up.hurun.netup.hurun.net/hufiles/201603/20160322113824917.docx · web viewtwo in world, wealth...

DESPITE GLOBAL SLOWDOWN, 2188 BILLIONAIRES IN WORLD, UP 99 TO NEW RECORD

CHINESE BILLIONAIRES OVERTAKE USA, 568 TO 535, INDIA RETAINS TOP 3

JEFF BEZOS, 52, OF AMAZON STORMS UP 18 PLACES TO 4TH WITH US$53BN UP 24BN YOY

US PRESIDENTIAL HOPEFULS DONALD TRUMP AND MICHAEL BLOOMBERG UP US$5BN AND US$16BN TO US$6.5BN AND US$37BN. BLOOMBERG BREAKS INTO TOP 10.

BILL GATES AND WARREN BUFFETT ONE AND TWO IN WORLD, WEALTH DOWN 6% AND 11% TO US$80BN AND US68BN

CARLOS SLIM HELU LOSES US$33BN AND TOP 3 SPOT

BEIJING REPLACES NEW YORK TO BECOME THE BILLIONAIRE CAPITAL OF THE WORLD FOR FIRST TIME

LEADING AUTHORITY ON CHINA AND INDIA’S WEALTHY RELEASES HURUN GLOBAL RICH LIST 2016

WORLD’S BILLIONAIRES GREW BY 99 TO 2188 INDIVIDUALS, NEW WORLD RECORD . 50% MORE THAN 2013.

GOING UP: 1019 SAW WEALTH INCREASE + 311 NEW FACES. GOING DOWN: 729 SAW WEALTH DECREASE + 102 DROPPED OFF LAST YEAR’S LIST.

CHINESE BILLIONAIRES OVERTAKE USA FOR FIRST TIME. CHINA AND USA WITH 568 AND 535 BILLIONAIRES MAKE UP HALF OF THE HURUN LIST. NUMBER OF CHINESE BILLIONAIRES GREW 80% SINCE 2013.

INDIA CONSOLIDATES THIRD PLACE, UP 14 ON LAST YEAR TO 111 BILLIONAIRES. BILL GATES, 60, HOLDS ONTO TOP SPOT WITH US$80BN, DESPITE HAVING DONATED

US$17BN TO PHILANTHROPY. WAY AHEAD OF WARREN BUFFET AND AMANCIO ORTEGA OF ZARA WITH US$68BN AND US$64BN.

BEIJING BILLIONAIRE CAPITAL OF THE WORLD. 5 CHINA CITIES MAKE TOP 10: BEIJING, HK, SHANGHAI, SHENZHEN AND HANGZHOU.

GOOD YEAR FOR MANUFACTURING, PHARMA, INVESTMENTS AND TECH. BAD YEAR FOR ENERGY AND REAL ESTATE. TECH KEY SOURCE OF WEALTH FOR THIRD YEAR RUNNING, FOLLOWED BY REAL ESTATE, MANUFACTURING AND INVESTMENTS.

CHINA LEADS WITH SELF-MADE WOMEN WITH 93 OF 124 SELF-MADE WOMEN IN WORLD.

630 BILLIONAIRES OF CHINESE ORIGIN, 29% OF HURUN LIST, MUCH HIGHER THAN 20% OF WORLD POPULATION. 470 FROM MAINLAND CHINA, 60 FROM HK, 56 FROM SE ASIA, 34 FROM CHINESE TAIPEI, 8 FROM USA AND 1 FROM CANADA AND FRANCE.

TOTAL WEALTH JUMPED 9% TO US$7.3 TRILLION, MORE THAN COMBINED GDP OF GERMANY AND UK AND CLOSE TO HALF THAT OF USA.

275 OR 12.5% IMMIGRANT BILLIONAIRES, LED BY USA (52), UK (32) AND SWITZERLAND (27). WITH US$33BN, SERGEY BRIN OF GOOGLE IS THE RICHEST IMMIGRANT BILLIONAIRE.

47 SELF-MADE BELOW 40 YEARS. YOUNGEST ARE FOUNDERS OF SNAPCHAT EVAN SPIEGEL, 25, AND BOBBY MURPHY, 26, AND PAYMENT ECOSYSTEM PROVIDER STRIPES FOUNDERS JOHN COLLISON, 26, AND PATRICK COLLISON, 27.

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NEW ENTRIESo RONY ABOVITZ, 44, OF VIRTUAL REALITY STARTUP MAGIC LEAP MAKES LIST

FOR FIRST TIME WITH US$1.1 BNo INDIA’S E-COMMERCE MAHARAJAS, SACHIN BANSAL, 34, AND BINNY BANSAL,

33, OF FLIPKART WITH US$1.4BN 22 INHERITED BELOW 40 YEARS. 23 FROM LAST YEAR’S LIST DIED. CHINESE STOCK EXCHANGES ATTRACTED MORE BILLIONAIRES THAN US, FOR THE

FOURTH YEAR RUNNING.

(24 February 2016, Beijing, China) Hurun Report today released the Hurun Global Rich List 2016, a ranking of the US dollar billionaires currently found in the world. Wealth calculations are a snapshot of 15 January 2016. This is the fifth year of the ranking.

