CARLOS SLIM OF MEXICO ADDS WEALTH OF US$11BN IN YEAR TO STAY RICHEST MAN ON EARTH

LEADING AUTHORITY ON CHINA’S WEALTHY RELEASES GLOBAL RICH LIST, RANKING 1453 DOLLAR BILLIONAIRES IN WORLD

·        CARLOS SLIM RICHEST MAN ON PLANET WITH US$66 BN FORTUNE, FOLLOWED BY WARREN BUFFETT ON US$58BN.

·        ZARA FOUNDER AMANCIO ORTEGA SHOOTS INTO TOP THREE WITH US$23BN INCREASE IN WEALTH TO US$55BN. BILL GATES SLIPS OUT OF TOP THREE.

·        WEALTH OF TOP 10 RISES 22%, EQUIVALENT TO US$250 MILLION A DAY.

·        ASIA LEADS CONTINENTS WITH 608 INDIVIDUALS; NORTH AMERICA 440 AND EUROPE 324.

·        US AND CHINA DOMINATE WITH 408 AND 317. RUSSIA, GERMANY AND INDIA FOLLOW.

·        MOSCOW IS BILLIONAIRE CAPITAL OF WORLD, FOLLOWED BY NEW YORK, HK, BEIJING AND LONDON.

·        REAL ESTATE, TMT, INVESTMENTS AND RETAIL MOST COMMON SOURCES OF WEALTH. REAL ESTATE DOMINATED BY CHINESE.

·        32 BILLIONAIRES COUNT LUXURY AS THEIR MAIN SECTOR, LED BY BERNARD ARNAULT

·        AVERAGE AGE 63 YEARS.  FACEBOOK FOUNDERS MARK ZUCKERBERG AND DUSTIN MOSKOVITZ YOUNGEST SELF-MADE BILLIONAIRES AT 28 AND 29 YEARS.

·        74% SELF-MADE. MOST INHERITEDS ARE SECOND GENERATION.  22 BILLIONAIRES MORE THAN THIRD GENERATION.

·        HURUN REPORT ESTIMATES THERE TO BE 4000 DOLLAR BILLIONAIRES IN GLOBE.

·        CAPITAL MARKETS.  MORE BILLIONAIRES LISTED ON CHINA’S STOCK EXCHANGES THAN US EXCHANGES. 212 INDIV. COMPARED WITH 211 IN THE US.

·        DRAGONS AND HORSES MOST COMMON CHINESE STAR SIGNS MAKING UP 9.6% and 9.2%, WHILST RATS AND CHICKENS LEAST POPULAR.

(28 February 2013, Beijing, China) Hurun Report today released the Hurun Global Rich List 2013, a ranking of the 1453 US dollar billionaires currently in the world.  Wealth calculations are a snapshot of 17 January 2013.  This is the first time that Hurun Report has released a ranking of the dollar billionaires in the world, the so-called ‘Nine-Zero Club’, and follows on from a ranking last year of the ‘Ten-Zero Club’, the 83 individuals with US$10 billion.

The Hurun Global Rich List 2013 is sponsored by luxury property development Agile Property Hainan Clearwater Bay in China’s Hainan Island.

The List at a glance

On the 2013 list, Hurun Report has ranked 1453 individuals with personal wealth of US$1 billion or more.

Asia was home to the highest number of billionaires this year with most of them operating in real estate sector.  The total wealth of the 1453 billionaires amounted to a staggering US$5.5 trillion, the equivalent of China’s GDP.

The average age is 63. One in ten is female.

This past year has seen a rebound in the wealth of private sector.  Stock markets in the US have risen and the US dollar has got stronger, rising against the Brazilian Real by 19%, Indian Rupee by 12% and Japanese Yen by 6%, making it harder for locals to make the cut-off.

The Hurun Global Top Ten grew by 26% on average.

The so-called ‘Ten-Zero Club’ – individuals with US$10bn – grew by 25 individuals to 108 billionaires.

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “For every billionaire that Hurun Report has found, I estimate we have missed at least two, meaning that today there are probably 4000 dollar billionaires in the world.”

China’s entrepreneurs want to see the global context of their recent success.  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.”

Top 10 - Hurun Global Rich List.  Male, American, over 70…but self-made

The Hurun Global Rich List 2013 shows that being male, American and over 60 makes you the right candidate to be among the world’s very richest individuals, however, be prepared to make your fortune yourself. Seven of the top 10 on the Hurun Global Rich List are self-made. Five are from the US, three are Europeans, one is South American and one Chinese,

The average age of the Top 10 is 74, eleven years older than for the whole list.

