China's 157 billionaires are the youngest in the world on average

China's 157 billionaires are the youngest in the world on average
Beijing - With 157 billionaires, China has the second largest billionaire population after the United States, which is home to 515 billionaires with a combined net worth of more than US$2 trillion (S$2.49 trillion).

And their average age at 53 years old is nine years younger than the global average.

According to the Wealth-X and UBS Billionaire Census 2013, 90 per cent of China's 157 billionaires made their own fortunes - the highest percentage of self-made billionaires in any country.

China's billionaire population is predominantly male, and the average Chinese billionaire has an average net worth of US$2.4 billion, with a liquidity of 10 per cent.

China's billionaire population grew by 10 individuals between July 2012 and June 2013, the period under study for the report, representing a 6.8 per cent increase. The combined net worth of China's billionaires increased to US$384 billion, a 1 per cent rise over the same period.

Twelve countries were surveyed for the Wealth-X and UBS Billionaire Census 2013, including the United States, Germany, India, the United Arab Emirates, Brazil, South Africa and Australia.

RankCityBillionaire Population
1Beijing26
2Shanghai19
3Shenzhen16

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