The List at a glance

The Hurun Global Rich List 2016 ranked 2188 billionaires from 68 countries, up 99 from last year, in another record-breaking year for the world’s billionaires.

Total wealth increased by 9% to US$7.3 trillion, more than the GDP of Germany and the UK combined and coming close to half that of the USA.

729 individuals saw their wealth decrease. 102 dropped out of last year’s list. Russian billionaires lost US$130bn, on the back of a further 19% drop in the Russian Rouble and with lacklustre performance of mining, metals and energy.

The average age is 64, same as the last 2 years. 69% are self-made.

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “Despite its own slowdown and falling stockmarkets, China minted more new billionaires than any other country in the world last year, mainly on the back of new listings. Growth in billionaires for the rest of the world was held back by a slowdown in the global economy, the strengthening of the US dollar and the drop in oil prices. The number of billionaires, however, has jumped 50% since 2013.”

Top Ten – Hurun Global Rich List 2016

　 Name Net

Worth US$Bn

% change

Main Source of Wealth Age Country of

Residence

1- Bill Gates 80 -6% Investments 60 USA

2↑ Warren Buffett 68 -11% Berkshire Hathaway 85 USA

3↑ Amancio Ortega 64 16% Zara 79 Spain

4* Jeff Bezos 53 83% Amazon 52 USA

5↓ Carlos Slim Helu & family 50 -40% America Movil 76 Mexico

6↑ Mark Zuckerberg 47 7% Facebook 31 USA

7↓ Larry Ellison 46 -15% Oracle 71 USA

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8- David Koch 44 22% Energy 75 USA

8- Charles Koch 44 22% Energy 80 USA

10↓ Bernard Arnault 37 -18% LVMH 66 France

10* Michael Bloomberg 37 76% Bloomberg 73 USASource: Hurun Research Institute 2016

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

Bill Gates, 60, retains the Number 1 spot with a fortune of US$80bn. Gates becomes the first person alive today to have created a US$100bn fortune, having given away more than US$20bn to date. In January, he bought a new home near Seattle, a 6,000 sq metre property, for US$150 million.

Warren Buffett, 85, saw his wealth decrease by US$8bn or 11%, US$2.2bn of which was a donation to the Bill and Melinda Gates Foundation. Buffett has recently been buying into oil refiner Phillips 66. Interestingly, 99 percent of his wealth was earned after his 50th birthday.

Amancio Ortega, 79, is back in the top 3 this year. Inditex, the mother ship of Zara, closed January with its share price close to historic highs. Daughter Sandra Ortega Mera also makes the list with US$5.5bn, inherited from her mother.

Jeff Bezos, 52, shot into the Top 10 for the first time with a US$24bn or 83% increase in wealth to fourth spot with US$53bn on the back of a surge in Amazon shares. Together with Elon Musk of SpaceX and Tesla fame (US$8.8bn, up 38% to 134th place), Bezos has been making headlines for his space project: at the end of last year Bezos successfully launched and returned a booster and capsule from a suborbital flight. Bezos in 2013 purchased the Washington Post.

Carlos Slim Helu, 76, dropped out of Top 3 after losing 40% or US$33bn of his fortune, mainly on the back of big drops in America Movil and Mineras Fresco. The Mexican billionaire has built a museum in Mexico City to house his US$100 million collection of art.

Larry Ellison, 71, with US$47bn, saw his wealth drop by 15%, on the back of a reduction in Oracle’s stock price. Ellison has donated US$4m to the presidential campaign of Marco Rubio.

Mark Zuckerberg, at 31, the youngest member of the Top 10, has had a good year, seeing his wealth rise US$3bn to US$47bn. Zuckerberg made world headlines in December when he announced that he would donate 99% of his Facebook stock to a charity set up with wife Priscilla Chan.

Charles, 80, and David Koch, 75, retain their Top 10 spots on the back of a combined US$16bn increase in their wealth. Charles Koch is an important donor to the Republican presidential campaign.

With a net worth of US$37bn, Michael Bloomberg, 73, shot into the top 10 for the first time on the back of a rise in sales at his media group. Bloomberg is reported to be toying with the idea of running for President as an independent. He has donated US$1bn to John Hopkins University.

Where they live

The ‘Big Two’ are China and the USA with 568 and 535 billionaires respectively, amounting to almost half of the billionaires on the planet. India grew fast. Russia had another bad year.

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Beijing is the new ‘Billionaire Capital of the World’, snatching the title from New York for the first time. 100 of the Hurun Billionaires live in the Beijing, up 32 from last year.