Top Ten – Hurun Global Rich List

Slim adds to his financial weight

73-year old Carlos Slim of Mexico consolidates his hold on the title of ‘Richest Man on the Planet’ with a personal fortune of US$66bn, growing it by US$11bn over the year.

82-year old Warren Buffett is up one place to second in the world on the back of a US$10bn increase in his wealth. This past year has seen Buffett continue his large-scale investments, with the purchase of the Heinz brand for over US$20bn. In September 2012 Buffett completed treatment for prostate cancer.

Despite Spain’s recent financial pain, Amancio Ortega has seen his fortune rise by US$23bn or 53%, on the back of continued global expansion of the Zara fashion brand, which has jumped Ortega into third place up from seventh last year. Ortega is Europe’s richest person.

Bill Gatesthis year fell out of the top three for the first time, dropping down from second place to fourth this year, despite seeing his wealth grow by US$4bn to US$54bn.  At 57 years, Gates is the youngest member of the global top ten.

Bernard Arnault, France’s richest person and the ‘King of Luxury’, saw his wealth rise by US$9bn to land him in fifth place. This past year, LVMH has posted record sales and a 12% profit hike.

Larry Ellisonmanaged to keep his sixth place with a net increase of US$9bn on last year. The bulk of his fortune comes from his 23% stake in Oracle, which in February this year agreed to acquire Acme Packet for $2.1bn.

85-year old Li Ka-Shing saw his wealth increase by US$8bn to keep him his title of Asia’s Richest Man. This past year, Li has consolidated his position as the UK’s biggest foreign investor, adding to his collection of water and gas utilities.

Energy tycoons Charles and David Koch’s grew their combined wealth by US$14bn to take them to a personal fortune of US$31bn each and joint 8^th place.  Were they to be ranked jointly, they would be on US$62bn, taking them to second place in the world.

L’Oreal heiress Liliane Bettencourt broke into the Top Ten for the first time, and is the richest woman on the planet with a US$30bn fortune. The other richest women include two of the Wal-mart heirs Christy Walton (US$29bn, rank 11), Alice Walton (US$28.5bn, rank 13), Iris Fontbona (US$20bn, rank 29) and Georgina Rinehart (Roy Hill Iron Ore Mine, US$17bn, rank 42).

Billionaire Breakdowns – Continents, Countries and Cities

Asia is home to the lion’s share of billionaires on the planet with 608 individuals, followed by North America with 440 billionaires and Europe 324.

By country, the US was home to 409 billionaires, comfortably ahead of the 317 from China. Between the US and China, they now have half of all billionaires on the planet.

Moscow is the billionaire capital of the world, home to 76 billionaires, edging out New York which has 70.  London came in at fifth place behind HK and Beijing.  Five of the Top Ten cities for billionaires are in Greater China.

Billionaire Cities and Countries -Hurun Global Rich List 2013

Some Country Highlights

The USA:Ranks No 1 with 409 billionaires.  Investments, TMT and retail are the top three sources of wealth for American billionaires, with 102, 88 and 40 billionaires respectively. The combined wealth of the US billionaires is US$1712bn, with New York as their capital.

Greater China: Ranks second with 349 individuals. Top three industries are real estate, manufacturing and investments. The average age is 58 years old, five years younger than the average of the full list.  Significantly all Chinese billionaires are self-made.

Russia: Comes in third with 88 billionaires. 100% are self-made. The most popular sectors are energy, real estate and manufacturing. Moscow rank No: 1 city in Russia with 76 billionaires. Combined wealth of the Russian billionaires comes to US$368bn.

Germany:Ranks No 4 with 61 billionaires. Hamburg is the preferred city. Technology, Media & Telecom (TMT) are the biggest wealth creator with 11 billionaires followed by retail and food & beverages with 9 each. Combined wealth of US$311bn.

UK:Ranks No 5 with 56 billionaires.  Real estate is preferred industry with 11 billionaires.  London is the hands-down winner with 40 billionaires living there.

India:Ranks No 6 with 53 billionaires.  Health care is the preferred sector followed by TMT and real estate.  Mumbai is headquarters to most billionaires, followed by Delhi and Bangalore.Mukesh Ambani (US$20.5bn, rank 27) is the richest Indian. Ambani is also the owner of the world's most expensive home, costing US$1.8bn, and spreading across 27 floors, with nine elevators, six floors for parking and three helipads. Another Indian, 2011 Emmy Award winner, Subhash Chandra (US$3.1bn, rank 450), was once a onetime rice trader in Haryana, who is credited with launching India's satellite television revolution.

