘Billionaire Capital of the World’ for the third year running, ahead of New York. Guangzhou added 16 billionaires to propel it into the Top 10. One third of the cities from top 30 city of residences are from greater china. Only three countries had two or more cities in the Top 30: China, USA and India.

Greater China: The region is the world’s absolute No 1 with 819 billionaires, a staggering 210 more than last year. The combined net worth of the Chinese billionaires is US$2.5trillion, or 3.2% of global GDP. Real Estate has generated most number of billionaires (164), followed by Manufacturing (159) and TMT (105). Led by Beijing, 6 Chinese cities make the top 10 cities and 10 the Top 30. Average age is 58, five years younger than the average of the global list. China is the number 1 in the world in terms of generating self-made billionaires, their stories akin to ‘rags to riches’, and is home to 80% of the world’s self-made female billionaires. Within Mainland China, there are 3 self-made non-Chinese billionaires: US-born cancer-treatment tycoon John Oyler, 48, of BeiGene with US$1.4bn and two Danish clothing retailers Dan Friis and Alan Warburg of Bestseller.

USA is second behind China with 571 billionaires, up 19 since last year. Investments overtook Technology to become the main source of wealth for American billionaires, with 120 and 116 billionaires respectively for each, followed by Retail with 56. The combined wealth of the US billionaires was US$3 trillion, or 3.9% of global GDP, or just a little more than the GDP of France. New York has the absolute highest concentration of billionaires (93), followed by San Francisco, Los Angeles and Dallas. California is the state with the most number of billionaires, of which over half are from the Bay Area. The USA is the world-capital for immigrant billionaires. Average age of US billionaires increased to 66, three years higher than the average age of the global list.

India climbs to 3rd position with 131 billionaires. This list would be 170, if we were to consider Indian origin billionaires. Pharmaceuticals led with 19 billionaires, followed by Automobile & Components with 14 and Consumer products with 11. Combined wealth of the Indian Billionaires increased by 49% to US$454bn. Average age is 64. Mumbai is the preferred hub for most Indian billionaires followed by New Delhi. 31 billionaires migrated from India, with UAE, UK and USA as preferred destinations.

UK grabbed 4th spot with 118 billionaires, 29 more than last year. London is the undisputed city of choice for 63 of them. Retail and Real estate led the way with 21 and 18 billionaires, followed by Manufacturing, with 13. UK billionaires have a combined wealth of US$416bn, an increase of 41%. Leonard Blavatnik (US$20bn) is the richest person living in the UK.

Germany drops to 5th spot with 114 billionaires, 5 more than last year. With a net worth of US$30bn, Georg Schaeffler, 53, of Schaeffler Group overtook Dieter Schwarz to become the new German Number One. Retail, Food & Beverage and TMT led the way, with 17 billionaires each. Hamburg and Bielefeld are the billionaire capitals of the country with 10 and 8 finding residence there. Average age was 63.  34 migrated out of Germany, and Switzerland was the preferred destination for one third of them.

Switzerland secured 6th position with 83 billionaires, up by 6. Geneva is the Swiss billionaire capital, with 21, followed by Zurich with 11. Preferred sectors are Pharmaceuticals (15 billionaires), Energy and Financial Services (7 billionaires). Combined wealth of the Swiss billionaires cumulates to US$330bn, up 39%.

Russia slipped to 7th position with 71 billionaires, up by 3. All are self-made. The most popular sectors are Energy and Metals & Mining with 16 and 15 billionaires each. Moscow is home for 62 of them. Combined wealth of the Russian billionaires comes to US$318bn, up 22%. With US$20bn Alexey Mordashov (52), of Severstal, Metals and Mining giant, is the richest Russian.

France, the luxury capital of the world, retains 8th position with 51 billionaires, one more than last year. Combined wealth of the French billionaires is US$409bn, 35% more than last year. The preferred sectors are Food & Beverage and Retail with 9 and 6 billionaires respectively. Paris is the preferred city and is home to 36 billionaires. The richest man in France, Bernard Arnault, is also the Number One European.

Brazil & Canada share 9th spot with 49 billionaires each. Brazil is up by 6 billionaires from last year, with a combined wealth of US175bn, up 9%. Financial service is the preferred industry with 12 billionaires, followed by Construction & Engineering (6) and TMT (4). Sao Paulo is the preferred city in Brazil with 28 billionaires followed by Rio de Janeiro. 60% have inherited their wealth.

Canada is up by 14 billionaires since last year. Their combined wealth is US$160bn, up 21%. The preferred sector is Retail with 10 billionaires followed by TMT with 7. Toronto is the preferred city for 14 billionaires followed by Montreal.

 

Source of Wealth by Industry – Hurun Global Rich List 2018

It has been a great year for Food & Beverage and Metals & Mining, with both sectors up 32% and 31% respectively in terms of the number of billionaires. All sectors exhibited positive growth with Manufacturing sector registering the lowest growth of 5% in the Top 10 industries.  Real estate stepped up from fourth to second place.