Where they live

CountryNo of

billionaires

Change in No. of

billionaires

CityNumber of billionaire

s

Change in No. of

Billionaires

1↑ Greater China 568 90 1↑ Beijing 100 322↓ USA 535 -2 2↓ New York 95 43- India 111 14 3↓ Moscow 66 -74↑ Germany 82 10 4↓ Hong Kong 64 -74↑ UK 82 2 5↑ Shanghai 50 206↓ Russia 80 -13 5- London 50 17- Switzerland 66 6 7- Shenzhen 46 128↑ France 51 5 7↓ Mumbai 45 59↓ Brazil 49 -7 9↑ Hangzhou 32 1010

↑ Japan 42 -3 10↓ Paris 30 011

↑ Italy 37 10 11↑ San Francisco 28 2

12- Canada 35 -4 11↑ Istanbul 28 -113- Turkey 34 1 13↑ Singapore 27 514

↑ Singapore 32 6 13- Seoul 27 -115

↓ South Korea 31 -2 15↓ Tokyo 26 -216

↓ Australia 30 -2 16↓ Sao Paulo 24 -617

↓ Thailand 26 -3 16↓ Bangkok 24 -318

↑ Spain 21 2 18↓ Taipei 23 -1019* Philippines 16 0 19↓ Los Angeles 21 -119* Sweden 16 +4 20- New Delhi 20 3

Source: Hurun Research Institute 2016

↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New to Top 20

Greater China: Ranks No 1 with 568 billionaires, 90 more than last year. The combined net worth of the Chinese billionaires is US$1.4 trillion, similar to the GDP of Australia. Real Estate has generated most number of billionaires (117), followed by Manufacturing and Tech with 94 and 68 respectively. Led by Beijing, 5 Chinese cities make the top 10 cities for super wealth creators. Beijing, Hong Kong, Shanghai, Shenzhen and Hangzhou are home to 100, 64, 50, 46 and 32 billionaires respectively. Average age of the billionaires is 56. China is the number 1 in the world in terms of generating self-made billionaires akin to “rags to riches”. Wang Jianlin, 61, of Wanda was the richest Chinese with US$26bn, just ahead of Li Ka-shing, 87. Jack Ma, 51, of Alibaba was fourth with US$21bn.

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USA: Ranks No 2 with 535 billionaires; 2 less than last year. Technology overtook investments to become the main source of wealth for American billionaires, followed by retail. Tech, investments and retail made up 122, 105 and 52 billionaires respectively. The combined wealth of the US billionaires was US$2.4 trillion, just a little less than the GDP of France. New York has the highest concentration of billionaires, with 95, followed by San Francisco and LA on 28 and 21 respectively. The USA is the world’s capital for immigrant billionaires, attracting 52 billionaires. 375 self-made and 160 inherited billionaires. USA added 33 new billionaires. Average age of US billionaires dropped to 60, primarily because of the death of 13 billionaires with an average age of 84.

India: Consolidates number 3 position. 111 billionaires, 14 more than last year. Manufacturing, Pharma and Tech are the preferred sectors with 22, 20 and 15 billionaires respectively. Combined wealth of the Indian billionaires shot up by 16% to US$308bn. Average age is 64. Mumbai is headquarters to most of the Indian billionaires. Mukesh Ambani (US$26bn, rank 21) is the richest Indian.

Germany: rises to the no.4 spot with 83 billionaires, 11 more than 2015. With a net worth of US$36bn, Dieter Schwarz, 76, of Schwarz Group retains the top spot of the German billionaires. F&B, Tech and Retail are the most popular sectors with 17, 13 and 13 billionaires respectively. Bielefeld and Hamburg are the preferred cities with 8 billionaires each living there. Average is 65.

UK: Up one place to 4th with 82 billionaires, 2 more than last year. 6 new entrants, led by Mark Scheinberg, 41, of Poker Stars with a net worth of US$4.4bn. London is the overwhelming city of choice for 50 billionaires. Retail, Real estate and Manufacturing are the biggest wealth creators with 13, 13 and 7 billionaires respectively. UK billionaires have a combined wealth of US$267bn. Overall wealth of UK billionaires increased by 10%. Gerald Grosvenor & family and Indian origin SP Hinduja & family are the richest people living in the UK.

Russia: Drops to sixth position with 80 billionaires; 13 less than 2015. All are self-made. The most popular sectors are Energy and Real estate with 17 and 12 billionaires respectively. Moscow is home to 66 billionaires. Combined wealth of the Russian billionaires comes to US$234bn, down by US$130bn. Overall wealth of Russian billionaires declined by 36%.

Switzerland: 7th with 66 billionaires, 6 more than 2015. With 16 billionaires, Geneva is the No 1 city for billionaires in Switzerland. Preferred sectors are Pharma (with 15 billionaires) and manufacturing (with 13 billionaires). Combined wealth of the Swiss billionaires cumulates to US$226.3bn or 20%.

France: rose to 8th position with 51 billionaires, 5 more than 2015. Combined wealth of the French billionaires is US$300bn, 13% more than previous year. The preferred sector is luxury goods and F&B with 8 billionaires each. Home to 30 billionaires, Paris is the preferred city.

Brazil: 9th with 49 billionaires, 7 less than 2015. Combined wealth of the Brazilian billionaires totals US$146bn. Financial services is preferred industry with 10 billionaires followed by TMT and F&B with 5 each.

Japan: 10th with 42 billionaires, 3 less than 2015. Combined wealth of the Japanese billionaires cumulates to US$111bn. The preferred sector is TMT with 14 billionaires followed by retail with 9. Tokyo is the preferred city.

Young & Rich

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There were 69 billionaires under 40, up by 29. Led by Wang Han, 28, China has the most (28), followed by USA (19). 21% are women, of which Elizabeth Holmes, 31, is the youngest.

47 are self-made with 22 inherited. It is worth mentioning that Bill Gates became a billionaire aged 31.

