The majority of billionaires in the world are self-made

Bezos is currently the richest man in the world.
Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.
Andrew Harrer | Bloomberg | Getty Images

 

 

There are 2,604 billionaires in the world, and 55.8% of them are self-made.

That’s according to the Billionaire Census published Thursday by market research firm Wealth-X.

Taken together, self-made billionaires have a total of nearly $5 trillion.

Another 30.9% of billionaires made at least some of their wealth themselves, according to the report, while 13.3% inherited their wealth entirely.

The data showed a “continuation of the long-term trend in the gradual increase in the proportion of self-made billionaires,” says the report, which is based on Wealth-X’s own proprietary data and intelligence from Jan. 1 through Dec. 31, 2018This was “despite a broad weakening of asset markets and more subdued global growth prospects,” which the report says “highlights the growing importance of entrepreneurship in creating and preserving substantial wealth.”

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