The ‘Big Four’ of TMT, Real Estate, Manufacturing and Investments accounts 44% of the cumulative wealth and contributes 41% total billionaires.

USA and China accounted for 66% of TMT billionaires in the list.

TABLE: Source of Wealth – Hurun Global Rich List 2018


Industry

% of billionaires

% Change

Richest person

Company

1-

TMT

11.1%

-2.1%

Jeff Bezos

Amazon

2

Real Estate

9.1%

-0.3%

Xu Jiayin

Evergrande

3↓

Manufacturing

8.5%

-2.0%

Georg Schaeffler

Schaeffler Group

4↓

Investments

8.3%

-1.2%

Warren   Buffett

Berkshire   Hathaway

5-

Retail

7.7%

-1.1%

Amancio   Ortega

Inditex

6-

Food &   Beverages

7.3%

0.1%

Jacqueline & John Mars

Mars

7-

Financial   Services

4.7%

-0.3%

Thomas   Peterffy

Interactive   Brokers

8↓

Energy

4.3%

-0.7%

Charles   & David Koch

Koch   Industries

9-

Pharmaceuticals

4.3%

-0.6%

Ernesto   Bertarelli

Serono

10*

Metals &   Mining

2.9%

0.0%

Alexey   Mordashov

Severstal

Source: Hurun Global Rich List 2018

 

New Ways of making a billion

Online retail adding physical outlets. Jeff Bezos of Amazon bought Whole Foods last year for US$13.4bn, branching towards physical grocery stores.

Chat to Payments: Jack Ma Yun of Alibaba and Pony Ma Huateng of Tencent are leading the way for China to become a cashless society.

 

Shared economy: Cheng Wei of Didi is catching up to Travis Kalanick of Uber, which had a difficult year with Kalanick leaving the company. Adam Neuman, 38, and Miguel Mckelvey, 43, of WeWork are leading the charge for shared office space.


Robotics:
The leader is ‘Drone King’ Frank Wang Tao, 38, of DJI with US$5.3bn.

 

Interstellar opportunities: Space exploration is heating up. Elon Musk’s SpaceX is valued at US$21bn, the most valuable space exploration company in the world. Jeff Bezos is promoting his reusable rocket company Blue Origin aimed at “colonizing space”. Larry Ellison of Oracle is seeking to mine asteroids.

 

Hyperloop: Some of the billionaires including Elon Musk and Richard Branson are seriously investing into Hyperloop technology, the innovative transportation tech. Virgin signed an MOU with the Maharashtra government for its first ever Hyperloop to be unveiled by 2023.

 

Twitter profitability: Jack Dorsey of Twitter has seen his wealth more than double to US$3.7bn, perhaps as a result of Donald Trump’s endorsement and achieving profitability for the first time.

Blockchain: 2017 was a breakout year for the crypto asset class, with retail and institutional investors alike trying to get in on the potentially transformative technology. Chris Larsen (US$5.3bn) is the richest crypto billionaire, owing his sudden jump of wealth to the rising popularity of crypto currencies.

New Entrants to Top 100.  There were 19 new entrants to the Top 100, led by Francoise Bettencourt-Meyers of L'Oreal who inherited the wealth from her mother Liliane, who died in September last year aged 94. Others include Chinese real estate heir Yang Huiyan of Country Garden, whose share prices more than tripled in the past year and Chinese car tycoon Li Shufu of Geely, who just bought into 10% of Daimler for US9bn this month. Lei Jun of MI surged back 72% on the back of stronger mobile phone sales. India’s Gautam Adani doubled his wealth to US$14bn.

TABLE: New entrants to the Top 100


Name

Net Worth  US$Bn

% change

Main Company

Age

Country of Residence

17

Francoise   Bettencourt-Meyers

46

New

L'Oreal

64

France

26

Yang   Huiyan

32

268%

Country   Garden

46

China

34

He   Xiangjian & He Jianfeng

29

164%

Midea

76,   51

China

59

Zhang   Zhidong

19

121%

Tencent

46

China

73

Ernesto   Bertarelli & family

17

89%

Serono

52

Switzerland

73

Li   Shufu & Li Xingxing

17

198%

Geely

55,   33

China

73

Lui   Che Woo

17

70%

Galaxy   Entertainment

89

China

80

Lei   Jun

16

72%

Xiaomi

49

China

80

Marcel   Herrmann Telles

16

45%

3G   Capital

68

Brazil

80

Zhang   Jindong

16

45%

Suning

55

China

87

Charlene   Carvalho

15

36%

Heineken

63

UK

87

Dustin   Moskovitz

15

52%

Facebook

33

USA

87

Gennady   Timchenko

15

15%

Gunvor

65

Switzerland

87

James   Ratcliffe

15

108%

Ineos

65

UK

87

Lucas   Walton

15

60%

Walmart

31

USA

98

Aliko   Dangote

14

46%

Dangote   Cement

60

Nigeria

98

Gautam   Adani

14

109%

Adani   Enterprises

55

India

98

Klaus-Michael   Kuhne

14

40%

Kuehne   & Nagel

80

Switzerland

98

Seo   Jung Jin

14

536%

Celltrion

60

South   Korea

Source: Hurun Global Rich List 2018

 

Young & Rich. There were 85 billionaires aged 40 or under, 7 up from last year. 47 are self-made with 38 inherited. USA and China led the way with 26 and 24, making up 60% of the Under Forties List. With 8 billionaires, German medical device manufacturer B. Braun contributed the most billionaires under 40. 20% are women.