Billionaires self-made under 35 years – Hurun Global Rich List 2016

Age Name Wealth US$Bn Main Company Gender

Countryof Residence

25 Evan Spiegel 1.8 Snapchat M USA26 John Collison 1.0 Stripes M USA26 Bobby Murphy 1.8 Snapchat M USA27 Patrick Collison 1.0 Stripes M USA31 Mark Zuckerberg 45 Facebook M USA31 Elizabeth Holmes 4.3 Theranos F USA31 Dustin Moskovitz 10 Facebook M USA32 Wang Yue 1.0 Kingnet M China32 Cheng Wei 1.0 Didi M China32 Nathan Blecharczyk 3.6 AirBnb M USA33 He Zhitao 1.2 Liaison Interactive M China33 Eduardo Saverin 5.6 Facebook M Singapore34 Sachin Bansal 1.4 Flipkart M India34 Binny Bansaal 1.4 Flipkart M India34 Lin Qi 1.5 Youzu M China34 Joe Gebbia 3.6 AirBnb M USA

35, 34 Wang Qicheng & Wu Yan 2.1 Hakim M, F China

35 Zhang Bangxin 1.3 Tal Education M China35 Scott Farquhar 1.9 Atlassian Corp M Australia

35 Mike Cannon-Brookes 1.9 Atlassian Corp M Australia

35 Wang Tao 3.4 DJI-Innovations M ChinaSource: Hurun Global Rich List 2016

Source of Wealth – Hurun Global Rich List 2016

TMT, Real estate, Manufacturing and Investments made up half of the main source of wealth for the billionaires. It has been a good year for Manufacturing, Pharma, Investments and Tech. It has been a bad year for Energy and Real Estate.

Industry No. of billionaires

Change in No. of billionaires

Richest person Company

1- TMT 307 10 Jeff Bezos Amazon2- Real Estate 267 -13 Wang Jianlin & Wanda

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family

3- Manufacturing 241 22 Georg Schaeffler Schaeffler Group

4- Investments 218 13 Bill Gates Microsoft5- Retail 175 1 Amancio Ortega Inditex

6-Food & Beverages 160 4

Forrest Mars Jr Mars

7- Energy 116 -13 Charles & David Koch Koch Industry

8-Financial Services 111 -7

Thomas PeterffyInteractive Brokers

9- Pharmaceuticals 106 17 Dilip Shanghvi Sun Pharma10↑ Automobile 49 4 Susanne Klatten BMW

11↑ Mining 43 -1 Georgina RinehartRoy Hill Iron Ore Mine

12↓Logistics & Shipping 41 -6

Jack Taylor & familyEnterprise rent a car

13↑ Hospitality 33 3 Karl-Heinz KippHotel Eden Roc

14* Sports & Arts 27 - Bernie Ecclestone & family

Formula One Group

Source: Hurun Global Rich List 2016 ↑ Rank increase yoy ↓ Rank decrease yoy * New Entry - No Rank change yoy

Technology Media and Telecom (TMT) produced the most billionaires – 307, accounting for 14% of the entire list. 39 were newcomers, coming from AirBnB, Kunlun Tech, Jetsen, Flipkart, MagicLeap and so on. Jeff Bezos replaced Larry Ellison for the first time in tech billionaires list.

The US has the most number of tech billionaires, followed by China. China is the only country that has added women billionaires (9 of them) in the tech space

Other Points to Note

Commodity price correction dragged down the wealth of metal & mining billionaires; Lakshmi Mittal, 65, lost US$7bn owing to iron ore price correction of 40% as per IMF commodity price data.

Carlos Slim lost US$30bn last year and slipped to 5th place mainly on the poor performance of his flagship companies America Movil, Grupo Financiero Inbursa, Impulsora del Desarrollo, Grupo Carso and Minera Frisco.

Three new billionaires in the top 100 list. Georg Schaeffler (US$20bn) of Schaeffler Group, Salman bin Abdulaziz Al Saud (US$15bn), King of Saudi Arabia, and Massimiliana Landini Aleotti & family (US$11bn), of Menarini Pharmaceuticals.

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Kingdom Holding’s share price drove down Prince Alwaleed Bin Talal Alsaud’s rank dropped 36 places to 54th.

Thomas Petterffy, 71, of Interactive Brokers, a discount broking firm, tops the list of richest individuals in the financial service sector with US$11bn wealth.

Women. 15% of the list or 315 women in total. The oldest are Yik-Chun Koo Wang, 98, co-founder of Johnson Electric, and Maria Franca Fisollo, 98, of Ferrero Rocher.

Migration good or bad? At a time when the world is debating on immigration, it is interesting to note that 275 or 12.5% of the billionaires are immigrants, led by 52 to the USA, 32 to the UK and 27 to Switzerland. With 56, China is the country producing most of the migrant billionaires, followed by Germany with 25 and India with 24. With US$33bn, Sergey Brin, 42, of Google is the wealthiest immigrant in the world.

Only Asia and Europe registered a growth in the total number of billionaires.

Richest Families: The Wal-mart and Koch Industries are the richest families in the Hurun Global Rich List 2016 with a cumulative net worth of US$123bn and US$104bn respectively. Mars family at US$72bn follows them.

