Billionaire population hits record levels

Billionaire population hits record levels

The global billionaire population and its immense wealth hit record levels in 2017, according to global wealth research firm Wealth-X, which reports there are 2,754 billionaires in the world.

The U.S. dominated the list of top 10 billionaire countries with 680 total billionaires in 2017, representing 25% of the global billionaire population and 34% of total billionaire wealth.

New York is home to more billionaires than almost every country in the world, with the exception of China, Germany and India. China and Germany trail America at Nos. 2 and 3 with 338 and 152 billionaires, respectively.

The top 10 countries represent 65% of the global billionaire population and 71% of global billionaire wealth. And not only did billionaire wealth grow, but it grew at a faster pace than population size across all regions of the world, according to the report.

The number of female billionaires rose by 18%, outpacing the growth of the male billionaire population. In addition, billionaire wealth grew at a much faster pace than population size across all regions.

According to the report, a growing trend for billionaires to give more, with significant portions of the population focusing at least part of their philanthropic activity on education, health and social causes, as well as art and cultural organizations.

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