India also has a high number of billionaires residing overseas, including LN Mittal (London), S P Hinduja and Family (London), Micky Jagtiani (Dubai), Anil Agarwal (London), Aloke Lohia (Bangkok),  Kavitha Ram Shriram (California), Romesh T Wadhwani (California), Manoj Bhargava (Michigan), Sri Prakash Lohia (London), and Vinod Khosla (California).  MA Yousuf Ali of Emke Group of Companies is a new entrant to the list residing at Dubai

Switzerland: 7th with 40 billionaires. The No 1 city for billionaires is Geneva. Preferred sector is manufacturing with 5 billionaires, followed by mining and retail.

Brazil:8th with 33 billionaires. Financial services is preferred industry with 13 billionaires. Sao Paulo tops the list with 19 billionaires.

Chinese Taipei:9th with 32 billionaires. Taipei is the preferred city with 22 billionaires. Almost all have significant investments in Mainland China.

France:10th with 31 billionaires. Paris being the preferred city. Luxury and F&B share top spot for billionaires.

Oceaniais the only continent where a woman leads the billionaires’ list.

Billionaires by Continent – Hurun Global Rich List 2013

Being in the right business

Real Estate produced the most billionaires – 219, accounting for 16% of the entire list. The wealthiest individual in this category is HK-based Li Ka-shing. Seven of the Top 10 real estate tycoons in the world are living in China, predominantly in HK but also with two from mainland China, a reflection of the urbanisation boom of the last generation. Two of the other three are from the UK and one from the US. See table below for breakdown.

Telecoms Media and Technology (TMT) comes in just behind Real Estate with 200 billionaires, led by Slim. Investments is the third top billionaire-producing industry with 169 individuals, Warren Buffet being top of this sector, having net worth of US$58bn.

Industry Analysis - Hurun Global Rich List 2013

Investments:3^rd in the Industry chart with 169 billionaires. New York is the preferred hub for Investors. Investment veteran, Warren Buffett tops the Industry segment, followed by Bill Gates and Alwaleed Bin Talal.

Retail:4^th in the Industry chart with 134 billionaires. Tokyo is the hub for retailers. Amancio Ortega tops theretail list.

.

Manufacturing: The sector has been the primary source of wealth for 111 billionaires. Birgit Rausing and Family, who is the richest in the sector, earned her wealth through Tetra Pack, innovative packaging company.

.

Energy: It is one of the strongest and fastest growing industry. The sector supports over a hundred billionaires with the Koch brothers leading from the front.

Global Luxury Tycoons - Hurun Global Rich List 2013

There are 32 dollar billionaires that count luxury as their main source of wealth, led by Louis Vuitton boss Bernard Arnault. Paris is the residence of choice for luxury brand owners. The average wealth of luxury brand billionaires is double that of the Global Rich List.

Top Ten Real Estate Tycoons

7 of the Top 10 real estate tycoons in the world are in China, predominantly in HK but also with two from mainland China, a reflection of the urbanisation boom of the last generation. Two of the other three are from the UK and one from the US.

* inherited

Quirks

Rags to riches back to rags in three generations

The majority of the 369 billionaires who have inherited their wealth belong to the 2nd generation, with only around 20% of billionaires with inherited wealth belonging to the third generation. There are 22 families whose origin of wealth goes beyond three generations, led by Albert von Thurn und Taxis (US$2bn, rank 749) of Germany, Carol Nolet (US$1.3bn, rank 1118) of the Netherlands, Benjamin and Ariane de Rothschild (US$5.4bn, rank 233), Gerald Cavendish Grosvenor (US$10.5bn, rank 99) and Charles Cadogan (US$4.5bn, rank 233), both of the UK. 

Youngest and Oldest

The youngest person on this year’s Hurun Global Rich List is 28 year old Facebook founder Mark Zuckerberg (US$17bn, rank 42) while the oldest billionaires on the list are 98 year old David Rockefeller Sr (US$2.6bn, rank 550) and Taiwanese Lin Yu-Chia (US$1.2bn, rank 1191).

Charity

Other Noteworthy facts include a US$3bn pledge by Warren Buffett on his 82nd birthday to his three children’s charitable foundations. Not far behind, was Indian Azim Premji of Wipro, who pledged US$2.3bn to education.  Facebook founder Mark Zuckerberg donated nearly US$500 million to the Silicon Valley Community Foundation. Hedge fund manager John Paulson and his wife Jenny, pledged US$100 million to New York's Central Park Conservancy, followed by Nike Founder Phil Knight and his wife Penelope who announced a US$125 million pledge to Oregon Health & Science University for Cardiovascular institute. Microsoft co-founder Paul Allen pledged US$300 million to his Allen Institute for Brain Science. Music and movie mogul David Geffen pledged US$100 million to UCLA for scholarships for medical students.