Politically active. Charles and David Koch are active donors to the Republican Party. Donald Trump, US$6.5bn and Michael Bloomberg, US$37bn are either running for or thinking about running for US President. Former Prime Ministers include Silvio Berlusconi of Italy and Saad Hariri of Lebanon. 8 ruling royal families, including Saudi Arabia, Brunei, UAE, Morocco, Thailand, Qatar and Liechtenstein.

The Indian ‘Sam Walton’: Supported by the strong performance of his investments and also his flagship company Lulu hypermarket, MA Yousuf Ali increased with wealth by US$3bn or 82% to US$6bn.

123 billionaires own Fortune Global 500 companies, 76 from USA, 10 from China.

Oldest. The oldest billionaires on the list are 100 year old David Rockefeller Sr (US$1.5bn) followed by 99 year old billionaire investor Henry Hillman ($2.4bn).

23 billionaires from last year’s Hurun Global Rich List died. Average age of the death is 86. Subway co-founder Fred DeLuca died at the early age of 67.

The billionaire obituary – Hurun Global Rich List 2016

Name Company Country Age Net Worth 2015 (US$Bn)

Fred DeLuca Subway USA 67 2.6Richard Rainwater Rainwater Investments USA 70 2.7Jassim Al Kharafi The Kharafi Group Kuwait 74 1.5Susan Hirt Hagen Erie Indemnity USA 77 1.9Peter Lewis Progressive USA 81 1.3

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Donna MacMillan Cargill USA 82 1.8Richard Scaife Newsmax USA 82 1.3Maria Solari Falabella SACI Falabella Chile 83 1.8

Lee Seng Wee Overseas China Banking Corp

Singapore 84 1.5

Alfred James Clark Clark Enterprises USA 87 2.3Michele Ferrero Ferrero Rocher Monaco 88 22Joe Jamail Jr Joe Jamail Lawsuits USA 88 1.5William C Ford Sr Ford Motor USA 89 1.2Hans Guido Riegel Haribo Germany 90 2.7Heinz-Horst Deichmann Deichmann Germany 90 2.6

Karen Boyd S.C Johnson USA 90 2.4Alfred Taubman Taubman Centers USA 90 1.2Brijmohan Lall Munjal Hero Group India 91 3.1Kenneth Adams Jr Adams Resources & Energy USA 92 1.2Ingeburg Herz Beiersdorf Germany 93 2.8Alberto Benavides Buenaventura Peru 94 1Karl Wlaschek Billa Austria 97 3Kirk Kerkorian MGM Resorts USA 97 2.2


Chinese Diaspora: Where they live – Hurun Global Rich List

Chinese diaspora. 630 or 29% of billionaires are of Chinese origin, up 101 from 529 last year. Outside of Greater China, the Chinese diaspora are based predominantly in South East Asia, led by Singapore and Indonesia. Chinese make up 20% of the world’s population.

Residence No. of Billionaires

Mainland China 470 (+74)Hong Kong 60 (-11)Chinese Taipei 34 (-14)Singapore 20 (+6)Indonesia 10 (-)Malaysia 10 (+3)Philippines 8 (+2)Thailand 8 (+3) USA 8 (-)Canada 1 (+1)France 1 (+1)Total 630 (+101)

Source: Hurun Global Rich List 2016

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Trends in Number of Billionaires

The world’s billionaires have grown 50% since 2013, from 1453 to 2188. Over the same period, Mainland Chinese have grown 80%.

YearCut-off to Hurun Global Rich List US$Bn

Total No. on List

Mainland Chinese on List

Greater Chinese on List

Mainlanders in Top 100

2012 100 83 1 5 12013 10 1453 262 357 22014 10 1867 291 458 32015 10 2089 359 478 82016 10 2188 470 568 8


Measuring the degree to which Billionaires are Self-Made

Hurun Report measures 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.

Self-made with a little help from parents was the most common route to becoming a billionaire. An example is Mark Zuckerberg, who was educated at Phillips Exeter Academy, one of America’s best-known private high schools. Second was self-made without help from parents, most of whom are coming from China and the US. Third was inheriting a business and growing it into a much bigger entity, eg Rupert Murdoch.

China leads with self-made ‘5s’.

9% of the Self-Made ‘4s’ and ‘5s’ are female, whilst 70% of the ‘1s’ are female.

69% are self-made.

59 individuals, or 2.6%, are from the 4th generation or more.

Countries by Self-Made Scorecard

Self-Made Scorecard

% of billionaires

TOP 3 Countries (with %. of billionaires) Example

5 34%1. China (66%) Self-made without parental financial support

eg Warren Buffett 2. USA (11%)3. Chinese Taipei (3%)

4 35%1. USA (38%) Self-made, but with a helping hand from

parents such as through private education, eg Mark Zuckerberg

2. Russia (9%)3. India (6%)

3 21%1. USA (21%)

Inherited financial independence, but grew it big time.2. India (10%)

3. Germany (9%)

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2 7%1. USA (26%)

Inherited, but active in the business eg Liliane Bettencourt of L’Oreal2. China (13%)

3. Chinese Taipei (4%)

1 3% 1. USA (32%), Inherited and not actively involved in the business, eg Laurene Powell Jobs of Apple2. Brazil (9%)

3. China (2%)Source: Hurun Research Institute 2016

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Billionaires by Continent – Hurun Global Rich List 2016

35% of new billionaires reside in Asia. Asia is drawing away from North America with 207 new billionaires to take it to 1022 individuals, followed by North America with 584 billionaires and Europe 441.

