The 2024 Altrata Billionaire Census, powered by Wealth-X data, offers an unparalleled look at the world’s billionaire population. This 11th edition report dives deep into the trends, regions, and economic forces shaping billionaire wealth. Despite being a small segment of the population, billionaires wield vast influence in the global economy, with a combined net worth now exceeding $12 trillion.
In a turbulent 2023 marked by global conflicts, shifting monetary policies, and a volatile economic climate, the billionaire class saw its numbers rise by 4% to a record 3,323 individuals. This report examines how investor enthusiasm for generative AI and expectations of monetary easing fueled a late-year surge in stock markets, bolstering billionaire wealth worldwide.
Key Highlights from the Report:
- Global Expansion: The billionaire population grew by 4% in 2023, reaching a new high of 3,323 individuals.
- Regional Insights: India saw a remarkable 16% increase in billionaire numbers, while North America recorded the fastest growth among regions.
- Female Billionaires: The female billionaire population rose to 431, with women showing a strong preference for luxury real estate and valuable art.
The report also presents an in-depth analysis of the rising female billionaire demographic, offering essential insights for businesses aiming to engage this influential audience. It explores critical facets like age, industry focus, asset allocation, and philanthropic engagement, while drawing comparisons with male peers to highlight emerging trends among self-made female billionaires.
Download the full Altrata Billionaire Census 2024 for an essential resource on the world’s wealthiest individuals and strategic insights to connect with this elite demographic.
Maya Imberg is the Head of Thought Leadership and Analytics at Altrata. She is responsible for spearheading the company’s thought leadership efforts and overseeing its analytics and predictive modeling services commissioned by clients. She joined Altrata’s Wealth-X in 2016 as Director of Custom Research responsible for secondary research, data analytics and branded content. Maya has over fifteen years of experience in research, spanning market research, macroeconomics and financial services. Prior to joining Wealth-X, Maya held a variety of consultant and economist roles at the Economist Intelligence Unit and spent a number of years working for Datamonitor’s Financial Services practice. Maya holds an undergraduate and MSc degree in economics and comparative politics from the University of Pennsylvania and London School of Economics respectively.