TABLE: Youngest Self-Made Billionaires

Age

Name

Wealth US$Bn

Main Company

Country

of Residence

27

John Collison

1.2

Stripes

USA

27

Evan Spiegel

3.2

Snapchat

USA

29

Bobby Murphy

3.2

Snapchat

USA

29

Patrick Collison

1.3

Stripes

USA

32

Rishi Shah

3.9

Outcome Health

USA

32

Shraddha Agarwal

1.1

Outcome Health

USA

33

Mark Zuckerberg

79

Facebook

USA

33

Dustin Moskovitz

15

Facebook

USA

Source: Hurun Global Rich List 2018

 

Alma Mater – Harvard produced more billionaires than any other school.

Immigrants: 9.1% of the billionaires are first generation immigrants, led by 64 in the USA, 45 in the UK and 40 in Switzerland. Sergey Brin, 44, of Google is the wealthiest immigrant. Hoogewerf said, “Whilst the USA is the preferred destination of young immigrants who go on to become billionaires, the UK and Switzerland are the world’s capitals for billionaire immigrants.”

TABLE: Top 10 Immigrant Billionaires – Hurun Global Rich List 2018


Name

Net   Worth  US$Bn

Age

Main   Company

Country   of Residence

Country   of Origin

1

Sergey Brin

46

44

Google

USA

Russia

2

Jorge Paulo Lemann

31

78

3G Capital

Switzerland

Brazil

3

Maria Franca Fissolo

29

76

Ferrero Rocher

Monaco

Italy

4

Elon Musk

24

46

Tesla Motors

USA

South Africa

5

Thomas Peterffy

23

73

Interactive Brokers

USA

Hungary

6

Charoen   Sirivadhanabhakdi

21

73

Thai Beverage

Thailand

China

7

Galen Weston &   Family

20

77

George Weston

Canada

UK

8

Leonard Blavatnik

20

60

Lyondellbasell

UK

Ukraine

9

David Thomson &   Family

19

60

Thomson Reuters

Canada

UK

10

Joseph Safra

18

79

Safra

Brazil

Lebanon

10

Viktor Vekselberg

18

60

Renova

Russia

Ukraine

Source: Hurun Global Rich List 2018

 

Politically Affiliated Billionaires

Donald Trump, the highest-profile billionaire politician, has seen his wealth drop by US$1bn to US3.5bn, dropping him down 352 places to 747.

Hurun Rich Listers include the prime minister of the Czech Republic Andrej Babis (Rank:563, US$4.3bn, Agrofert), who took office in December last year; monarchs of Saudi Arabia, Brunei, Dubai and Liechtenstein; former prime ministers of Georgia Bidzina Ivanishvili, of Italy Silvio Berlusconi (Rank:262, US$7.2bn, Mediaset) and of Lebanon Najib Mikati (Rank:1082, US$2.6bn, MTN),

Those who have won elections include Michael Bloomberg, former mayor of New York; Magdalena Blocher, an elected official in the National Council of the Swiss parliament; Serge Dassault (Rank:40, US$24bn, Dassault System), a French senator; Savitri Jindal (Rank:149, US$11bn, JSW Steel) minister for Haryana state government in India.

Several have contested elections and lost, including Russel Weiner of Rockstar energy drink, who ran for a seat in the California State Assembly in 1998; Ronald Lauder (Rank:414, US$5.4bn, Estee Lauder), heir to the cosmetic giant, ran for mayor of New York; Tom Golisano (Rank:1043, US$2.7bn, Paychex) ran for Governor of New York.

Others prefer to stay in the background but support political parties. George Soros (Rank: 217, US$8.5bn, Soros Fund Management) launched ‘The Best for Britain’ with the objective to reverse Brexit. Charles and David Koch pledged to spend close to US$400mn to promote conservative policies. Sheldon Adelson spent more than US$200mn in the past few years championing GOP candidates and conservative causes.

Mikhail Prokhorov (Rank:171, US$10bn, Polyus Gold) joined Russian politics in 2011 and formed the ‘Party of Civic Platform’.

In China, 106 billionaires are either delegates to the National People’s Congress (47) or the CPPCC (59).