Europe added US$253bn this year, 18% higher than that of last year.

South America lost US$37bn mainly on account of 21% correction of BOVESPA index and 35% depreciation of Brazilian Real.

Oceania is the only continent where a woman leads the billionaires’ list. (Georgina Rinehart, US$16bn).

With a cumulative net worth of US$84bn, Africa has 29 billionaires on the Hurun Global Rich List 2016. Aliko Dangote, 58, of Dangote Cements leads the pack with US$10bn.

Continent No. of billionaires

Change in No of billionaires YoY

Combined wealth US$ Bn

1 Asia 1,022 79 2,651 2 North America 584 -5 2,617 3 Europe 441 40 1,707 4 South America 82 -10 228 5 Oceania 31 -2 77 6 Africa 29 -2 84


European Union – A quick look

The EU has 344 billionaires this year. Average age of billionaires in the EU is 67, three years higher than the overall list.

Billionaires by EU country

Country No. of Billionaires Average Age Top IndustryGermany 83 64.7 Food & BeveragesUK 82 66.1 Real EstateFrance 51 67.9 Food & BeveragesItaly 37 68.1 RetailSpain 21 68.5 Real EstateAustria 13 66.5 PackagingDenmark 14 61.5 ManufacturingNetherlands 11 70.9 Food & BeveragesSweden 16 66.9 Investments


Stats

The cut-off required for the Top 100 fell slightly, whilst for the Top 200, 500 and 1000 was up.12 of 19

Rank on List 2016 Cut-off required US$bn

2015 Cut-off required US$bn

2014 Cut-off required US$bn

10 37 36 36100 11 12 11.5200 6.6 5.9 6.9500 3.5 2.6 3.41000 2.1 1.9 2


Currency fluctuations

The US Dollar has strengthened again against most of the other major currencies.

Currency fluctuations against the US Dollar – Hurun Global Rich List 2016

Country % drop in currency % Change in WealthJapan 0% 3%UK 5% 13%China 7% 25%India 12% 26%Australia 14% 11%


Stock Exchanges

China has more billionaires listed on its stock exchanges than the USA, leading with 393 compared with 239 billionaires listed in the USA. The Argentinean Stock Exchange (MERVAL) performed the best at 36%; Chinese Shenzhen had a good year, with a gain of 22%. NYSE returned a negative declined growth of -11% while London Stock Exchange returned a declined growth of -11%.

Companies that created most Billionaires - Hurun Global Rich List 2016

Hyatt and Cargill has created more billionaires than any other company on the Hurun Global Rich List 2016, with 10 members of the extended Pritzker family (Hyatt), MacMillan (Cargill) and the Cargill family (Cargill) making the list, followed by Roche and Dr Oetker.

Rank Company No. of Billionaires1 Hyatt 101 Cargill 103 Roche 94 Dr Oetker 85 SC Johnson & Son 75 Wal-Mart 77 SACI Falabella 57 Infosys 5

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7 Hennes & Mauritz 57 Estee Lauder 57 Facebook 5


Chinese Star Signs

Snakes did best on this year’s list again, followed by Horses and Oxen. Dragons had the worst year, dropping 0.65% and three places to sixth. Those born in the year of the Monkey, which started last month, had a good year, up one place to sixth.

Rank Rank Change

Star Sign % %

change1 - Snake 9.8% 0.31%2 - Horse 9.0% -0.17%3 - Ox 8.8% -0.21%4 1 Rabbit 8.7% -0.06%5 1 Sheep 8.6% 0.34%6 -3 Dragon 8.4% -0.65%6 1 Monkey 8.4% 0.25%8 1 Dog 8.0% 0.21%9 -1 Rat 7.9% -0.14%9 1 Tiger 7.9% 0.16%11 1 Rooster 7.5% 0.28%12 -1 Pig 7.1% -0.31%


Table: Top 100 - Hurun Global Rich List 2016

　 Rank Chan

ge Name

Net Worth US$Bn

% change

Main Company Industry Age Country of Residence City of

Residence

1 0 Bill Gates 80 -6% Microsoft Investments 60 USA Medina

2 1 Warren Buffett68

-11%

Berkshire Hathaway Investments 85 USA Omaha

3 1 Amancio Ortega 64 16% InditexSingle Brand Retailing 79 Spain La Coruna

4 18 Jeff Bezos 53 83% Amazon Online Retail 52 USA Seattle

5 -3Carlos Slim Helu & family 50 -40%

America Movil Investments 76 Mexico

Mexico City

6 1 Mark Zuckerberg 47 7%Facebook Technology 31 USA Palo Alto

7 -2 Larry Ellison 46 -15% Oracle Technology 71 USA Woodside

8 0 Charles Koch44

22%

Koch Industries Energy 80 USA Wichita

8 0 David Koch44

22%

Koch Industries Energy 75 USA New York

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10 -4 Bernard Arnault 37 -18% LVMHSingle Brand Retailing 66 France Paris