Rest of the Top 20

Prince Alwaleed Bin Talal Alsaud is a Saudi Arabian business tycoon and member of the Saudi Royal family.  Wealth grown by US$8bn, mainly on back of 80% gain in his listed Kingdom Holdings, in which he has 95%.  Investment portfolio consists of real estate, media, luxury hotels, banks and information technology companies. Has stake in Citigroup, Apple, News Corp, Twitter. Has an Airbus 380 with an estimated value of US$500 million.

Walton family.Christy Walton is the richest women in the US and second richest in the globe. Walton inherited the fortune form John T Walton, son of Sam Walton, founder of Wal-mart. Were the Wal-mart fortunes to be combined, the family would have US$124bn this year, making them the richest family in the world.

Karl Albrecht. Richest man in Germany. Fortune comes from discount retail store Aldi Sud, which has over 4500 stores. At 92 years, Albrecht is the oldest person in the Top 20.

Jeff Bezos. At 49, Bezos is the youngest billionaire in the Top 20. Founder of Amazon, Bezos has grown his wealth by US$7bn on the back of the Kindle Fire’s success, jumping him from 36^th place last year to 19^th this year.

Ingvar Kamprad and Family. Of Swedish origin but now living in Switzerland, the founder of Ikea has expanded into a credit card business and real estate investments.  Low-key Kamprad reportedly drives a Volvo 240GL that he has owned for two decades. In 2012, Ikea received government approval to enter Indian market.

Bertrand Puech and Family. 3rd richest person in France. Inherited luxury brand Hermes, which posted over US$3bn in profits in 2011, up 18% year on year.

Stock Exchanges

China has more billionaires listed on its stock exchanges than the US, with 212 individuals compared with 211 listed in the US.  The Hong Kong, Shanghai and Shenzhen stock exchanges have seen a huge expansion in the past decade.

Richest Billionaires by Stock Exchange - Hurun Global Rich List 2013

Most Popular Chinese Star Signs - Hurun Global Rich List 2013

Dragons and Horses are the most prevalent star signs on the Hurun Global Rich List, with 9.6% and 9.2% of the billionaires respectively. Interestingly, they are represented by Carlos Slim and Warren Buffett, the richest and second richest man on the planet.

Stats

The cut-off required to make the Top ten was US$30bn, the Top 100 was US$10.5bn.

Methodology

The Hurun Global Rich Listis a snapshot of wealth on 17 January 2013.

Valuing the wealth of China’s richest is as much an art as it is a science.  We have missed some people, but we believe the Hurun Global Rich List is the most serious attempt to identify the world’s top entrepreneurs and to measure their holdings.  Our team of researchers has traveled the length and breadth of the world’s financial centres cross-checking information with business leaders, industry experts, journalists, bankers, and regulators, as well as previous years’ databases. For non-listed companies our valuation was based on a comparison with their listed equivalents using prevailing industry Price/Earning ratios.

Hurun Report would like to thank Anas Rahman Junaid of GyanMagnus Associates, Hurun Report’s chief global rich list research partner.

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 luxury publishing group based in Shanghai, China. Hurun Report Inc. has a stable of four luxury magazines, the Hurun Research Institute and an active business events division targeting China’s entrepreneurs and high net worth individuals. 

The flagship Hurun Report magazine is published monthly and reaches the households of 110,000 proven wealthy Chinese individuals and their advisers. Hurun Report is best known for its annual Hurun China Rich List, widely considered the bible of wealth and de-facto Who’s Who of Chinese business.

Hurun Report Inc. also publishesHorse & Polo, The Schools Guide Series and Wings & Water.

Horse & Polo provides in-depth coverage about horse related issues including features on Polo, Dressage, Horse Racing, Bloodstock as well as Dogs and Croquet. The magazine is designed to be the glamorous companion for wealthy Chinese with a passion for horses.

The Schools Guide Series explains the respective education systems of various destinations such as the UK, US, Canada, Australia and New Zealand, Switzerland and Singapore, issues parents need to take into consideration when making the transition from the Chinese system, and lists the top preparatory, secondary and undergraduate schools.

Wings & Water is for the so-called lion kings of China; those individuals who lead industry and shape opinions. It addresses the needs of those entrepreneurs looking to purchase a jet or yacht, as well as setting out how to maintain these big and costly machines.

For further information, see www.hurun.net

For media inquiries, please contact:

Angel Fu

Hurun Report,Marketing Department

Tel: 021 - 5010 5808*160

Mobile: 137 6432 9969

Email: angel.fu@hurun.net

Hurun Global Rich List 2013– Top 100

For the full list of 1453 dollar billionaires, refer to www.hurun.net