The world's richest people are an impressive bunch. They think, act, and work differently than the rest of us.
Wealth-X, a market research firm, defines the world's richest as those with $30 million or more in assets, also known as ultra-high net worth (UHNW). Their latest report gives us a peek into the makeup of this exclusive group.
In total, Wealth-X tracked 226,450 UHNW individuals with a combined wealth of $27 trillion.
Keep reading for seven facts you probably didn't know about the world's wealthiest people.
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The global UHNW population has $9.6 trillion in cash.
According to Wealth-X, the global UHNW population's asset portfolio is more than one-third cash — a total of $9.6 trillion.
The rest of their assets are parked in private holdings such as privately-owned companies (33%), stocks and other public holdings (25%), and real estate and other luxury assets, including yachts, planes, cars, art, and jewelry (6.6%).
Ultra wealthy women are younger, on average.
According to Wealth-X, the average age of the world's UHNW woman is 50, about 12 years younger than the global ultra wealthy population average.
Their average net worth is $110 million, and they command just 12% of global UHNW wealth. Just over half of women received all or some of their fortune from inheritance, compared to one-third of men.
Millennials account for 3.2% of the global UHNW population — and two-thirds are self-made.
Millennials — defined by Wealth-X as people born between 1980 and 1994 — make up 3.2% of the global UHNW population, which is about 7,200 individuals. Two-thirds of this group are self-made, including Facebook founder and CEO Mark Zuckerberg.
The Harvard dropout became the youngest self-made billionaire in history at just 23 years old. Today he's worth an estimated $64.7 billion.
According to Wealth-X, UHNW millennials control a total of $334 billion; meaning Zuckerberg is responsible for nearly one-fifth of that wealth.
See the rest of the story at Business Insider
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