10 29Michael Bloomberg 37 76%

Bloomberg Media 73 USA New York

12 -4 Dieter Schwarz 36 0%Schwarz Group

Multi Brand Retailing 76 Germany

Neckarsulm

13 4 Larry Page 34 10% Google Technology 42 USA Palo Alto

14 1Liliane Bettencourt 33 0% L'Oreal Cosmetics 93 France Paris

14 4 Sergey Brin 33 10% Google Technology 42 USA Los Altos

16 -3 Jim Walton 31 -9% Wal-MartMulti Brand Retailing 67 USA Bentonville

17 -6 Alice Walton 30 -14% Wal-MartMulti Brand Retailing 66 USA Fort Worth

18 -5 Robson Walton 29 -15% Wal-MartMulti Brand Retailing 71 USA Bentonville

19 9Ingvar Kamprad & family 28 8% Ikea

Single Brand Retailing 89 Switzerland Lausanne

20 54Jorge Paulo Lemann 27 93%

3G Capital Investments 76 Brazil Sao Paulo

21 12Wang Jianlin & family

264% Wanda

Real estate, entertainment 62 China Beijing

21 20 Mukesh Ambani 26 30% Reliance Energy 58 India Mumbai

23 -7 Li Ka-shing

25

-22%Cheung Kong

Real Estate、Energy、Investments 88 China Hong Kong

23 11Bertrand Puech & family 25 4% Hermes

Single Brand Retailing 79 France Paris

23 -12Christy Walton & family 25 -29% Wal-Mart

Multi Brand Retailing 60 USA Jackson

23 1 George Soros

25

-11%

Soros Fund Management

Hedge Funds 85 USA New York

27 0 Lee Shau Kee

24

-9%Henderson Land

Real Estate、Investments 88 China Hong Kong

27 -9Gérard Mulliez & family 24 -20% Auchan

Multi Brand Retailing 84 France Croix

27 1 Jacqueline Mars 24 -8% Mars Food & Beverages 76 USA The Plains

27 9 Steve Ballmer 24 9% Microsoft Technology 60 USAHunts Point

27 1 Forrest Mars Jr 24 -8% Mars Food & Beverages 85 USA Big Horn

27 1 John Mars 24 -8% Mars Food & Beverages 81 USA Jackson

33 3David Thomson & family 23 5%

Thomson Reuters Media 58 Canada Toronto

33 144Leonardo Del Vecchio 23 21% Luxottica

Luxury Goods 80 Italy Milan

33 11 Phil Knight 23 21% NikeFootwear Retail 78 USA

Hillsborough

36 -2 Jack Ma Yun & family

21 -14% Alibaba, Ant Financial

E-commerce, finanical

52 China Hangzhou

15 of 19

service

36 -12 Sheldon Adelson21

-25%

Las Vegas Sands Casinos 82 USA Las Vegas

38 New Georg Schaeffler 20 NewSchaeffler Group

Manufacturing 51 Germany

Herzogenaurach

38 -2Maria Franca Fissolo & family 20 -9%

Ferrero Rocher

Food & Beverages 98 Monaco

Monte Carlo

38 -16 Carl Icahn20

-31%

Icahn Enterprises Investments 79 USA New York

41 12 Pony Ma 19 12% Tencent IT 45 China Shenzhen

41 2Zong Qinghou & family 19 0% Wahaha Drinks 71 China Hangzhou

41 -17 Stefan Persson 19 -32%Hennes & Mauritz

Single Brand Retailing 68 Sweden Stockholm

41 53Anne Cox Chambers

1946%

Cox Enterprise Media 96 USA Atlanta

41 29 Paul Allen 19 36% Vulcan Investments 63 USAMercer Island

46 -28Karl Albrecht Jr & family

18-40% Aldi Sud

Multi Brand Retailing 67 Germany

Mulheim an der Ruhr

46 7 Dilip Shanghvi 18 6%Sun Pharma

Pharmaceuticals 59 India Mumbai

48 -1SP Hinduja & family 16 -11%

Hinduja Group

Manufacturing 81 UK London

48 -7 Rinat Akhmetov

16

-20%

System Capital Management Investments 49 Ukraine Donetsk

48 51 Ray Dalio

16

39%

Bridgewater Associates

Hedge Funds 66 USA Greenwich

48 51 Michael Dell 16 33% Dell Technology 50 USA Austin

48 5 Donald Bren 16 -6%Irvine Company Real Estate 83 USA

Newport Beach

48 56Elaine Marshall & family

1645%

Koch Industries Investments 72 USA Dallas

54 170Galen Weston & family 15 188%

George Weston

Food & Beverages 75 Canada Toronto

54 5 Robert Kuok 15 -9%Kuok Group Diversified 93 China Hong Kong

54 20Serge Dassault & family 15 7%

Dassault System

Aviation Technology 90 France Paris

54 6Michael Otto & family 15 -6%

Otto Group

Multi Brand Retailing 72 Germany Hamburg

54 -10 Tadashi Yanai 15 -21%Fast Retailing

Multi Brand Retailing 66 Japan Tokyo

54 -36Alwaleed Bin Talal Alsaud

15-50%

Kingdom Holding Company Investments 60 Saudi Arabia Riyadh

54 NewSalman bin Abdulaziz Al Saud 15 New - Oil & Gas 80 Saudi Arabia Riyadh

54 20Gerald Grosvenor & family 15 7%