Chinese diaspora. 32% of the world’s billionaires are of Chinese origin, up by 3%. Outside of Greater China, the Chinese diaspora are based predominantly in South East Asia, led by Singapore. Chinese make up 20% of the world’s population.

Greater China was made up of Mainland China with 688 (+196), Hong Kong 80 (+15) and Taiwan 42 (+7) billionaires respectively.

TABLE: Chinese billionaire diaspora around the world


Residence

No. of Billionaires

1

Greater China

810 (+206)

2

Singapore

21 (+8)

3

USA

11 (+3)

4

Indonesia

9 (+1)

5

Thailand

8   (0)

6

Malaysia

5 (0)

7

Philippines

4 (-2)

8

UK

1 (+1)

8

Australia

1 (+1)


Total

870 (+218)

Source: Hurun Global Rich List 2018

27 billionaires died, up 8 from last year. Between them, they passed down US$156bn. The youngest was Kone Corporation’s Niklas Herlin, aged 53. Average age of death was 83.

TABLE: The billionaire obituary – Hurun Global Rich List 2018

Name

Company

Country

Age

Net Worth 2017 (US$Bn)

Niklas   Herlin

Kone   Corporation

Finland

53

1.1

Peter   Alfond

Berkshire   Hathaway

USA

64

2.2

Neal   Patterson

Cerner

USA

67

2.0

Edson de   Godoy Bueno

Amil   Participacoes

Brazil

73

2.3

Barry   Sherman

Apotex   Pharma

Canada

74

4.7

Jon   Huntsman

Huntsman   corporation

USA

77

1.5

Erich   Kellerhals

Media-Saturn

Germany

77

2.8

Leandro   Rizzuto

Conair

USA

78

3.9

Belmiro   de Azevedo

Sonae

Portugal

78

2.1

Siegfried   Meister

Rational

Germany

78

5.3

Desh   Bandhu Gupta

Lupin

India

80

5.2

Pierre   Papillaud

Alma   group

France

81

1.2

Americo   Amorim

Galp   Energia

Portugal

82

5.5

Bruce   Halle

Discount   Tire

USA

86

2.7

Jerrold   Perenchio

Chartwell   Leisure

USA

86

2.4

Yeoh   Tiong Lay

Ytl   Corporation

Malaysia

87

2.4

Henry   Ross Perot Sr

Perot   System

USA

87

4.2

Joan   Tisch

Loews

USA

89

2.7

Samuel   Newhouse Jr

Discovery   Communication

USA

90

12

Ingvar   Kamprad

Ikea

Sweden

90

47

Ryoichi   Jinnai

Promise   Consumer Lender

Japan

90

1.3

Karl-Heinz   Kipp

Hotel   Eden Roc

Switzerland

92

5.4

Jose   Mendes Nogueira

J Mendes

Brazil

92

1.2

Liliane   Bettencourt

L'Oreal

France

94

37

David   Consunji

DMCI   Holdings

Philippines

95

3.7

Henry   Hillman

Hilman

USA

98

1.7

David   Rockefeller Sr

Standard   Oil

USA

101

1.5

Source: Hurun Research Institute 2018

Oldest: The oldest on the list is Chee Chen Tung of Johnson Electric aged 100.

Richest Family: The Walton family of Walmart is the richest family in the world with a cumulative net worth of US$165bn, ahead of Jeff Bezos.

Billionaire philanthropy

George Soros, 87, led the way with a US$18bn donation to his Open Society Foundation, whose objective is to improve the state of the world. Soros’ lifetime donations amount to US$32bn.

Bill Gates, 62, donated US$4.6bn worth of Microsoft shares to the Bill & Melinda Gates Foundation, taking his lifetime donations to US$35bn.

Mark Zuckerberg, 33, donated US$1.9bn of Facebook stock to the Chan Zuckerberg Initiative, with the objective of revolutionising education, promoting scientific research and improving learning techniques.

Michael Dell, 53, donated US$1bn to the Michael & Susan Dell Foundation, which works for child education, health and empowerment.

Sheryl Sandberg, 48, of Facebook donated US$230mn to the Sheryl Sandberg & David Goldberg Family Foundation. An unexpected widow herself, she started OptionB.org to help women and families grieving loss of loved ones. Her website, leanin.org, fosters female leadership.

Ingvar Kamprad of IKEA died in January 2018, leaving the bulk of his US$47bn wealth to the Ingka Foundation, which is today one of the largest charities in the world.

 

Big Deals. Some deals that have made the headlines recently.

·         This month, Li Shufu of Geely paid US$9bn for 9.7% of Daimler.

·         Rupert Murdoch in December sold his flagship Twenty-First Century for US$52.4bn in all stock deal to Walt Disney.

·         In January, Maria Franca Fissolo of Ferrero Group, agreed to acquire the USA confectionary business from Nestlé for US$2.8bn in cash.

·         In November 2017, Discovery owned by Donald Newhouse (Rank 127) and Scripps Shareholders approved the proposed purchase of Scripps Networks Interactive for US$14.6bn.

