New Altrata Report Reveals Only 10% of the Billionaire Population is Under 50
New Altrata study examines the billionaire populations similarities and differences by age group
NEW YORK, July 11, 2023 /PRNewswire-PRWeb/ -- Today Altrata, the global leader in data intelligence on the wealthy and influential, released Today's Billionaires By Age Group 2023, a Billionaire Census Spotlight.
The median age of the world's billionaire population is 67. Just 10% of the global billionaire class are under 50, while more than four in 10 are older than 70.
It takes people a considerable amount of time to amass a fortune from commercial and portfolio holdings that is large enough to achieve billionaire status. In recent decades, the financialization and rapid digitalization of the global economy, the dynamic growth of China and other emerging markets, a flood of central bank liquidity and a growing focus on the environment have expanded the opportunities for accelerated wealth creation among a new generation of entrepreneurs.
The report highlights some unique traits of young billionaires including:
- Less than 18% of young billionaires, those under 50 are women
- Most young billionaires are part of the tech industry
- More than 55% of young billionaires have self-made fortunes
- 63% of young billionaires have their wealth tied to public holdings, followed by private holdings and liquid assets
The Spotlight report also examines source of wealth, asset allocation and industry affiliation for the entire billionaire population and the differences by age group. It also reveals the top interests and hobbies of billionaires, shining a light on how organizations can engage with them in a meaningful way.
Wealth-X's comprehensive database that provides unrivaled insight into the world's wealthiest individuals, their characteristics and the constantly changing landscape of wealth creation. This study on today's billionaires is an essential read for any organization looking to prospect for and engage with individuals in this exclusive demographic.
Access the complete findings today.
About Altrata
Altrata is a global leader in people intelligence. It includes more than 100 million profiles on wealthy individuals around the world and more than 12 million profiles on senior decision makers, board members and C-suite leaders. Altrata provides intelligence on the people who are most impactful to their clients' success. Altrata's advanced integration solutions allow deeper insights and access to billions of connections helping clients close more deals, manage risk, and identify key talent quickly. Actionable, accurate, and comprehensive data powered by a global team of more than 400 researchers and data specialists, maintaining millions of profiles, enables clients to effectively engage and make meaningful, lasting connections.
Altrata is a registered trademark of Delinian Limited and its affiliated companies, and is comprised of five dynamic offerings: BoardEx, Boardroom Insiders, RelSci, WealthEngine, and Wealth-X.
For inquiries contact Amanda Cifone at [email protected]
Media Contact
Amanda Cifone, Altrata, +12122243007, Amanda.cifone@altrata.com
SOURCE Altrata
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