Grosvenor Real Estate 64 UK Cheshire

54 -7 Leonard Blavatnik 15 -17% Lyondellb Energy 58 UK London16 of 19

asell

63 11 Lei Jun14

0%

Xiaomi Technology

Mobile phone, investments 47 China Beijing

63 11 Yan Hao

14

0%

China Pacific Construction Croup

Infrastructure 30 China Nanjing

63 3 Abigail Johnson 14 -7% Fidelity Investments 54 USA Milton

63 -16Laurene Powell Jobs & family 14 -22% Apple Technology 52 USA Palo Alto

63 11 Ronald Perelman 14 0%Scientific Game Investments 73 USA New York

63 266 Thomas Peterffy 14 324%Interactive Brokers

Financial Services 71 USA Greenwich

63 11 James Simons

14

0%

Renaissance Technologies


70 29 Joseph Safra 13 8%Grupo Safra Banking 77 Brazil Sao Paulo

70 -23Haji Hassanal Bolkiah

13

-28%

Brunei Investment Agency Energy 69 Brunei

Bandar Seri Begawan

70 -23Li Yanhong & Ma Dongmin

13-28% Baidu IT

48、46 China Beijing

70 -10 Pallonji Mistry13

-19%Shapoorji Pallonji

Engineering & Construction 86 India Mumbai

70 205 Stefano Pessina 13 132% WalgreenPharmaceuticals 74 Monaco

Monte Carlo

70 4 Henry Sy & family13

-7%

Sm Prime Holding

Multi Brand Retailing 91 Philippines Manila

70 81Charoen Sirivadhanabhakdi 13 55%

Thai Beverage

Food & Beverages 71 Thailand Bangkok

70 -23 Charles Ergen 13 -28%Dish Networks

Entertainment 62 USA Denver

70 67Stephen Schwarzman 13 35%

Blackstone Investments 68 USA New York

79 -19 Georgina Rinehart12

-25%

Roy Hill Iron Ore Mine Mining 61 Australia Perth

79 25

Emilio Alves Odebrecht & family

129%

Odebrecht

Petrochemical - Brazil -

79 122Marcel Herrmann Telles 12 107%

3G Capital Investments 65 Brazil Sao Paulo

79 -13 Susanne Klatten 12 -20% BMW Automobile 54 GermanyBad Homburg

79 25 Shiv Nadar 12 9% HCL Technology 70 India New Delhi

79 -26 Masayoshi Son 12 -29% Softbank Telecom 60 Japan Tokyo

79 103Charlene Carvalho 12 9% Heineken

Food & Beverages 61 Netherlands

Amsterdam

79 -19 Viktor Vekselberg 12 -25% Renova Energy 59 Russia Moscow

79 20 Ernesto Bertarelli 12 0% Serono Pharmaceuti 50 Switzerland Gstaad17 of 19

& family cals

79 41Gennady Timchenko 12 20% Gunvor Energy 63 Switzerland Geneva

79 -5Bhumibol Adulyadej 12 -14%

CPB Holdings Diversified 88 Thailand Bangkok

79 -5Patrick Soon-Shiong 12 -14%

Nant Works

Pharmaceuticals 63 USA

Los Angeles

91 86 Xu Jiayin 11 64%Evergrande

Real Estate, Investments 58 China

Guangzhou

91 3 Stefan Quandt 11 -15% BMW Automobile 49 GermanyBad Homburg

91 New

Massimiliana Landini Aleotti & family

11New Menarini

Pharmaceuticals 72 Italy -

91 -31 Vladimir Potanin 11 -31% Interros Steel 55 Russia Moscow

91 13 Lee Kun Hee 11 0% Samsung Electronics 74 South Korea Seoul

91 -25Khalifa bin Zayed Al Nahyan 11 -27%

SBK Holdings Energy 67 UAE Abu Dhabi

91 13 Hans Rausing 11 0%Tetra Pak Packaging 90 UK Wadhurst

91 94 Andrew Beal 11 69%Beal Bank Investments 63 USA Dallas

91 13Jack Taylor & family

110%

Enterprise Rent A Car Logistics 93 USA St Louis

91 43 Steve Cohen 11 12%Sac Capital


91 68 John Menard Jr 11 51% MenardsMulti Brand Retailing 75 USA Eau Claire

For the full list, see www.hurun.net

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 media and research house based in Shanghai, China, best-known for its rankings of the richest people in China, India and the rest of the world.

Hurun Report Inc. has four divisions: Hurun Report Media, a stable of digital media and four magazines; Hurun Research Institute; Hurun Conferences, an active events division targeting entrepreneurs and high net worth individuals; and Hurun Investments, a US$20m early stage venture capital fund with investments into tech, media, retail and education. .

For further information, see www.hurun.net

For media inquiries, please contact:

Hurun Report

Porsha Pan18 of 19

http://www.hurun.net/

Tel: +86-21-50105808*601

Mobile: +86-139 1838 7446

Email: [email protected]

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