·         Gautam Adani (Rank 98, US$14 bn) led Adani Transmission to sign an agreement in December to acquire Anil Ambani-led Reliance Infrastructure’s power generation and distribution business in Mumbai for US$2.1bn.

·         Keurig Green Mountain owned by Reimann family of Reckitt Benckiser (Rank 996) took control of Dr Pepper Snapple Group by paying US$18.7bn. Keurig Dr Pepper, as the new company will have annual revenue of about US$11bn and into direct competition with Coca-Cola and PepsiCo.

·         Aston Martin is targeting a valuation of US$6.8bn in a potential initial public offering of the British sports car maker.

·         Global spirits giant Bacardi announced acquisition of Patrón Spirits International, maker of the popular Patrón tequila, at an enterprise value of $5.1bn. John Paul DeJoria (Rank 454, US$5.1bn) is selling his 70% stake in the company.

·         Tilman Fertitta (Rank 675, US$3.8bn) bought NBA team Houston Rockets, for a record US$2.2bn from Les Alexander.

·         A consortium led by Xavier Niel (Rank 199, US$9.1bn) has acquired majority stake for just over US$1bn, in telecommunications company Eir.

·         Patrick Soon-Shiong (Rank 219, US$8.4bn) bought The Los Angeles Times from US publisher Tronc for US$500mn.

·         Israel’s Teddy Sagi (Rank 773, US$3.4bn) bought a 44% controlling stake in Brack Capital Properties, a German property developer, for $279mn.

·         Anil Agarwal (Rank 839, US$3.2 bn) bought US$2 billion more worth of shares in the mining company Anglo American and increasing his stake in the company to 21.3% from 12.3%.

·         Frank and Lorenzo Fertitta sold most of their stake in mixed martial arts promoter UFC at a US$4bn valuation, one of the largest sport transactions in the history.

·         Yuan Yafei of Sanpower paid US$820 million for pharma company Dendreon.

·         Guo Guangchang of Fosun invested over US$100m in French fashion brand Lanvin.

Billionaires spending big

·         Michael Dell paid a record $100.47 million for a penthouse on Manhattan’s Billionaires’ Row, making it the most expensive home ever sold in New York City.

·         A mansion on New York’s Upper East Side has sold for a record US$90 million to Ukrainian-born billionaire Leonard Blavatnik.

·         In January, Ken Griffin, US$8.4bn, bought the top four floors of a new condo tower on the    Gold Coast for $58.5 million, paying the highest price ever for a home in Chicago.

 

Some interesting facts about the list

·         The Olympian Billionaires. Agnete Kirk Thinggaard (US$3bn) is a Danish Olympic dressage rider, who represented Denmark at the 2016 Summer Olympics in Rio de Janeiro where she finished 26th in the individual and 6th in the team competition.

·         Michael Jordan, majority owner of Charlotte Bobcats, ranked 2361, led the USA men’s basketball team to gold medals in two Olympics in 1984 and 1992 respectively.

·         Ion Tiriac, national hero in Romania ranked 2361 Hurun Global Rich List represented Romanian ice hockey team in 1964 Winter Olympics. He also won French Open in men's doubles grand slam title, the 1970.

·         Divorce: London divorce court ruled in favour of Tatiana Akhmedova, entitling her of 41.5 percent share of Farkhad Akhmedov's US$1.8bn. Farkhad has not settled yet.

·         57% of billionaires derived their wealth from listed companies

·         In trouble with the law. Huang Guangyu of GoMe is in jail in China. Nirav Modi from India is under investigation for a US$2bn suspected scam. Xiao Jianhua of Tomorrow Holdings is under house arrest in China.

 

Largest Market Capitalizations. The largest companies founded by billionaires on the Hurun list are led by Alphabet, Microsoft and Amazon. Tencent, Alibaba and PingAn from China, are the only non-USA companies that make the Top 10.


Company Name

Market Value US$Bn

1

Alphabet

761

2

Microsoft

708

3

Amazon

701

4

Tencent

540

5

Facebook

515

6

Berkshire Hathaway

503

7

Alibaba

470

8

Samsung

314

9

Walmart

310

10

PingAn

225

Source: Hurun Global Rich List 2018

 

Self-made degrees: Hurun Research’s bespoke measure of 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.

69% are totally self-made, 22% are partly self-made, inheriting a large stake from their parents but growing it aggressively, such as Donald Trump, while 9% are inherited.

The most popular route to becoming a billionaire is ‘self-made without much of a helping hand from parents’, such as Oprah Winfrey, making up 36% of the list and overtaking for the first time ‘self-made, with a helping hand from parents’, such as Mark Zuckerberg, who went to one of the most exclusive US private schools, at 32%. China is the world’s engine when it comes to self-made billionaires.

