It’s Official: The Rich Are Getting Richer

Better Investing

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

A record number of people have 10-figure bank accounts. Find out how many women belong to the club, and how many billionaires call North America home.

The world’s billionaires’ club swelled last year, hitting a record 2,473 billionaires — a 6.4 increase from 2014, according to Wealth-X’s annual Billionaire Census.

If you combine their massive riches, those billionaires hold a record-breaking amount of the world’s wealth, at $7.7 trillion.

To put that number into perspective, the billionaires’ $7.7 trillion in wealth trails only the New York Stock Exchange ($17 trillion) in terms of equity market capitalizations, and only the United States ($17.9 trillion) and China ($11 trillion) in terms of gross domestic products.

Wealth-X noted there is “only one billionaire for every 2.95 million people on the planet.” But the report added:

Although the overall size of the billionaire population is small, the impact of billionaires on the global economy is significant.

Nearly one-third (32.6 percent) of the world’s ultrawealthy — 806 people — reside in Europe, while 628 billionaires (25.4 percent) call North America home.

Here are some highlights from the report:

The gender gap is growing

Of the 148 new billionaires added in 2015, all but eight were men. Among all of the world’s billionaires last year, for every one woman there were 8.4 men; that’s up from a ratio of 8.1 to 1 in 2014.

According to Wealth-X:

Female billionaires are still more likely to inherit their wealth than males. However, they are increasingly using this inheritance as seed capital to pursue their own endeavors.

Billionaires are predominantly self-made

The number of billionaires who inherited their wealth dropped by roughly 29 percent between 2014 and 2015, from 453 to 323. According to Wealth-X:

Global billionaires are predominantly self-made, with over 55 percent of the total population sourcing their wealth from fruitful business ventures or successful investments.

Harvard wins the education battle

Harvard University is the most popular university for billionaires. It awards twice as many degrees to future billionaires as Stanford University, the second most popular college for the world’s ultrawealthy.

For more, check out “5 Ways to Join the Billionaires’ Club.”

Are you surprised at how many billionaires are self-made? Share your comments below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 6 Ways to Get Your Official FICO Score Free

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,042 more deals!