 

TABLE: Hurun Self-Made Scorecard by Country

Self-Made  Scorecard

% of billionaires

TOP   3 Countries (with %. of billionaires)

Example

5

36.4%

1. Greater China   (76.7%)

Self-made without parental financial support eg Warren Buffett

2. USA (8.8%)

3. UK (2.3%)

4

32.3%

1. USA (35.1%)

Self-made, but with a helping hand from parents such as through   private education, eg Mark Zuckerberg

2. Russia (6.9%)

3. UK (6.9%)

3

22.2%

1. USA (20.7%)

Born into money but grew business aggressively, eg Donald Trump

2. Germany (10.2%)

3. India (10.2%)

2

5.6%

1. USA (22.0%)

Inherited, but active in the business eg Yang Huiyan of Country Garden

2. Greater China   (13.3%)

3. Switzerland (8.7%)

1

3.5%

1. USA (25.3%),

Inherited and not actively involved in the business, eg Laurene Powell   Jobs of Apple

2. Brazil (10.5%)

3. Chile (7.4%)

Source: Hurun Research Institute 2018

 

Companies that created most Billionaires. Red Bull leads the way followed by Chilean retailer SACI Falabella and Thailand’s Charoen Pokphand. Red Bull’s shareholders are led by Dietrich Mateschitz, China’s Yan Bin and 11 children of co-founder Chaleo Yoovidhya.


Company

No. of Billionaires

1

Red Bull

13

2

SACI Falabella

12

2

Charoen Pokphand

12

4

Roche

9

4

Hyatt

9

4

Cargill

9

7

Walmart

8

7

Dr Oetker

8

7

B. Braun

8

Source: Hurun Global Rich List 2018

TABLE: Billionaires by Continent

By Continent. Asia pulled away from North America with US$4.3tn compared with US$3.3tn, double that of Europe. Africa has 26 billionaires, led by Aliko Dangote, 59, of Dangote Cements.  The lions’ share of new billionaires came from China.


Continent

No. of billionaires

Change in No. of billionaires YoY

Combined wealth US$bn

1

Asia

1,329

291

4,374

2

North America

647

45

3,366

3

Europe

555

69

2,282

4

South America

95

20

352

5

Oceania

42

14

112

6

Africa

26

-2

91

Source: Hurun Global Rich List 2018

Stats

The cut-off required to break into the Top 1000 rose 27%.

TABLE: Stats – Cut-off through the Years


Top 10   US$bn

Top 100   US$bn

Top 200   US$bn

Top 500   US$bn

Top 1000   US$bn

2012

25

NA

NA

NA

NA

2013

30

10.5

6.1

2.9

1.5

2014

36

11.5

6.9

3.4

2

2015

36

12

5.9

2.6

1.9

2016

37

11

6.6

3.5

2.1

2017

42

12

6.9

3.7

2.2

2018

49

14

9.1

4.8

2.8

Source: Hurun Global Rich List 2018

TABLE: Stats – Number of Billionaires through the Years

The number of billionaires has risen dramatically. Since 2013, the number of known billionaires has almost doubled. Total wealth of this elite group has grown by 91% to US$10.5 trillion. Greater China has added almost 500 billionaires in the past five years.


No. of   People on List

Av.   Wealth

US$bn

Total   Wealth

US$bn

Richest   Person

US$bn

No. of   Billionaires in Greater China

2012*

83

18.2

1,513

Carlos   Slim Helu & family

55

5

2013

1,453

3.7

5,500

Carlos   Slim Helu & family

66

357

2014

1,867

3.7

6,900

Bill   Gates

68

458

2015

2,089

3.2

6,700

Bill   Gates

85

478

2016

2,189

3.0

7,369

Bill   Gates

80

568

2017

2,257

3.5

8,017

Bill   Gates

81

609

2018

2,694

3.9

10,574

Jeff   Bezos

123

819

Source: Hurun Global Rich List 2018 *In 2012, Hurun Global Rich List only ranked those with US$10bn

 

Chinese Star Signs It has been a good year for those born in the Year of the Dragon, which shot up four places to third. Those born in the year of the Snake continue to lead the way when it comes to the Hurun Global Rich List, led by Michael Dell. Rats and Pigs propped up the bottom, but take courage, Mark Zuckerberg is born in the Year of the Rat. New Number One Jeff Bezos is born in the Year of the Rabbit. 2018 is the Year of the Dog. The most successful dog is Chinese real estate tycoon Xu Jiayin.

TABLE: Chinese Star Signs of the Hurun Global Rich List


Star Sign

%

Richest person

Richest Chinese

1-

Snake

9.2%

Michael   Dell

Lui   Che Woo

2

Monkey

8.8%

Larry Ellison

Charoen Sirivadhanabhakdi

3

Rabbit

8.6%

Jeff Bezos

Joseph Lau Luen Hung

3

Dragon

8.6%

David Koch

Lee Shau Kee

5↓

Horse

8.5%

Warren Buffett

He Xiangjian

5

Ram

8.5%

Bill Gates

Wang Wenxue

7

Tiger

8.4%

Yan Hao

Yan Hao

8↓

Ox

8.3%

Bernard Arnault

Fang Wei

9

Rooster

8.0%

Mukesh Ambani

Yang Huiyan

9-

Dog

8.0%

Xu Jiayin

Xu Jiayin

11

Pig

7.6%

Charles Koch

Pony Ma Huateng

12↓

Rat

7.5%

Mark Zuckerberg

Henry Cheng

Source: Hurun Global Rich List 2018


TABLE: Top 100 - Hurun Global Rich List 2018

For the full list of 2,694 billionaires in the world,download the list


Change

Name

Net Worth  (US$Bn)

% change

Main Company

Age

Country of Residence

1

2

Jeff   Bezos

123  

71%

Amazon

54

USA

2

0

Warren   Buffett

102  

31%

Berkshire   Hathaway

87

USA

3

-2

Bill   Gates

90

11%

Microsoft  

62

USA

4

1

Mark   Zuckerberg

79

36%

Facebook  

33

USA

5

6

Bernard   Arnault

78

105%

LVMH

68

France

6

-2

Amancio   Ortega

73

6%

Inditex

81

Spain

7

0

Carlos   Slim Helu & Family

67

46%

America   Movil

78

Mexico

8

-2

Larry   Ellison

54

13%

Oracle

73

USA

9

3

Larry   Page

50

35%

Google  

44

USA

10

0

Michael   Bloomberg

49

17%

Bloomberg

76

USA

11

5

Alice   Walton

48

55%

Walmart

68

USA

11

-3

Charles   Koch

48

12%

Koch   Industries

82

USA

11

-3

David   Koch

48

12%

Koch   Industries

77

USA

11

5

Jim   Walton

48

55%

Walmart

69

USA

15

23

Pony   Ma Huateng

47

114%

Tencent

47

China

15

1

Robson   Walton

47

52%

Walmart

73

USA

17

New

Francoise   Bettencourt-Meyers

46

New

L'Oreal

64

France

17

-3

Sergey   Brin

46

28%

Google  

44

USA

19

10

Mukesh Ambani

45

73%

Reliance  

60

India

20

0

Bertrand   Puech & Family

41

41%

Hermes

82

France

20

78

Xu   Jiayin

41

242%

Evergrande

60

China

22

3

Steve   Ballmer

38

41%

Microsoft

61

USA

23

-3

Phil   Knight

35

21%

Nike

80

USA

23

11

Sheldon   Adelson

35

46%

Las   Vegas Sands

84

USA

25

9

Lee   Shau Kee

34

42%

Henderson   Land

90

China

26

-6

Jack Ma Yun &   Family

32

10%

Alibaba

54

China

26

126

Yang   Huiyan

32

268%

Country   Garden

37

China

28

34

Francois   Pinault & Family

31

107%

Kering

81

France

28

-5

Jacqueline   Mars

31

11%

Mars  

78

USA

28

-5

John Mars

31

11%

Mars  

82

USA

28

1

Jorge Paulo Lemann

31

19%

3G   Capital

78

Switzerland

32

20

Georg   Schaeffler 

30

76%

Schaeffler   Group

53

Germany

32

0

Li   Ka-Shing

30

20%

Cheung   Kong

90

China

34

73

He   Xiangjian & He Jianfeng

29

164%

Midea  

76,   51

China

34

4

Maria   Franca Fissolo

29

32%

Ferrero   Rocher

76

Monaco

36

-17

Wang   Jianlin & Family

27

-10%

Wanda

64

China

37

-12

Dieter   Schwarz

26

-4%

Schwarz Group

78

Germany

37

-3

James   & Arthur Irving

26

8%

Irving   Group

89

Canada

39

8

Leonardo   Del Vecchio

25

39%

Luxottica

82

Italy

40

35

Elon   Musk

24

71%

Tesla   Motors

46

USA

40

16

Serge   Dassault & Family

24

50%

Dassault   System

92

France

42

14

Michael   Dell

23

44%

Dell  

53

USA

42

-2

Paul   Allen

23

10%

Vulcan

65

USA

42

-1

Susanne   Klatten

23

15%

BMW

55

Germany

42

20

Thomas   Peterffy

23

53%

Interactive   Brokers

73

USA

46

-5

Carl   Icahn

22

10%

Icahn   Enterprises

82

USA

46

-21

Wang Wei

22

-19%

SF Express

47

China

48

14

Charoen Sirivadhanabhakdi

21

40%

Thai Beverage

73

Thailand

48

-1

Ding   Lei

21

17%

Netease

47

China

48

-11

Gérard   Mulliez & Family

21

-9%

Auchan

86

France

48

-16

Masayoshi   Son

21

-16%

Softbank

60

Japan

48

-1

Stefan   Quandt

21

17%

BMW

51

Germany

48

38

Takemitsu   Takizaki

21

62%

Keyence  

72

Japan

54

21

Alexey   Mordashov

20

43%

Severstal

52

Russia

54

-7

Elaine   Marshall & Family

20

11%

Koch   Industries

75

USA

54

-10

Galen   Weston & Family

20

5%

George   Weston 

77

Canada

54

-10

Leonard   Blavatnik

20

5%

Lyondellbasell

60

UK

54

21

Li   Yanhong & Ma Dongmin

20

43%

Baidu

50,   48

China

59

-15

David   Thomson & Family

19

0%

Thomson   Reuters

60

Canada

59

3

Henry   Cheng Kar-Shun & Family

19

27%

Chow   Tai Fook

70

China

59

27

Vladimir   Lisin

19

46%

Novolipetsk   Steel

61

Russia

59

3

Vladimir   Potanin

19

27%

Interros

57

Russia

59

16

Yan   Hao & Family

19

36%

China   Pacific Construction

32

China

59

94

Zhang Zhidong

19

121%

Tencent

46

China

65

-3

Hugh   Grosvenor

18

20%

Grosvenor

27

UK

65

21

Joseph   Lau Luen Hung

18

38%

Chinese   Estates

67

China

65

21

Joseph Safra

18

38%

Safra Bank

79

Brazil

65

33

Lakshmi   N Mittal

18

50%

ArcelorMittal

67

UK

65

10

Lee   Kun Hee

18

29%

Samsung

76

South   Korea

65

-9

Ray   Dalio

18

13%

Bridgewater   Associates

68

USA

65

10

Viktor   Vekselberg

18

29%

Renova  

60

Russia

65

-3

Yao   Zhenhua

18

20%

Baoneng  

48

China

73

-26

Donald   Bren

17

-6%

Irvine   Company

85

USA

73

76

Ernesto   Bertarelli & Family

17

87%

Serono  

52

Switzerland

73

-11

James   Simons

17

13%

Renaissance   Technologies

79

USA

73

-21

Khalifa   Bin Zayed Al Nahyan & Family

17

0%

SBK   Holdings

70

UAE

73

196

Li   Shufu & Li Xingxing

17

198%

Geely  

55,   33

China

73

54

Lui   Che Woo

17

70%

Galaxy   Entertainment

89

China

73

-11

Ronald   Perelman

17

13%

Scientific   Game

75

USA

80

18

Hans   Rausing

16

33%

Tetra   Pak

91

UK

80

-18

Harold Hamm

16

7%

Continental Resources

72

UK

80

67

Lei   Jun

16

72%

Xiaomi

49

China

80

-18

Leonid   Mikhelson

16

7%

Novatek

62

Russia

80

27

Marcel   Herrmann Telles

16

45%

3G Capital

68

Brazil

80

27

Zhang   Jindong

16

45%

Suning

55

China

80

-24

Zong Qinghou &   Family

16

0%

Wahaha

73

China

87

22

Charlene   Carvalho

15

36%

Heineken

63

UK

87

11

Dietrich Mateschitz

15

25%

Red Bull

73

Austria

87

-12

Dilip   Shanghvi

15

7%

Sun   Pharma

62

India

87

45

Dustin   Moskovitz

15

52%

Facebook

33

USA

87

11

Eric   Schmidt

15

25%

Google

62

USA

87

-1

Gennady   Timchenko

15

15%

Gunvor

65

Switzerland

87

-25

Hassanal Bolkiah &   Family

15

0%

Brunei   Investment Agency

71

Brunei

87

97

James   Ratcliffe

15

108%

Ineos

65

UK

87

56

Lucas   Walton

15

60%

Walmart

31

USA

87

0

Robert   Kuok

15

15%

Wilmar,   Shangri La

94

China

87

-46

Stefan   Persson

15

-25%

Hennes   & Mauritz

70

Sweden

98

42

Aliko   Dangote

14

46%

Dangote   Cement

60

Nigeria

98

-42

Alwaleed   Bin Talal Alsaud

14

-13%

Kingdom   Holding

62

Saudi   Arabia

98

-42

Charles Ergen

14

-13%

Dish Networks

64

USA

98

110

Gautam   Adani

14

109%

Adani   Enterprises

55

India

98

27

Klaus-Michael   Kuhne

14

40%

Kuehne   & Nagel

80

Switzerland

98

0

Lu Zhiqiang   & Family

14

17%

Oceanwide

66

China

98

0

Rupert   Murdoch

14

17%

News   Corp

86

USA

98

886

Seo   Jung Jin

14

536%

Celltrion

60

South Korea

98

-0

Shiv   Nadar

14

17%

HCL

72

India

98

-12

Tadashi Yanai

14

8%

Fast Retailing

69

Japan



Download

Hurun Global Rich List 2018 ENG & CHN.xlsx

press release - Hurun Global Rich List ENGLISH 180228.docx

新闻稿:《2018胡润全球富豪榜》180228.docx



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Porsha Pan

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Keywords:hurun global rich list
Author:Pinkle    Editor:Pinkle Xu